Infra.Market raises Rs 1,250 crore in debt ahead of IPO

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Infra.Market, an online marketplace for construction materials, is raising up to Rs 1,250 crore in debt from Singapore-based private credit platform Ascertis Credit.

The Mumbai-based company has secured shareholder approval to issue up to 1.25 lakh non-convertible debentures (NCDs) with a face value of Rs 1 lakh each, filings with the registrar of companies (RoC) showed.

The development comes as Infra.Market recently received approval from the Securities and Exchange Board of India (Sebi) for its proposed Rs 5,000 crore initial public offering…



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Infra.Market raises Rs 1,250 crore in debt ahead of IPO



Infra.Market, an online marketplace for construction materials, is raising up to Rs 1,250 crore in debt from Singapore-based private credit platform Ascertis Credit.

The Mumbai-based company has secured shareholder approval to issue up to 1.25 lakh non-convertible debentures (NCDs) with a face value of Rs 1 lakh each, filings with the registrar of companies (RoC) showed.

The development comes as Infra.Market recently received approval from the Securities and Exchange Board of India (Sebi) for its proposed Rs 5,000 crore initial public offering…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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