The funds raised through this issuance will be utilised by the company to refinance upcoming maturities of Cyrus Investment Pvt Ltd debt, prepay Sterling Investment Corp Pvt Ltd debt amounting to ₹3,300 crore ($406 million), and fund other group debt obligations with ₹2,976 crore ($363 million). Additionally, the debt will be used to prepay ₹3,250 crore borrowed from Ares SSG and Farallon, which includes ₹2,300 crore of principal and ₹950 crore of interest payment.from Banking/Finance-Industry-Economic Times https://ift.tt/7UBPDx5
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