Kotak Alts invests Rs 325 crore in Gainwell Group to expand manufacturing, mining businesses
Executive Brief • Key Highlights
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- ✓Kotak Alts invested Rs 325 crore in Gainwell Group on November 12 to fund business expansion and refinance debt.
- ✓Amit Jain, CEO of Kotak Yield & Growth Fund, said, "Our investment will provide flexible, long-term capital to support the Group's next phase of growth." The group operates across mining and manufacturing.
Story at a Glance
- Category
- Indian Markets
- Reported By
- MoneyControl
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Kotak Alternate Asset Managers (Kotak Alts) on November 12 announced an investment of Rs 325 crore in Gainwell Group to fund expansion across its manufacturing and mining businesses and refinance existing debt. The investment has been made through structured capital in Indocrest Transportation Private Limited (ITPL), the holding company for Gainwell Group's manufacturing and mining businesses. According to Kotak Alts, the financing will provide longer-tenor capital to Gainwell, allowing the group to allocate more of its operating cash flows towards business expansion. The company did not disclose the tenure, pricing or other financial terms of the investment.
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