Kotak Investment Advisors completed the investment of $69m into Jindal Stainless.

Financials

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Transaction Value£53m

Consideration TypeCash

Capital Owned-

Capital Bid For-

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

bidder

Kotak Investment Advisors

target

Jindal Stainless

Sources

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Tags

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Single Bidder

Public

India

stainless steel products

Minority

Acquisition

Friendly

Iron and Steel

Completed

Synopsis

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Kotak Investment Advisors, a provider of management and consulting services, through its fund, Kotak Special Situations Fund, completed the investment of $69m into Jindal Stainless, a manufacturer of steel products. The investment by Kotak Special Situations Fund is in the form of debt and equity to help it out of debt restructuring.