BDO.LiveSite.Deals.DealTypeCapital markets
BDO.LiveSite.Deals.IndustryBusiness Services
BDO.LiveSite.Deals.ClientNameInnovative Infocom & IT Parks
The BDO Corporate Finance team in India provided fundraising support and advice to Innovative Infocom & IT Parks on their INR 800 million (c. USD 10 million) debt raised from a domestic bank in India.
Fundraise will significantly reduce borrowing costs and provide better liquidity to expand its co-location data centre infrastructure in Navi Mumbai, India.
Innovative Group is a real estate developer and business services player based out of Mumbai, India. Innovative Group is into various businesses such as developing technology parks, residential and commercial real estate development and education institutions. The Group has developed more than 1 million square feet across Mumbai, Pune, Kolhapur and Solapur.