{"id":425659,"date":"2021-07-13T10:34:28","date_gmt":"2021-07-13T05:04:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=425659"},"modified":"2021-07-13T11:25:22","modified_gmt":"2021-07-13T05:55:22","slug":"ola-electric-signs-pact-with-bank-of-baroda-to-raise-100-million-in-long-term-debt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ola-electric-signs-pact-with-bank-of-baroda-to-raise-100-million-in-long-term-debt\/","title":{"rendered":"Ola Electric signs pact with Bank of Baroda to raise $100 million in long-term debt"},"content":{"rendered":"<p>Ola Electric on Monday said it has signed a USD 100 million (about Rs 744.5 crore) 10 year-term debt financing agreement with Bank of Baroda.<\/p>\n<p>The 10-year debt of USD 100 million is towards the funding and financial closure of phase I of Ola Futurefactory \u2013 its global manufacturing hub for electric two-wheelers, a statement said.<\/p>\n<p>Ola had, in December last year, said it will invest Rs 2,400 crore for setting up phase I of the factory. <\/p>\n<p>\u201cToday\u2019s agreement for long term debt financing between Ola and Bank of Baroda signals the confidence of the institutional lenders in our plans to build the world\u2019s largest two-wheeler factory in record time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ola Electric on Monday said it has signed a USD 100 million (about Rs 744.5 crore) 10 year-term debt financing agreement with Bank of Baroda. The 10-year debt of USD 100 million is towards the funding and financial closure of phase I of Ola Futurefactory \u2013 its global manufacturing hub for electric two-wheelers, a statement said. Ola had, in December last year, said it will invest Rs 2,400 crore for setting up phase I of the factory. \u201cToday\u2019s agreement for long term debt financing between Ola and Bank of Baroda signals the confidence of the institutional lenders in our plans [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-425659","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/425659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=425659"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/425659\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=425659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=425659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=425659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}