Manufacturing
Sector
About the Client
  • The company is into manufacturing of the variety of cranes that find application in a wide range of industries such as steel, power, ports etc.
  • Largest player in India in Electric Overhead Travelling (EOT) cranes segment.
Our Services & Value Addition
  • Pranjal International Resolutions Private Limited (“Pranjal”) was appointed as the exclusive advisor for the debt resolution of the Company.
  • Pranjal successfully negotiated with 6 lenders ensuring approval for the transaction and closed the debt resolution through the sale to ARC route.
  • Pranjal structured the offer to ensure that the ARC, to whom the loan was assigned, wins the Anchor Bidder position.
  • Pranjal consulted and assisted the Company with an end-to-end solution for all condition precedent and other ancillary work.
Value addition by Pranjal:
  • Creating balance in funding structure resulting in positive cash flow to the company on yearly basis.
  • Finance Cost saving of the company by 20-25 % annually.
  • Timely funding helped the company in achieving its expansion plans.
  • The Group was able to bounce back with improvement in its financials and achieve sustainable growth in future.
  • Developed strong brand for itself and relationship with its lenders, which helped the group in raising future funding on multiple occasions.
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