An Andhra-based investor will bring in 70 crore rupees via fresh equity to TilakNagar Industries. Edelweiss will convert 30 crore rupees of debt into equity and restructure 500 crore rupees of debt at 344 crore rupees with an interest rate of 9%. State Bank of India will settle 287 crore rupees of debt for 65 crore rupees and IDBI will settle 44 crore rupees of debt for 16 crore rupees. Edelweiss will carry 140 crore rupees interest-free, to be waived after 4 years subject to certain conditions. This will reduce TilakNagar Industries