Edelweiss fund invests Rs.500-Cr in Jindal Saw holding co.

Edelweiss Special Opportunities Fund III has invested INR 500 crore as debt into a promoter holding entity of Jindal Saw Ltd, the steelmaking flagship company of PR Jindal Group. The fund has signed a structured finance deal with Chhattisgarh-based Siddeshwari Tradex Pvt Ltd, owned by the promoters of the PR Jindal Group. The financing is expected to provide a tailored long-term flexible solution to the capital needs of the group. Perigon Consiliario LLP acts as sole advisor and arranger to PR Jindal Group.