DEBT

GVK Power And Infrastructure Limited is planning to raise R1200Cr debt for the Alaknanda hydel power project and also planning to pump additional R300Cr equity.

Snowman Logistics is raising $6.5Mn long term debt from IFC for expanding it's storage facilities across the country.

SKS Microfinance Limited has raised R100Cr loan from Small Industries Development Bank of India. The loan tenure is of three-year loan at 13.5% interest.

Shriram Group's renewable energy unit - Beta Wind Farm Pvt Ltd has raised $249Mn in rupee and dollar loans from banks for projects in AP and Gujarat.

Ion Exchange is raising $5Mn debt financing from IFC for expanding it's production capacities for resins and chemicals used in water and wastewater treatment, upgrade its resin pharma facility to make it US FDA compliant, upgrade its own ETP facilities located at Patancheru in AP and Ankleshwar in Gujarat and renovation of existing buildings and branch offices located at various locations.

Mumbai-based Prism Informatics is planning to raise funds by issue of of 11% 1301050 non cumulative compulsorily convertible debentures.

Jyothy Labs has raised $110Mn through a 5 year loan from Axis Bank to refinance part of the debt it took to acquire a controlling stake in the Indian unit of Henkel AG.

Ujjivan Financial Services has raised R29Cr by issuing NCDs to US based Developing World Markets. With this issue, Ujjivan has raised R84Cr in 2011-12.

Golden Gate Properties has raised R200Cr from JM Financial by issuing NCDs. The funds will be used to revive Golden Grand, the developer’s signature residential project in Bangalore.