Dada Partners (Private) Limited acted as the exclusive financial advisor to Amreli Steels Limited, in what was one of the largest and most complicated financial restructurings in recent history.
The Master Restructuring Agreement (“MRA”) of Amreli Steels Limited was successfully executed on 14 October 2025. The MRA covers PKR 22.6 billion of debt, and has received an unprecedented participation from 21 of the Company’s 23 lenders, constituting over 90% of the total exposure.
The restructuring involved a total facility amount of PKR 27.9 billion extended by 23 lenders. These included 12 conventional banks (including three government institutions), six Islamic banks, five DFIs and one syndication with seven lenders. A total of ten long term lenders and 19 short term lenders were involved, with their individual collateral and security structures.
As one of Pakistan’s leading steel manufacturers, Amreli Steels backed by renewed lender confidence, and a stable economy is well positioned to achieve sustainable growth.
Shazad Dada, Founder and Managing Director of Dada Partners, commenting on the transaction said, “We take pride in our key advisory role and remain committed to guiding clients through complex financial transformations. Given the complexity, we are pleased that a balanced outcome was achieved for all stakeholders. This reinforces the strength of strategic partnerships and underscores our dedication to delivering innovative financial solutions.
We thank the Board and senior management of Amreli Steels, financial institutions, and legal counsels (Mohsin Tayebaly & Co. and Ali Khan Law Associates) for their invaluable collaboration. A special appreciation to the State Bank of Pakistan for its support in this pivotal restructuring.”
