{"id":599816,"date":"2023-08-28T09:14:42","date_gmt":"2023-08-28T03:44:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=599816"},"modified":"2023-08-28T09:29:24","modified_gmt":"2023-08-28T03:59:24","slug":"shrem-invit-scraps-plans-for-ncds-opts-for-loan-to-acquire-10-road-spvs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/shrem-invit-scraps-plans-for-ncds-opts-for-loan-to-acquire-10-road-spvs\/","title":{"rendered":"Shrem InvIT scraps plans for NCDs; opts for loan to acquire 10 road SPVs"},"content":{"rendered":"<p>Shrem InvIT has abandoned its plan to raise Rs 1,000 crore via debentures to complete the acquisition of 10 special purpose vehicles (SPVs) associated with roads belonging to Dilip Buildcon Ltd. The Infrastructure Investment Trust (InvIT) will instead raise Rs 860 crore through term loans, citing this approach as financially more efficient for completing transactions.<\/p>\n<p>Existing term loan lenders have sanctioned credit to be used for the acquisition of the promoter&#8217;s stake, repayment of unsecured loans, and settling debts with senior creditors of identified SPVs. These SPVs are part of the 10 new SPVs involved in the deal. State Bank of India and Union Bank are significant lenders to Shrem InvIT, with an exposure in the region of Rs 5,500 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shrem InvIT has abandoned its plan to raise Rs 1,000 crore via debentures to complete the acquisition of 10 special purpose vehicles (SPVs) associated with roads belonging to Dilip Buildcon Ltd. The Infrastructure Investment Trust (InvIT) will instead raise Rs 860 crore through term loans, citing this approach as financially more efficient for completing transactions. Existing term loan lenders have sanctioned credit to be used for the acquisition of the promoter&#8217;s stake, repayment of unsecured loans, and settling debts with senior creditors of identified SPVs. These SPVs are part of the 10 new SPVs involved in the deal. State Bank [&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":[135,130,168],"tags":[],"class_list":["post-599816","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/599816","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=599816"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/599816\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=599816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=599816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=599816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}