Tuesday, December 1, 2020

Goldman Sachs-led group offers Rs 1,800 crore lifeline to Birla Group's Kesoram

Goldman along with an Edelweiss fund have agreed to infuse Rs 1,600 crore in the form of 5 year debentures. Another Rs 200 crore will be used for working capital requirements and other general corporate purposes as part of RBI's resolution plan for stressed assets. There is a possibility of a third investor but that is not yet finalised.

source https://economictimes.indiatimes.com/industry/banking/finance/goldman-sachs-led-group-offers-rs-1800-crore-lifeline-to-birla-groups-kesoram/articleshow/79522732.cms

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