We are pleased to announce that Argus Partners advised Adhunik Power & Natural Resources Limited (“Adhunik”) in connection with the investment of INR 1400 crore made by Davidson Kempner. These funds were utilised by Adhunik to provide a complete exit to its existing lender Edelweiss Asset Reconstruction Company.

The investment was made by way of subscription to non-convertible debentures (NCDs) issued by Adhunik and its promoter entities.

The team at Argus Partners consisted of, Aastha and Nidhi Arya (Partners) and Dileep Krishnan, Surabhi Smita (Associates).

Read more at: Economic Times.

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