Mumbai-based Infra.Market is set to raise Rs 1,250 crore in debt months after filing confidential IPO papers, offering company assets and stakes held by the company’s promoters, as collateral.
The company’s board has passed a special resolution, approving the issuance of up to 125,000 non-convertible debentures at a face value of Rs 1,00,000 each via private placement to raise upto Rs 1,250 crore.
Out of the total, the company has raised Rs 700 crore from Singapore-based private credit platform Ascertis Credit, via issuing 70,000 non-convertible…

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