Kotak Alternate Asset Managers Limited (“Kotak Alts”) today announced its investment of INR 750 crore in the non-convertible debentures (NCDs) of Lloyds Metals & Energy Limited (“LMEL”), a listed integrated mining and metals company in India.

LMEL is a fast-growing integrated player in India’s metals and mining sector with operations spanning iron ore mining, supported by a strong pipeline of downstream steel capacity expansion.

Rahul Chhaparwal, Partner, Kotak Alts said, “Lloyds has built a strong and scalable mining platform with a clear path towards integration. Our investment is aimed at supporting the company’s next phase of growth and capacity expansion, while providing a flexible capital solution aligned with its long-term objectives.”

Mukesh Gupta, Chairperson, LMEL said, “This investment strengthens our capital base as we continue to scale our mining and integrated steel operations. Kotak’s solution oriented and long-term approach aligns well with our growth plans, and we look forward to building this partnership as we expand our platform.”

Kotak Alternate Asset Managers Limited (“Kotak Alts”), a part of Kotak Mahindra Group (“Kotak”), focuses on alternate asset management and investment advisory businesses. Kotak Alts was set up in early 2005 and has raised, managed, and advised over USD 22 billion across different asset classes, including private equity, real estate, infrastructure, special situations, private credit, and investment advisory. The asset management business and investment advisory vertical are managed by independent specialist teams.

Source: Press release