Latest Articles in loan
Byju's Misses Loan Repayment Deadline, Sues TLB Lenders
The edtech platform claims that the TLB lenders attempted to deprive it of its contractual right to 'disqualify' lenders engaged principally in opportunistic trading in the Delaware proceedings
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Byju's Loan Repayment: Investors Set Deadline For $40mn Loan
The loan, which hit a record low of 64.5 cents on the dollar in September, is now trading at roughly 78 cents. The company missed deadlines for filing financial statements for the fiscal year ending March 31, being raided by ED
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PhonePe To Waive Off ZestMoney's $18 M Loan Against Buying Its Technology Stack: Report
After six months of due diligence raised concerns, PhonePe backed off from acquiring ZestMoney last month. The digital payment major was offering around USD 90 million in cash for the acquisition
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Byju's Lenders Seek $200 M Prepayment To Restructure $1.2 B Loan
Raveendran, the company's founder, has offered to increase the loan interest rate by 200-300 bps. The delay in posting the company's audited financials apparently prompted the renegotiation
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Edtech Startup Byju's Seeks More Time From Creditors To Repay $1.2 Bn Debt
The edtech startup is scrambling to appease creditors and investors who are already concerned about the startup's mounting losses. The India-based company has offered to raise new equity capital and provide creditors with a so-called quality of earnings report as well as cash verification statements from external auditors
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Evocus Gets Capital Loan Of Rs 10 Cr From Redfort Capital
Evocus, black alkaline water gets a capital loan of Rs 10 Cr from RedFort Capital Finance. Evocus is a D2C company based in Gujarat
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IndusInd Bank Raises $150 M Loan From DFC
IndusInd Bank raises a $150 million loan from Development Finance Corporation (DFC) to support women entrepreneurs. It aims at boosting access to finance for women borrowers, as well as uplifting the livelihoods of these women and their families
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Startups To Get Collateral Free Loans Under Credit Guarantee Scheme
Government notifies Credit Guarantee Scheme to provide collateral-free loans up to a specific limit for startups. The eligible startups would be covered on or after 6 October under the scheme
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Earlysalary Crosses Rs 5,000 Cr Loan Disbursement In December 2021
The company had launched EarlySalary Credit Suite to create a comprehensive credit solution that helps its aspirational customers meet all their financial needs easily and help upgrade their lifestyle.
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Credit Wise Capital Launches Twin2 To Provide 2-Wheeler Loans
Twin2 is a step forward in having a unified interface that stays the same for all customers.
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