CFM acquires GMR Rajahmundry Energy debt from Edelweiss ARC

CFM acquired GMR Rajahmundry Energy's debt from Edelweiss ARC on June 30. Edelweiss bought ₹458 crore debt from IDFC Bank in 2018. Unmet return expectations led to Edelweiss exiting. Regulations permit ARC transfers only to another ARC. GMR restructured ₹2,353 crore debt, with a ₹395 crore equity infusion and a 9% floating rate over 20 years.