Saikat Das

Mumbai

News Correspondent at Bloomberg News

Currently employed with @Bloomberg. Served @economictimes for nearly a decade. Write on credit, corporate finance, banking and markets. No endorsement!

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Articles

KKR-Backed InCred’s Private Credit Arm to Raise $174 Million

1 week ago | bloomberg.com | Saikat Das |Nic Querolo

The KKR & Co. logo on a smartphone. Photographer: Gabby Jones/Bloomberg(Bloomberg) -- The credit arm of KKR & Co.-backed shadow lender InCred Financial Services plans to raise 15 billion rupees ($174 million) through a new fund to tap growing demand for private credit, according to a company executive.
KKR-Backed InCred’s Private Credit Arm to Raise $174 Million

1 week ago | news.bloomberglaw.com | Saikat Das |Nic Querolo

The credit arm of KKR & Co.-backed shadow lender InCred Financial Services plans to raise 15 billion rupees ($174 million) through a new fund to tap growing demand for private credit, according to a company executive. InCred Alternative Investments Pvtwill lend to small and mid-size companies, preferably those backed by institutional investors, Saurabh Jhalaria, group’s chief investment officer, said in an interview last week.
KKR-Backed InCred’s Private Credit Arm to Raise $174 Million

1 week ago | news.bloombergtax.com | Saikat Das |Nic Querolo

The credit arm of KKR & Co.-backed shadow lender InCred Financial Services plans to raise 15 billion rupees ($174 million) through a new fund to tap growing demand for private credit, according to a company executive. InCred Alternative Investments Pvtwill lend to small and mid-size companies, preferably those backed by institutional investors, Saurabh Jhalaria, group’s chief investment officer, said in an interview last week.
India planning to bring 300 million new users onto UPI payments platform

1 week ago | business-standard.com | Preeti Singh |Saikat Das

By Preeti Singh and Saikat DasIndia plans to bring hundreds of millions of new users onto Unified Payments Interface, its real-time payments system, while pitching the platform for wider adoption overseas.
India Targets 300 Million New Users for UPI Payments Platform

1 week ago | bloomberg.com | Preeti Singh |Saikat Das

India plans to bring hundreds of millions of new users onto Unified Payments Interface, its real-time payments system, while pitching the platform for wider adoption overseas.
BlackRock Backs Adani’s $750 Million Bond to Fund An Acquisition

2 weeks ago | bloomberg.com | P R Sanjai |Saikat Das

The Adani Group headquarters in Ahmedabad, India. (Bloomberg) -- Adani Group raised about $750 million through an offshore private placement bond, according to people familiar with the matter. BlackRock Inc. subscribed to roughly a third as the Indian conglomerate sought funds to close the acquisition of a construction firm.
BlackRock Backs Adani’s $750 Million Bond to Fund An Acquisition

2 weeks ago | news.bloomberglaw.com | P R Sanjai |Saikat Das

Adani Group raised about $750 million through an offshore private placement bond, according to people familiar with the matter. BlackRock Inc. subscribed to roughly a third as the Indian conglomerate sought funds to close the acquisition of a construction firm. A group of international investors including BlackRock participated in the new bond issuance to support the acquisition of ITD Cementation India Ltd by Dubai-based Renew Exim DMCC, the Adani Group said Wednesday in a statement.
BlackRock Backs Adani’s $750 Million Bond to Fund An Acquisition

2 weeks ago | news.bloombergtax.com | P R Sanjai |Saikat Das

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BlackRock Backs Adani’s $750 Million Bond to Fund An Acquisition

2 weeks ago | flipboard.com | Sanjai P R |Saikat Das

6 hours agoCritics also suggested the “real reason” for the president’s tariffs. President Donald Trump was slammed Tuesday for what critics described as a classless claim about how foreign countries are responding to his tariffs, which have tanked stock markets. “I’m telling you, these countries are calling us …
Indian Cement Maker Nuvoco Seeks Private Loan for Takeover

2 weeks ago | news.bloombergtax.com | Kari Lindberg |Saikat Das

Nuvoco Vistas Corporation Ltd., among India’s largest cement makers, is seeking a private loan of about $140 million to back its purchase of rival, Vadraj Cement Ltd., according to people familiar with the matter. The facility will carry a tenor of between four to five years, the people said, who asked not to be identified discussing private matters.