Byju’s has raised a ₹2,000-crore structured credit transaction from Davidson Kempner Capital. The transaction is a three-year loan facility with an equity upside linked to Aakash’s planned IPO, which roughly translates to a 12% annualised fixed coupon rate for the company.
S&P 500 futures sank over 3.5% while contracts on the Nasdaq 100 slid 4.5%. Shares in Australia, Japan and South Korea tumbled at the open
Manappuram Finance surged 17% in a month as Bain Capital’s Rs 4,385 crore investment boosts governance and growth prospects. Analysts upgrade stock, expecting expansion in
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