Azalea Capital Partners is pleased to announce the successful closure of a marquee and prestigious deal acting as a Sole Arranger and Advisor for Gravita India Limited, a global recycling leader to secure € 34 million ESG loan for its subsidiary, Gravita Netherlands BV, from European Developmental Financial Institutions Société de Promotion et de Participation pour la Coopération Economique S.A. “Proparco” and Oesterreichische Entwicklungsbank AG “OeEB”.
Key objectives achieved with this funding:
- Expansion of international operations of the company
- Reducing Financial dependence of International Businesses on its parent Gravita India and making offshore business financially independent.
Process flow of ESG fundraising:
The Facility was granted post rigorous due diligence on various Environmental, Social and Governance aspects at Gravita’s international manufacturing subsidiaries which showcased the company’s unwavering commitment to sustainability and circular economy.
About Gravita India:
Gravita India Limited (GIL) is a leading nonferrous metal recycler and India’s largest secondary lead metal producer, founded by entrepreneur Rajat Agarwal. Specializing in lead and lead-based products, GIL operates globally, pioneering India’s lead recycling industry and expanding into aluminium and plastic recycling. GIL offers turnkey solutions for lead manufacturing and has offices and plants in various countries, with 27 yards and over 1400 touch points worldwide, collecting over 160,000 metric tons of scrap. Renowned globally for its sustainability efforts, Gravita operates multiple eco-friendly manufacturing facilities across more than 70 countries. With over 30 years of experience in recycling, it is listed among the top companies on NSE and BSE Ltd.
About Azalea Capital Partners LLP:
Established in 2017, Azalea Capital Partners LLP, a Mumbai-based boutique investment bank, specializes in structured and distressed financing solutions for underserved Indian mid-caps. Co-founded by Emkay Global Financial Services and Abhijit Shrivastava, it leverages extensive market expertise to tap into lucrative credit opportunities. Emkay Global Financial Services Ltd., founded in 1995, is a respected name in the financial services sector, providing research-backed financial advice and wealth creation services to a diverse clientele worldwide, including FIIs, mutual funds, banks, corporate houses, and HNIs.
