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The regulator said banks are allowed to refinance a target company's existing debt where such refinancing is "integral to the acquisition finance."
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News and Media
Two banks have already shown interest. Bank of Baroda and ICICI Bank's applications have come, Axis Bank's is a work-in-progress, and a consortium led by Union Bank and Daiichi is also exploring participation, PFRDA chairman Sivasubramanian Ramann said.
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News and Media
Mizuho Bank aims to build a Japan-India investment corridor using its banking strength and the Avendus Capital acquisition, as CEO Masahiko Kato highlights rising Japanese investor interest and Indias growing strategic appeal.
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News and Media
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