India Digest: M3M India raises debt from Oaktree Capital; Sahajanand to sell stake

M3M India Ltd, a realty firm headquartered in Gurugram, has garnered as much as Rs 570 crore ($76 million) debt from American global asset management firm Oaktree Capital Management. In a separate development, in the country’s largest cardiac stent manufacturer Sahajanand Medical Technologies, the promoters along with two private equity investors plan to sell as much as 30 per cent stake to rake in $100-150 million.