Business News | Cyril Amarchand Mangaldas Advises as the Counsel to the Issuance of NCDs by Adani Ports And Special Economic Zone Limited
Get latest articles and stories on Business at LatestLY. Mumbai (Maharashtra)/ New Delhi [India], February 9: Cyril Amarchand Mangaldas played a key role as counsel to the issuance of listed, secured Non-Convertible Debentures of up to INR 500 crore on a private placement basis ("NCDs") by Adani Ports And Special Economic Zone Limited. This issuance is accompanied by a sophisticated security arrangement, uniquely designed to secure the NCDs through receivables from the inter-corporate debts between the issuer and its subsidiaries.
BusinessWire India
Mumbai (Maharashtra)/ New Delhi [India], February 9: Cyril Amarchand Mangaldas played a key role as counsel to the issuance of listed, secured Non-Convertible Debentures of up to INR 500 crore on a private placement basis ("NCDs") by Adani Ports And Special Economic Zone Limited. This issuance is accompanied by a sophisticated security arrangement, uniquely designed to secure the NCDs through receivables from the inter-corporate debts between the issuer and its subsidiaries.
The Project & Project Finance team of Cyril Amarchand Mangaldas advised on the transaction. The transaction team was led by Pururaj Bhar, Partner; with support from Abhishek Khatri, Principal Associate; Soumya Khurana, Associate; Aesha Shah, Associate; and Sonali Suresh, Associate.
The transaction was signed on 8th January, 2024 and Closed on 10th January, 2024.
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