Kesoram Seeks To Refinance Rs.1,800 Cr Of High-Cost Debt

Mumbai: According to two sources with knowledge of the situation, Kesoram Industries (KIL), a BK Birla group company, has chosen IndusInd Bank to refinance its $1,800 crore in debt that was raised at a 20.75% interest rate in 2021. "IndusInd Bank has the exclusive mandate to arrange refinancing from private banks and private credit funds for KIL to refinance the high-cost debt," the source said.