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 8thJanuary, 2024 and Closed on 10thJanuary, 2024. ____________________________________________
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. The Firm is one of the largest full-service law firm in India and offices in key business centers at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore.
The Firm received “National Law Firm of the Year: India” at the IFLR Asia-Pacific Awards for the second consecutive years in 2023 and 2022 and “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards. 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 2022.
