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India Tech News
India Tech News
@india@mastodonapp.uk  ·  activity timestamp 3 days ago

Infra.Market, a B2B e-commerce platform for construction materials, has raised Rs 1,250 crore in debt ahead of its IPO: The debentures will be secured through hypothecation of company assets and promoter shareholding, with funds mostly used to refinance existing borrowings. https://economictimes.indiatimes.com/tech/technology/infra-market-raises-rs-1250-crore-in-debt-ahead-of-ipo/articleshow/128757014.cms #India #IndianTech #TechNews #Ecommerce #Startup

The Economic Times

Infra.Market raises Rs 1,250 crore in debt ahead of IPO - The Economic Times

The debentures will be secured through hypothecation of certain company assets and pledge of promoter shareholding and shares of group companies, including RDC Concrete, Neptune Readymix, and Robo Quarries. The funds will mostly be used to refinance existing borrowings.
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