Metal
View Case Study 1 View Case Study 2
About the Client
  • The company primarily operates under verticals viz. Mineral’s processing, Steel Manufacturing and Generation of Powers
  • The company has integrated plant facilitated with 2.6 MTPA beneficiation plant, 2.4 MTP Pellet Plant, two 15 tones induction furnace, 0.09 MTPA SBQ Bar mill and 0.85 MTPA Bar Mill
  • The Company has 425 TPA oxygen plant and 235 MW power generation plant
Our Services
  • Pranjal Corporate Services (“Pranjal”) was appointed as exclusive advisor for the strategic debt resolution of the Company
  • Devising a sound transaction structure which was acceptable and in the best interests of all parties concerned
  • Pranjal convinced and negotiated with the consortium of 12 lenders at a reasonable value and to follow the “sale to ARC” route with the Swiss Challenge option rather than the NCLT route to ensure quicker recovery of the outstanding dues
  • Ensuring and protecting strategic players interest in the overall transaction and maintaining its confidentiality
Value addition by Pranjal:
  • Pranjal was instrumental and secured the anchor bidder position for IndoStar Capital Finance Limited (Debt Acquisition Proponent) with bid amount of INR 1,425 Cr
  • Settlement of dues at ~54% of the total outstanding liability
  • The company gets rids of all the claims/charges/suits filed by the lenders
Back to Top