The $850 million private credit facility from Standard Chartered Bank, which carries a high interest rate of 18%, is secured against future brand fee receivables. These brand fees, projected at around $300 million annually, help VRL with a recurring revenue stream that partially services this private credit.
IREDA shares dip 3% after reporting Q3 results
IREDA share price: In Q3FY25, total revenue from operations rose by 35.6% year-on-year, reaching Rs 1,698.45 crore, compared to Rs 1,252.85 crore in the same