Exclusive Financial Advisor to Janki Corp Limited (JCL) for raising Working Capital Finance & enabling its foray back into normal banking channel post turnaround

Working Capital

Service

January 2023

Date

Industrials

Sector

INR 490 MN

Deal Value

Exclusive Financial Advisor to Janki Corp Limited (JCL) for raising Working Capital Finance & enabling its foray back into normal banking channel post turnaround

Deal Highlights

  • JCL achieved remarkable turnaround from FY20 supported with market dynamics & management competencies in productivity improvement & liability management efforts
  • Despite strong turnaround & financials, re-entry into normal banking was tough to come by due to legacy issues of debt resolution
  • Nuvama enabled JCL’s successful foray back into banking mainstream:
    • Raising need-based WC funding;
    • Achieving competitive terms;
    • Lenient security & financial covenants, meeting client expectation without diluting bank’s credit norms

Nuvama Contribution

  • Presented a compelling case for funding by citing turnaround & healthy financial metrics along with strong management credentials
  • Garnered a few interests from banks despite legacy issues
  • Negotiated commercials & covenants with bank