Jyothy Laboratories Ltd. has raised INR 5.50 billion through a 5-year-loan from Axis Bank to refinance part of the debt it incurred to acquire a controlling stake in the Indian unit of Henkel AG. The loan, which carries a floating interest rate of 11.25%, has a principal moratorium period of 18 months. Jyothy Laboratories Ltd. took on short-term debt for the Henkel buyout from ICICI Bank, Kotak Mahindra Bank and Axis Bank.