Mytrah Energy India Ltd has raised R100Cr – mezzanine funding from PTC India Financial Services Ltd.
This was the third tranche of funding received by the Mytrah as part of a total mezzanine funding to $132 million.
There would be no equity dilution for Mytrah Energy's existing shareholders from the funding. The Group expects to repurchase all tranches of mezzanine funding from internal cash flows and the issue of senior debt instruments, bonds or other debt refinancing, within three to five years.
Mumbai based logistics firm Bhoruka Logistics Pvt. Ltd. is in talks with strategic investors and private equity (PE) players to raise Rs 100 crore ($15 million). The company has a nationwide presence in dry and cold chain solutions.