Kotak Mahindra Bank arm invests Rs 5.50 bn in Sanghi Cement maker
ECONOMY & POLICY

Kotak Mahindra Bank arm invests Rs 5.50 bn in Sanghi Cement maker

Kotak Mahindra Bank arm announced that it has invested Rs 5.50 billion in Sanghi Industries Group by subscribing to non-convertible debentures of the cement-making company and its promoter grouping.

Kotak Special Situations Fund's infusion will correct Sanghi Industries' capital structure, help the company's liquidity profile, and enhance its operations, according to a statement.

The investments being done from a USD 1 billion fund by KSSF will include Rs 5 billion in the NCDs of Sanghi Industries (SIL) and the remaining Rs 500 million in the NCDs of a company owned by the promoters of SIL which in turn will be infused into the company.

With this deal, KSSF has completed 13 deals and deployed over Rs 6.3 billion, the statement said.

Also Read
Hyderabad’s Airport Metro to be a wholly separate line
MMRDA builds Metro 1-Metro 7 FOB in record 15 days

Kotak Mahindra Bank arm announced that it has invested Rs 5.50 billion in Sanghi Industries Group by subscribing to non-convertible debentures of the cement-making company and its promoter grouping. Kotak Special Situations Fund's infusion will correct Sanghi Industries' capital structure, help the company's liquidity profile, and enhance its operations, according to a statement. The investments being done from a USD 1 billion fund by KSSF will include Rs 5 billion in the NCDs of Sanghi Industries (SIL) and the remaining Rs 500 million in the NCDs of a company owned by the promoters of SIL which in turn will be infused into the company. With this deal, KSSF has completed 13 deals and deployed over Rs 6.3 billion, the statement said. Also Read Hyderabad’s Airport Metro to be a wholly separate line MMRDA builds Metro 1-Metro 7 FOB in record 15 days

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code