MEIL’s MD taps private credit funds Elham, DK, Oaktree to raise Rs 1,500 crore

July 15, 2025

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.

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