Polestar advises on INR 1,500 Mn of Holdco financing for a leading Infrastructure Company
Polestar acted as an Advisor to a leading Infrastructure company engaged in HAM and EPC projects having over three decades of experience in Infrastructure, presence at a pan India level having completed projects in more than 15 states and an executing track record of ~2,000 lane KMs.
Few highlights:
- Construction company emerged victorious in securing bids for a significant number of HAM projects across India. To secure these projects, the company was required to contribute a specific portion of the total project cost as promoter equity. This equity would be held within various Special Purpose Vehicles (SPVs).
- To meet this equity requirement, the holding company, which oversees the entire operation, needed to raise Holdco debt.
- Polestar secured INR 1,500 Mn from a leading NBFC/AIF, enabling promoter equity contributions in SPVs and providing flexibility for other project expenses.
