The firm had plans to raise ₹6,250 crore via its IPO but had deferred the issue, citing market conditions and strategic considerations. At that time, the company had said that it would instead raise funds from existing shareholders via a rights issue
Michigan Startup NOXX Closes on $15 Million Debt Raise to Bring Inclusive Cannabis Retail Experience to Life. Agreement with Altmore Capital Will. #AltmoreCapital #FortyAcresEnterprises #michigan
Mumbai (Maharashtra) [India], August 10 (ANI/ATK): Red Fort Capital NBFC received an Investment Grade Rating BBB- from CARE for Long-term bank facilities of Rs 50 Cr. CARE's credit rating highlights Red Fort's meticulous underwriting, institutional network strength, comfortable capital adequacy, and CEO Parry Singh's investing experience. Red Fort Capital NBFC provides Business Credit with a quick turnaround time - typically within 7 days. The Red Fort NBFC finances receivables, equipment & machinery purchase, working capital, and construction. The NBFC has a well-diversified portfolio with loans in SMEs, industrial parks, FMCG, and logistics companies. Business Credit has a huge unmet demand in India. Small business owners need a quick turn around on loans - to capitalize on time-sensitive opportunities. However, Business Credit is complex to underwrite & requires extensive monitoring. While other formal lenders tend to shy away due to difficulties in assessing a b
Annapurna Finance raised EURO 15 mn of senior debt from OeEB the Development Bank of Austria, this facility will provide financial assistance to its clients in microfinance space. EMGA advised on the transaction. The EUR 15 million debt facility comes at a time when financial institutions world-wide are exploring new cross-border funding options to further deliver on their
The Viridian Cannabis Deal Tracker is an information service that monitors capital raise and M&A activity in the legal cannabis industry. Each week the Tracker analyzes/aggregates all closed deals and allocates each transaction to one of twelve key industry sectors in which the deal occurred (from Cultivation to Brands), the region in which the deal occurred (country or U.S. state), the status of the company announcing the transaction (public vs. private) and the type of deal structure (equity vs. debt).
The Viridian Cannabis Deal Tracker provides the deal data/terms/valuations/structures and market intelligence that cannabis companies, investors, and acquirers utilize to make informed decisions regarding capital and M&A strategy. Since its inception in 2015, the Viridian Cannabis Deal Tracker has tracked and analyzed more than 2,500 capital raises and 1,000 M&A transactions totaling over $45 billion in aggregate value. Find it exclusively on Benzinga Cannabis every week!