{"id":6933,"date":"2007-12-26T00:00:00","date_gmt":"2007-12-26T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"dunlop-raises-90-million-from-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2007\/dunlop-raises-90-million-from-hedge-funds.html","title":{"rendered":"Dunlop raises $90 million from hedge funds"},"content":{"rendered":"<table class=\"TableClas\" cellspacing=\"0\" cellpadding=\"0\" border=\"0\">\n<tr>\n<td>      Business Standard- Dunlop India, a Ruia group company, has raised $90 million (around Rs 360 crore) from a consortium of offshore hedge funds to restructure loan and to meet other corporate      needs.    <\/td>\n<\/tr>\n<tr>\n<td height=\"5\">      &nbsp;    <\/td>\n<\/tr>\n<tr>\n<td>      The structured deal offers the funds an option to pick up to 15 per cent stake in the tyre maker.    <\/td>\n<\/tr>\n<tr>\n<td height=\"5\">      &nbsp;    <\/td>\n<\/tr>\n<tr>\n<td>      \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cWe have recently signed a deal with a clutch of offshore hedge funds headed by Spinnakar Capital Group to raise a loan of $90 million. We have also raised Rs 121 crore from Deutsche Bank,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d      Dunlop Chairman Pawan Kumar Ruia told PTI.    <\/td>\n<\/tr>\n<tr>\n<td height=\"5\">      &nbsp;    <\/td>\n<\/tr>\n<tr>\n<td>      The loan was raised by Dil Rim and Wheel (DRW), the Mauritius-based holding company of Dunlop India and Falcon Tyres, which bought the companies from the Chabbrias for Rs 200 crore.    <\/td>\n<\/tr>\n<tr>\n<td height=\"5\">      &nbsp;    <\/td>\n<\/tr>\n<tr>\n<td>      To facilitate the loan, DRW has undertaken structural changes with the assets of the company.    <\/td>\n<\/tr>\n<\/table>\n<p><a href=\"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/3-0&amp;fd=R&amp;url=http:\/\/www.business-standard.com\/compindustry\/storypage.php%3Fleftnm%3D1%26subLeft%3D1%26chklogin%3DN%26autono%3D308499%26tab%3Dr&amp;cid=1125331951&amp;ei=70RyR6v4OY2uqwPgwpi6Dg\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business Standard- Dunlop India, a Ruia group company, has raised $90 million (around Rs 360 crore) from a consortium of offshore hedge funds to restructure loan and to meet other corporate needs. &nbsp; The structured deal offers the funds an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6933","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6933"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6933\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}