GMR Energy has secured ₹1,600 crore through high-yield debt at 14.85%, attracting investors like Allianz Global and Trust. The funds will be used to refinance existing loans and expand intra-group lending. GMR Group is also set to increase its stake in GMR Energy to almost 99%, making it a fully owned subsidiary, after acquiring stakes from Tenaga Nasional and Temasek.
Pristine Logistics confidentially files IPO docs with Sebi
Pristine Logistics and Infraprojects has confidentially filed its DRHP with Sebi for an IPO. The rail-focused multimodal logistics company is expanding terminals, warehousing and cargo