MCap-backed Jyothy Labs secures $110m loan
Jyothy Laboratories, the Indian consumer products maker backed by MCap Fund Advisors, has raised an INR5.5 billion ($110 million) loan to refinance its debt.
The five-year loan, provided by Axis Bank, will pay down part of the debt Jyothy incurred to buy a majority stake in the Indian subsidiary of Henkel, managing director Ullas Kamath told Reuters. MCap...
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