BlackRock is negotiating to invest $45 million in Udaan as part of a $160 million financing effort to prevent insolvency.

Around $45 million will come as debt from US asset management giant BlackRock's credit platform, while the remainder involves certain bondholders converting their debt into equity…

Blackrock, worlds largest asset manager has agreed to provide $45 million of fresh credit facility. The restructuring will also include upfront cash payouts, issuance of new…