Shriram Finance Ltd has borrowed $1.28 billion in a multi-currency social loan, notching the biggest ever offshore facility by an Indian shadow lender.
The non-bank financial company's deal is split across the dollar, euro and dirham, Shriram said in a press release Wednesday.
The tenors in the multi-tranche deal range from three to five years, people familiar with the matter said, asking not to be identified.
The loan adds to this year's rush of offshore debt sales by Indian shadow lenders after the nation's central bank tightened rules in November 2023 that made it increasingly difficult for the sector to obtain local currency bank loans.
Denne historien er fra December 19, 2024-utgaven av Mint Kolkata.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 19, 2024-utgaven av Mint Kolkata.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
One Mobikwik up 90% on debut
Shares of fintech firm One Mobikwik Systems Ltd had a dream stock market debut on Wednesday, ending with a huge premium of 90%, against the issue price of ₹279.
MR POONAWALLA GOES TO BOLLYWOOD
Thirsty for growth, Bollywood's studios have been wooing non-film suitors, like the vaccine tycoon, for funding
Include pantos on your holiday to-do list
If holiday travels take you to Britain, indulge in vibrance of the pantomime
A new play weaves a story of love, longing and deceit
A new play by Amitesh Grover speaks of grief through the story of a woman who can make clay figurines come alive
Cricket stories that read like tales told in a pub
Maxwell, also nicknamed 'The Big Show', dedicates 16 pages to the match against Afghanistan in the 2023 World Cup
An image makeover for palm oil would be good for us
The ecological impact of this affordable oil is lower and health benefits greater than often portrayed
Can the Xi-Trump 'bromance' be revived? Else, ties may fray
Cordiality between the two leaders would favour both countries
Refrain from judicial overreach: It'll strengthen India's judiciary
The suo motu powers of courts are essential to secure justice and the public interest but their overuse can have adverse results
South Korea's political drama was worthy of applause
Its lawmakers were bravely joined by others to reject martial law and uphold democratic institutions
Market losses and mistakes are two completely different things
A loss needn't be a mistake. What matters is whether the process of taking the decision was right
