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.
RVNL shares surge 7% after incorporating wholly-owned subsidiary in Andhra Pradesh
Rail Vikas Nigam Limited shares saw a surge. This followed the announcement of a new wholly owned subsidiary. The subsidiary is named Sabbavaram Sheelanagar Road