PE-VC Fund Investments
Kotak credit fund invests in Steel Exchange India’s Rs.350-Cr refinancing
Publicly listed, Visakhapatnam-based Steel Exchange India has obtained a refinancing facility totalling INR 350 crore from a consortium of financial institutions, including Kotak Credit Opportunities Fund, Kotak Mahindra Investments Limited, and Oxyzo Financial Services Ltd. The new funds will be used to prepay existing high-cost non-convertible debentures (NCDs) and a term loan. Steel Exchange India is part of the Vizag Profiles Group and operates an integrated steel plant and power unit located in Vizianagaram, near Visakhapatnam. For FY25, the company has reported a total income of INR 1,163.37 Cr, EBITDA of INR 143.60 Cr and Net Profit of INR 25.93 Cr.
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