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DEBT | 4 December 2012    1 Comment

Blackstone Backed Jagran Prakashan To Raise Funds

by Paritosh Gajjar
 
@Paritosh
Publisher of 'Dainik Jagran', @Jagran, is set to raise R150 Cr through issue of secured NCDs.

The BSE filing by the company said the fund would be utilized to add to the long term resources and retirement of its high interest bearing short-term debt.

The NCD issue is rated Crisil AA+/Stable and the firm’s short-term rating have a rating of Crisil A1+.

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Zipdial Mobile Solutions Private Limited, a mobile solution startup in Bangalore has secured seed investment from 500Startups, US based early stage seed fund and incubator.

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Nexus Venture Buys Stake In Startup Function Space

Pune based education startup Function Space has raised an undisclosed amount of funding in seed round from Nexus India Capital to strengthen its existing content and also increase its current userbase.

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