Avaada Ventures plans to raise funds through NCDs and external borrowing. The company will issue rupee-denominated debentures and secure foreign currency loans. These funds will primarily refinance existing liabilities and meet corporate needs. Proceeds will pay Brookfield investment and retire outstanding commercial paper. Avaada aims to complete a monetisation event within eighteen months.
Market Samachar is a news aggregator. This article was originally published by Stocks-Markets-Economic Times. Tap the button above to read the full story on their site.