Latest news with #AmitKansal
Time of India
07-07-2025
- Business
- Time of India
Aditya Birla Sun Life AMC announces first close of ABSL Structured Opportunities Fund Series 2
Aditya Birla Sun Life AMC has announced the first close of its Structured Opportunities Fund – Series II, a Category II Alternative Investment Fund ( AIF ), raising Rs 700 crore, including co-investments. The fund aims to raise Rs 1,250 crore with a greenshoe option of an additional Rs 1,250 crore, aiming for a total possible mobilization of Rs 2,500 crore. The fund, managed by Amit Kansal, Head Alternate Investments – Fixed Income, focuses on performing credit opportunities, offering bespoke capital solutions across growth, strategic, and opportunistic requirements. Also Read | Mutual fund SIP guide: How to invest for the rest of 2025 Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elin Nordegren Show Off Her Huge Size In New Vacation Photos 33 Bridges Undo With an emphasis on structured credit transactions for mid-to-large corporates in asset-heavy sectors like 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, a press release said. Leveraging the extensive experience in the credit space and a robust governance framework, the fund has already deployed part of the committed capital across select opportunities in sectors such as chemicals, auto and financials. These deals are backed by well-established sponsor groups and feature strong collateral and cash flow profiles, aligning with the fund's 4C investment philosophy – Character, Capacity, Collateral and Cashflows, the release said. Live Events 'The successful first close of our Structured Opportunities Fund – Series II is a strong endorsement of the trust placed in us by investors seeking attractive risk adjusted returns in the private credit space. This maiden strategy is a natural extension of our deep investment expertise across sectors and our long-standing ecosystem relationships,' said A. Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC. Also Read | Mazagon Dock and Radico Khaitan among 19 stocks which are upgraded in H2 CY25 'With flexible drawdown structures to navigate market volatility, we have garnered strong traction across a broad investor base including institutional investors, HNIs, UHNIs and family offices and remain confident in our ability to unlock meaningful value while supporting the next wave of corporate growth,' he added.
Economic Times
07-07-2025
- Business
- Economic Times
Aditya Birla Sun Life AMC announces first close of ABSL Structured Opportunities Fund Series 2
Synopsis Aditya Birla Sun Life AMC achieved the first close of its Structured Opportunities Fund – Series II, raising ₹700 crore. The fund targets ₹2,500 crore to invest in structured credit for mid-to-large corporates across asset-heavy sectors, aiming mid-teens IRR. Aditya Birla Sun Life AMC's AIF raises ₹700 crore in first close; targets ₹2,500 crore to support structured credit deals in growth-focused sectors. Aditya Birla Sun Life AMC has announced the first close of its Structured Opportunities Fund – Series II, a Category II Alternative Investment Fund (AIF), raising Rs 700 crore, including co-investments. The fund aims to raise Rs 1,250 crore with a greenshoe option of an additional Rs 1,250 crore, aiming for a total possible mobilization of Rs 2,500 fund, managed by Amit Kansal, Head Alternate Investments – Fixed Income, focuses on performing credit opportunities, offering bespoke capital solutions across growth, strategic, and opportunistic requirements. Also Read | Mutual fund SIP guide: How to invest for the rest of 2025 With an emphasis on structured credit transactions for mid-to-large corporates in asset-heavy sectors like 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, a press release the extensive experience in the credit space and a robust governance framework, the fund has already deployed part of the committed capital across select opportunities in sectors such as chemicals, auto and financials. These deals are backed by well-established sponsor groups and feature strong collateral and cash flow profiles, aligning with the fund's 4C investment philosophy – Character, Capacity, Collateral and Cashflows, the release said. 'The successful first close of our Structured Opportunities Fund – Series II is a strong endorsement of the trust placed in us by investors seeking attractive risk adjusted returns in the private credit space. This maiden strategy is a natural extension of our deep investment expertise across sectors and our long-standing ecosystem relationships,' said A. Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC. Also Read | Mazagon Dock and Radico Khaitan among 19 stocks which are upgraded in H2 CY25'With flexible drawdown structures to navigate market volatility, we have garnered strong traction across a broad investor base including institutional investors, HNIs, UHNIs and family offices and remain confident in our ability to unlock meaningful value while supporting the next wave of corporate growth,' he added.
Time of India
15-05-2025
- Business
- Time of India
Senvion secures 420 MW wind turbine order from Continuum Green Energy
New Delhi: Senvion India has secured a firm order from Continuum Green Energy for 100 units of its 4.2M160 wind turbine generators (WTGs), totalling 420 megawatts (MW) of capacity, the company said on Thursday. The order, originally signed as a conditional agreement in September 2024 with 50 confirmed and 50 optional turbines, has now been fully converted. Deliveries are scheduled to begin in April 2026. The turbines will be deployed and installed across project sites identified by Senvion and developed by Continuum. The 4.2M160 is Senvion's advanced onshore turbine platform developed through Indo-German collaboration. It features a 160-meter rotor and flexible hub heights, and over 85 per cent of its components will be manufactured in India. Amit Kansal, CEO and Managing Director of Senvion India, said, 'The 4XM platform is the most indigenously developed Senvion turbine with a high level of localisation of components and technology. The turbines are specially designed for Indian wind conditions and environment. With planned capacities of 2GW in 2026, Senvion plans to deploy the turbines extensively in India, leading to creating local jobs and energy security for the country.' Arvind Bansal, CEO of Continuum Green Energy, said, 'Our focus remains on building high-performing, bankable wind assets with partners who bring consistency and engineering insight. Finalizing this order with Senvion follows a structured evaluation of technical performance, supply assurance, and service readiness. The decision supports our broader roadmap to integrate scalable clean energy into India's power mix.' Senvion stated that the order marks a continuation of the long-standing relationship between the two companies and aligns with their strategy to scale clean energy projects in India.
