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Khaitan & Co acted as the transaction counsel and advised KEC International Limited (KEC), ICICI Bank and HDFC Asset Management Company Limited in relation to the issue of zero coupon listed non-convertible debentures aggregating to INR 250 crores ($36.5m approximately) in three series by way of private placement, secured by a first ranking charge on the movable and immovable assets of KEC. Advised KEC International Limited and HDFC Asset Management Company Limited on the repurchase of non-convertible debentures aggregating to INR 75 crores.
Shishir Mehta (Partner), Oindrila Bhowmik (Associate) and Ankit Chavan (Associate) represented the client on the transaction.
The post Khaitan advises on debentures issue appeared first on The Lawyer | Legal News and Jobs | Advancing the business of law.
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