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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+.

Mumbai Angels Backed Zipdial Raises Seed Investment

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.

Read More...

Ace Investor Rakesh Jhunjhunwala Backs Remedinet Technologies

Ace investor Rakesh Jhunjhunwala has invested an undisclosed amount in Remedinet Technologies, software firm which provides solutions to manage pre-authorised payments. The round also saw the participation of existing investors - Bessemer Venture Partners and Nirvana Venture Advisors Private Limited.

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