IndiaRF Fund: IndiaRF Fund borrows Rs 700 crore from Axis Bank for Ind Swift buyout
Mumbai: Axis Bank has funded India Resurgence Fund’s (IndiaRF Fund) acquisition of Ind Swift Laboratories by the buyout fund promoted by Bain Capital and Piramal Enterprises. Axis Bank has lent ₹700 crore as secured debt. IndiaRF Fund has borrowed senior debt of ₹700 crore from Axis Bank and used equity and mezzanine debt from its … Read more