CleanMax Solar refinances debt to pay back KKR

March 2019

CleanMax Enviro Energy Solutions Private Limited, which undertakes solar rooftop projects, has secured Rs 1.58 billion from PTC India Financial Services Limited, a listed non-banking financial company focused on the power sector. CleanMax will use […]

Jet Airways poised to get emergency loan

February 2019

According to reports, Jet Airways is expected to receive emergency funding of Rs 6 billion ($85 million) in a move to avert a financial crisis. Banks, led by SBI, have planned to provide the funds […]

PNB extends Rs 5 billion loan to EESL

January 2019

Energy Efficiency Services Limited (EESL) has raised its first long-term rupee loan for Rs 5 billion. The loan, issued by Punjab National Bank (PNB), will be utilised for funding capital expenditure of EESL’s flagship programmes […]

Government prepares new revival plan for Air India

November 2018

The government has prepared a new revival plan for Air India which involves transferring the airline’s working capital debt of about Rs 290 billion to a special purpose vehicle, Air India Assets Holding Limited. At […]

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