Khaitan acts on Varroc-Kotak debentures issue

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Khaitan & Co acted as the deal counsel for Varroc Engineering Private Limited and Kotak Mahindra Bank Limited in relation to issue of rated, secured, unlisted, redeemable, taxable non-convertible debentures aggregating to $12m approximately by Varroc Engineering Private Limited (Issuer) to Kotak Mahindra Bank Limited (Arranger).

Manisha Shroff (Associate Partner); Oindrila Bhowmik (Associate); Ankit Chavan (Associate) and Meenakshi Kurpad (Associate) represented the client on the transaction.

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