Jindal Steel promoter OPJ Trading raises funds from Centrum Credit
MUMBAI : OPJ Trading Pvt. Ltd, the main promoter entity of Naveen Jindal’s Jindal Steel and Power Ltd (JSPL) has raised around ₹180 crore in fresh debt from Centrum Credit Opportunities Fund, said a senior executive of the fund.
OPJ Trading owns a 18.4% stake in JSPL.
“OPJ Trading is raising around ₹180 crore primarily to repay existing debt at this entity. The transaction has been originated, structured and funded by us. We have funded the first tranche of around ₹35 crore through our Centrum Credit Opportunities Fund,” said Rakshat Kapoor, fund manager and chief investment officer of CCOF.
