MUMBAI: Franklin Templeton India’s six debt schemes, which wound up on 23 April, have received around ₹2,000 crore in repayments/prepayments from underlying bonds, according to two people with direct knowledge of the matter. “Some of the bond issuers who have made some prepayments include Xander Financial, Hero Solar Energy, some renewable sector companies and energy companies.
The amounts of ₹2,000 crore has gone towards extinguishing bank liabilities," said one of the two persons quoted above. The six schemes had borrowed money from banks to meet redemption pressures and money realised from the prepayments have been used to extinguish this debt.