CFM acquired GMR Rajahmundry Energy's debt from Edelweiss ARC on June 30. Edelweiss bought ₹458 crore debt from IDFC Bank in 2018. Unmet return expectations led to Edelweiss exiting. Regulations permit ARC transfers only to another ARC. GMR restructured ₹2,353 crore debt, with a ₹395 crore equity infusion and a 9% floating rate over 20 years. Read The Rest at :
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.
