MEIL's MD taps private credit funds Elham, DK, Oaktree to raise Rs 1,500 crore
- Posted on July 15, 2025
- By Business News Today
- 1 Views
MEIL's MD taps private credit funds Elham, DK, Oaktree to raise Rs 1,500 crore
PV Krishna Reddy, managing director of MEIL, is seeking ₹1,500 crore in debt financing from firms like Elham Credit and Oaktree Capital to fund the buyout of his uncle's 51% stake in the company. The deal, valued at ₹12,000-₹15,000 crore, aims to consolidate Krishna Reddy's ownership.
