Indian social media sharechat recently obtained a debt financing of US $100 million provided by Tencent. This debt financing consists of a total of 2147 d-round OCD bonds, which are issued to two Dutch special purpose institutions named zennis capital B.V and hlodyn B.V, both created by Tencent.
After this offering, Tencent’s shareholding in sharechat increased to 17.71%, while the collective equity of the latter was diluted to less than 11.55%.
According to tianyancha app, sharechat was established in 2015 as a social platform with Indian dialect, with nearly 200 million active users. Eight Indian dialects are supported, such as Hindi, Marathi, Malayalam, Telugu, Punjabi and Oriya.
After this offering, Tencent’s shareholding in sharechat increased to 17.71%, while the collective equity of the latter was diluted to less than 11.55%.
According to tianyancha app, sharechat was established in 2015 as a social platform with Indian dialect, with nearly 200 million active users. Eight Indian dialects are supported, such as Hindi, Marathi, Malayalam, Telugu, Punjabi and Oriya.
