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Home Renewable

Ayana Renewable Secures ₹1.5 Billion from IL&FS Mutual Fund for Debt Refinancing

Palak by Palak
March 26, 2025
in Renewable
Reading Time: 1 min read
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Ayana Renewable
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Reportedly, Ayana Renewables has approved a plan to raise Rs 1.5 billion through the issuance of 1,500 non-convertible debentures at an issue price of Rs 1 million each to infrastructure leasing and financial services limited (IL&FS) mutual fund.

The proceeds will be utilised for debt refinancing, subsidiary support in renewable projects, interest payments, loans, and other eligible infrastructure needs. The debentures will have a tenure of three years from the date of initial drawdown.

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