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Nithia Capital identifies Indian stressed steel assets for acquisition

While Nithia has zeroed in on about 15 assets, only some are expected to materialise

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3 min read Last Updated : Aug 24 2019 | 10:25 PM IST

Nithia Capital, a UK-based alternative investment manager that specialises in turning around underperforming facilities, has identified around 15 stressed steel assets in India for acquisition.

While Nithia has zeroed in on about 15 assets, it is not planning to acquire all of them. Although they are all stressed assets, not all are in the National Company Law Tribunal (NCLT) for debt resolution. The total enterprise valuation that Nithia is looking at is $1-$1.2 billion as part of its India plan.

The assets are small and based in central and eastern India. "The idea is to create a platform of 3-3.5

Topics : Steel Industry Uttam Galva Metallics NCLT Steel sector IBC

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