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Edelweiss Special Opportunities Fund has extended a Rs 350 crore debt facility to Bengaluru s Shreshta Infra Projects. The funding will aid completion of two projects and repay debt to Oaktree Capital. The facility comprises secured and rated non-convertible bonds at 20.5% annual interest, with a 41-month and 24-day tenor. Shreshta Infra, an Adarsh Developers special purpose vehicle, plans to on-lend Rs 200 crore to its affiliates and allocate the remaining Rs 150 crore for project financing and general corporate purposes, providing a financial blueprint for future real estate ventures. ....
Final settlement reached in Illinois VRDO rate-rigging lawsuit americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
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