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OVL raises $2.5 bn in foreign loans to fund Mozambique buy

The company had in August last year bought US energy major Anadarko Corp's 10 per cent stake in the Mozambique gas field for USD 2.6 billion. The loan it has raised will fund that acquisition.
May restructure debt via foreign loans, ECBs: Unity Infra

Madhav Nadkarni, CEO, Unity Infra Projects in an interview with CNBC-TV18 said that the interest costs have increased by 300-350bps in the last one year. It is looking to restructure debt through foreign loans or external commercial borrowings (ECBs) so that interest cost can be brought under control.

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