Hero Realty has secured Rs 1,200 crore in debt from IndusInd Bank to fund its expansion drive. The firm has also set up a Rs 1,000 crore platform with HDFC Capital Advisors for housing projects across tier-1 and tier-2 cities. Expansion includes the National Capital Region and other states, with development spanning over 6 million square feet.
Mindspace Business Parks REIT has raised Rs 500 crore through a 10-year NCD issue, priced at a 7.63% coupon. The offer was fully subscribed by an insurer. The funds will be used to refinance existing debt, improve cost predictability, and strengthen long-term financial stability supported by strong credit ratings.
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Kumar Mangalam Birla has resumed his role as non-executive chairman of Vodafone Idea as the telecom firm attempts a turnaround. With government relief and planned $5 billion capex, Vi is looking to secure debt funding and target sharp growth in revenues and EBITDA, positioning itself for India’s digital future.
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