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Avaada Energy said it has closed $535 million in refinancing from the state-owned National Bank for Financing Infrastructure and Development.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Avaada Energy on Thursday said it closed a refinancing deal of Rs 4,471 crore with National Bank for Financing Infrastructure and Development (NaBFID) for its four solar projects in Rajasthan. The financing from NaBFID will enable Avaada Energy to prepay existing loans to multiple lenders. The facility, sanctioned and disbursed as a 20-year rupee term loan, achieves significant commercial improvements over the earlier facilities prepaid, the company said in a statement.

Find out about the businessman who is a member of Mukesh Ambani-led Reliance's Board of Directors, and is running a Rs 2 lakh crore company...

NaBFID to be regulated as AIFI under RBI Act : Rashtra News #NaBFID #regulated #AIFI #RBI #Act The Reserve Bank on Tuesday said NaBFID will be regulated and supervised as an All India Financial Institution by it under the RBI Act, 1934. The National Bank for Financing Infrastructure and Development (NaBFID) Act, 2021, received the