Company updateMoneycontrol
Kotak Alts invests Rs 325 crore in Gainwell
Positive+7
GreyOak summary
Kotak Alternate Asset Managers invested Rs 325 crore in Gainwell Group via Indocrest Transportation Private Limited. The funds aim to expand manufacturing and mining operations and refinance debt. This move follows India Ratings downgrading Gainwell's outlook to Stable due to stagnant revenue and weaker infrastructure demand.
What it affects
- Metals & MiningPositive +7
Investment funds mining business expansion.Rolling sentiment Positive +26
