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Defaulter Kesoram Industries To Raise Debt From Stressed Asset Investors
Defaulter Kesoram Industries Ltd. is looking to raise funds from stressed asset investors to pay down banks.
15 Mar 2021, 11:28 AM IST
India’s Kesoram Industries Ltd., which is in default of its debt obligations, is in talks to raise funds to refinance existing dues.The company will raise five-year optionally convertible debentures worth Rs 2,100 crore via private placement from a consortium of three investors — Goldman Sachs, Edelweiss Alternative Asset Advisors Ltd. and U.S.-based private equity firm Cerberus Capital Management, according to three people aware of ...
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