A dozen bidders have shown interest for the securities business of Infrastructure Leasing & Financial Services (IL&FS), including lenders HDFC Bank, ICICI Bank, Axis Bank and Rakesh Jhunjhunwala’s private equity firm Rare
NTPC has signed term loan agreement for ₹1500 crore with HDFC Bank Limited on 10th July, 2018. The loan facility is extended at an interest rate linked to 3- months MCLR of the Bank. This loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC.
A squabble between banks and Indian Railway Catering and Tourism Corporation (IRCTC) over fees has resulted in the latter disallowing a number of lenders from using its payment gateway for debit cards.
Wind power solutions company Inox Wind is headed for insolvency after the National Company Law Tribunal’s (NCLT) Chandigarh bench ordered the commencement of the process in response to an operational creditor’s plea, in the first such case in the renewable energy sector.
Anil Agarwal-owned Vedanta announced a rejig in its directorate, appointing Aman Mehta as additional director and non-executive independent director and Agarwal’s daughter, Priya Agarwal as additional director and non -executive director with effect from May 17, 2017.