Articles for tag: financing, interest, loan

Rajiv Sharma

Business
Mukesh Ambani's Reliance secures $3 billion loan from 11 banks

Mukesh Ambani’s Reliance secures $3 billion loan from 11 banks

Last month, a deal was finalized for a 5-year loan that could have significant ramifications for the borrowing company. The loan is structured to be repaid with interest calculated at a margin of 120 basis points above the three-month Secured Overnight Financing Rate (SOFR), which is a benchmark interest rate for dollar-denominated transactions. Understanding the ...

Rajiv Sharma

Business
FIR against SpiceJet promoter Ajay Singh: Full details explained

FIR against SpiceJet promoter Ajay Singh: Full details explained

In a significant development concerning corporate financing and regulatory compliance, SpiceJet has come under scrutiny following a complaint from the Employees’ Provident Fund Organisation (EPFO). This complaint led to the filing of a First Information Report (FIR) just before the airline intended to raise new funds through a Qualified Institutional Placement (QIP). This article delves ...