Financial Services

Investment Banking

Adhunik Metaliks Limited

IL&FS Financial Services Limited (IFIN) acted as the exclusive financial advisors for Adhunik Metaliks Limited (AML) for syndicating $ 25 million Equity placement with Clearwater Capital Partners

IFIN is a wholly owned subsidiary of Infrastructure Leasing and Financial Services Limited (IL&FS). IFIN is engaged in a wide range of investment banking activities in both fund and non-fund based areas. The services are broadly divided into Asset & Structured Finance, Project Finance & Advisory, Corporate Advisory and Debt Syndication

AML is the flagship company of the Adhunik Group based in Kolkatta with manufacturing facilities at Rourkela, Orissa. AML is implementing a capex programme that would change its business profile from a secondary steel manufacturer to an integrated steel player with linkages across the value chain from critical raw materials such as iron ore and coal to value-added steel products

AML has also acquired Iron Ore mines in Jharkhand and Manganese Ore mines in Orissa as a part of its foray in the independent mining business

AML appointed IFIN as its financial advisor to syndicate an equity amount of up to $ 25 million to fund its expansion plans. IFIN successfully syndicated the entire equity requirement with Clearwater Capital Partners, a leading Private Equity Fund. Clearwater Capital would get a representation on the Board of Directors of AML and would be able to partner AML in its growth plans.

AML is just once of the cases where IFIN has been successful in syndicating equity requirements for growth of companies. We have been very active in a range of sectors including real estate, manufacturing and infrastructure in the field of equity fund syndication