Srei Equipment Finance, UCO Bank to co-lend through iQuippo platform
Varde-Arena emerges as highest bidder for Srei
The Varde Partners-Arena consortium emerged as the highest bidder after submitting a revised bid with an additional cash component of Rs 36 billion for the two Srei group of companies under the insolvency and bankruptcy process.
It previously offered a marginally higher cash component, which was higher than National Asset Reconstruction Company Ltd (NARCL) and Authum, which were second and third on that count, respectively.
On December 5th, the bid for Srei Infrastructure Finance (SIFL) and Srei Equipment Finance (SEFL) expired.
In total, the Varde-Arena consortium h..
NARCL emerges as the highest bidder for SREI
National Asset Reconstruction Company (NARCL) emerged as the highest bidder in the auction for two finance companies - SREI Infrastructure Finance and SREI Equipment Finance – which began on Tuesday. NARCL's bid was the highest with a Net Present Value (NPV) of Rs 55.55 billion.
NARCL's bid reportedly includes upfront cash of Rs 30 billion and issuance of optionally convertible bonds worth Rs 60 billion.
Three bidders - Varde Partners and Arena consortium, NARCL and Authum Investment and Infrastructure – were in the fray in the auction which was held on an electronic..
NARCL emerges as the highest bidder for SREI
National Asset Reconstruction Company (NARCL) emerged as the highest bidder in the auction for two finance companies - SREI Infrastructure Finance and SREI Equipment Finance – which began on Tuesday. NARCL's bid was the highest with a Net Present Value (NPV) of Rs 55.55 billion.
NARCL's bid reportedly includes upfront cash of Rs 30 billion and issuance of optionally convertible bonds worth Rs 60 billion.
Three bidders - Varde Partners and Arena consortium, NARCL and Authum Investment and Infrastructure – were in the fray in the auction which was held on an electronic..
India Surpasses Australia, Japan, and Singapore in Data centre Capacity
India has surpassed Australia, Japan, and Singapore in data centre capacity, cementing its position as a prominent player in the global digital infrastructure landscape. The country's rapid advancement in data centre infrastructure underscores its growing significance in the digital economy.
The surge in data centre capacity is attributed to several factors, including increasing internet penetration, rising demand for digital services, and government initiatives to promote digitalization. As businesses and consumers alike embrace digital technologies, the need for robust data infrastru..
India's data center industry growth to double by 2026; reach 2,000 MW
India's data centre industry is experiencing explosive growth, driven by the country's rapid digitisation. CareEdge Ratings predicts a data centre capacity surge, doubling to 2,000 MW by 2026. This expansion will attract significant investments, with an estimated Rs 500 billion flowing in over the next three years.
The data centre growth is driving/attracting large scale investments in the expansion of the network connectivity ecosystem which is critical for high volume data transfer at low latency levels. It is imperative that for such large-scale capacity addition, data centre playe..