Short, practical insights on Indian corporate debt — what's changing, what to watch, how it affects ₹100 Cr+ promoters. Written by senior bankers, not content marketers.
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SOFR has stabilised, and for natural-hedge IT/SaaS exporters, ECB pricing is now 200-300 bps below equivalent rupee debt. How to evaluate the structural switch.
Sole-banker arrangements above ₹500 Cr concentrate risk on both sides — without unlocking pricing pressure. Why consortium structures usually win.
RERA mandates 70% of receivables in escrow; lenders want 100%. The single-escrow structure that satisfies both regulators and the construction finance lender.
How NSDL/CDSL pledge structures keep voting rights with the promoter until default — and the margin call mechanics that protect against forced sales.
IFSC branch tax treatment + simplified FEMA compliance + competitive lender pricing — the three drivers behind cheaper ECB through GIFT City.
PE rounds price equity at 22-30% IRR. Mezz at 14-18% IRR is 6-15 points cheaper. The math for when mezz preserves promoter upside better than equity dilution.
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