Cyril Amarchand Mangaldas advised Nomura Capital India (Private) Limited and Nomura Investment Singapore Pte. Ltd. (collectively “Nomura”) on subscription to Non convertible Debentures (NCDs) issued by P R Enerrgy Holding Limited (P R Enerrgy), which is a group company of Penna Cement Industries Limited.
The Project & Project Finance Practice of Cyril Amarchand Mangaldas advised Nomura on the transaction. The transaction team was led by Ramanuj Kumar, Partner; with support from Aiswarja Mohanty, Principal Associate; Shrey Srivastava, Senior Associate; and Mohak Thukral, Associate.
Abhilash Pillai, Partner; with support from Vidyavathi Kowshik, Senior Associate; and Pavithra Rao, Associate; advised on real estate aspects of the transaction.
As part of the transaction, on the issue, P R Enerrgy issued unlisted, secured, redeemable non convertible debentures (“Debentures”) in first tranche on a private placement basis to Nomura Capital India (Private) Limited and Nomura Investment Singapore Pte. Ltd.
___________________________________________
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With 1000 lawyers and 170 Partners, the Firm is the largest full-service law firm in India and offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore.
The Firm recently received “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards and the “National Law Firm of the Year: India” award at the IFLR Asia Pacific 2022 awards ceremony. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2021.
