Neo Asset Management refinances Steel Exchange India’s loan
Steel Exchange also plans to issue convertible equity warrants to non-promoter entities, including Neo Special Credit Opportunities Fund, True North Credit Opportunities Fund, Kolluri Impex, Shakti International and two other funds, infusing a total of ₹164 crore in fresh capital.
Shriram Finance to tap ABS route to raise $500 million overseas
The non-banking financial company (NBFC) plans to securitise part of its loan portfolio and then sell it to international investors, with major global banks set to meet investors in Hong Kong and Singapore this week to arrange the transaction, said people with knowledge of the matter.
Doms has a strong growth record, can be a good bet
Doms Industries has reported a strong growth over the past four years by expanding the product portfolio and offering products at attractive price points. The company sells 75% of products to general trade on a cash and carry model, resulting in one of the lowest working capital days in the sector.