India Digest: Medlife raising debt; BigBasket merges two core businesses

India Digest: Medlife raising debt; BigBasket merges two core businesses

An employee weighs tomatoes after packing them at a BigBasket warehouse on the outskirts of Mumbai November 4, 2014. REUTERS/Danish Siddiqui/Files

Medlife is close to raising Rs 400 crore in debt from its existing investor Prasid Uno Family Trust. BigBasket, in a separate development, has undertaken an internal restructuring exercise to merge its two core businesses to target deliveries under four hours.