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

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 86574 75330

Join us Telegram

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back