Aditya Birla Sun Life AMC mobilises ₹700 crore through AIF
The capital raised includes co-investments, the asset management firm said in a statement.
The fund aims to raise ₹1,250 crore with a greenshoe option of an additional ₹1,250 crore, aiming for a total mobilisation of ₹2,500 crore.
The fund focuses on performing credit opportunities, offering capital solutions across growth, strategic, and opportunistic requirements.
With a focus on structured credit transactions for mid-to-large corporates in asset-heavy sectors such as manufacturing, infrastructure and industrials, the fund seeks to build a diversified portfolio of 10-12 investments targeting mid-teens internal rate of return (IRR) range.
The fund has already deployed part of the committed capital across select opportunities in sectors such as chemicals, auto and financials.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
an hour ago
- Business Standard
PM inaugurates two highways worth Rs 11,000 cr to decongest Delhi
Prime Minister Narendra Modi on Sunday inaugurated the Delhi section of the Dwarka Expressway and Urban Extension Road-II worth nearly Rs 11,000 crore to reduce traffic congestion in the national capital and its surrounding areas. The two projects have been developed under the government's comprehensive plan to decongest the capital, with the objective of improving connectivity, cutting travel time, and reducing traffic in Delhi and its surrounding areas. These new projects are expected to significantly reduce travel time from Sonipat, Rohtak, Bahadurgarh and Gurugram to IGI Airport when completely operational.
Business Standard
3 hours ago
- Business Standard
EMS gains after bagging Rs 104-cr water supply project from UP Jal Nigam
EMS rose 1.09% to Rs 556.15 after the company announced that it has received a letter of acceptance (LoA) from UP Jal Nigam (Urban) for a project worth approximately Rs 104.05 crore. The contract, part of the Agra Water Supply Re-Organization Scheme (Trans Yamuna Zone-I & II)Package 1, is to be executed within 24 months. The scope of work covers surveying, soil investigation, engineering, design, and supply of materials, labor, and tools for construction, completion, testing, and commissioning of multiple components. These include an intake well-cum-pump house with an approach bridge, a raw water rising main (1100 mm dia) connecting the intake well to the water treatment plant, and a 55 MLD water treatment plant equipped with advanced treatment processes. EMS is a multidisciplinary EPC company headquartered in Delhi that specializes in providing turnkey services in water and wastewater collection, treatment, and disposal. EMS provides complete, single-source services from engineering and design to construction and installation of water, wastewater, and domestic waste treatment facilities. The company reported a 2% rise in consolidated net profit to Rs 37.88 crore, on a 15.8% rise in revenue from operations to Rs 238.89 crore in Q1 FY26 over Q1 FY25.
Economic Times
4 hours ago
- Economic Times
Measured optimism returns to markets as Trump hints at softening additional tariffs on India
Indian equities are poised for positive opening on Monday driven by short covering as Donald Trump appeared to have softened his stance on additional tariffs on Indian imports to the US after his meeting with Vladimir Putin on Friday. The expected rationalisation of Goods and Service Tax (GST) rate that is likely to be rolled out by Diwali could also aid sentiment. ADVERTISEMENT But a runaway rally in the market is unlikely on reports that trade talks between India and the US have been postponed, adding fresh uncertainty. "The market has been range bound and could witness a relief rally next week triggered by short covering as there is significant short build up due to tariff uncertainty," said Mahesh Patil, CIO, Aditya Birla Sun Life AMC "The set up indicates an upward bias, and the recent market low is likely to be the bottom of the downtrend." Patil said that while no deal was made, the meeting is expected to be the first step in the direction of a ceasefire between Ukraine and Russia which is a positive. "Trump's punitive tariff imposition on India is also expected to be pushed as he is likely to go soft on India's oil purchase from Russia, which is expected to be cheered by the street," he said. The benchmark indices snapped the longest weekly losing streak in five years (April 2020) and bounced back after six weeks of consecutive declines on Thursday. The Indian stock market remained closed on Friday on account of Independence Day. Both Nifty and Sensex advanced around 1% in the past week. "The markets are expected to react more to the likelihood of the GST rationalisation rather than the Trump-Putin meeting as it was largely inconsequential for India," said Siddarth Bhamre, Head of Research, Asit C Mehta Intermediates. ADVERTISEMENT Bhamre said that the GST rationalization is sentimentally positive. Unlock 500+ Stock Recos on App Analysts said further upsides will depend on whether the Nifty is able to cross a key hurdle of 24,800 levels where there is sizable build-up of derivative positions. (You can now subscribe to our ETMarkets WhatsApp channel)
