Sathguru arranges IFC assistance of $40 Mn

Sathguru, in the capacity as sole financial advisor, facilitated sanction of assistance from IFC Washington to an extent of US$40 Mn (combination of equity and debt) for the mill development plan of The Andhra Pradesh Paper Mills Limited (APPML), Hyderabad, India. Working closely with the company, Sathguru arranged the assistance towards part financing the expansion project assessed at US$139.40 Mn. The assistance was well planned and executed within a time bound action plan, much to the appreciation of the client. Sathguru is proud to be associated with APPML, which is committed to creating a socially responsible global paper manufacturing plant.

Andhra Pradesh Paper Mills Limited (www.andhrapaper.com), part of the L N Bangur group, is one of the top quality paper manufacturing companies, predominantly engaged in the manufacture of printing and writing paper, having gross revenues of over Rs 4,000 Mn. APPML has a consistent track record of profits and dividends and is listed in Indian stock browses.