Cyril Amarchand Mangaldas (CAM) advises ICICI Bank Limited and Axis Bank Limited (Arrangers) in issuance of listed, rated, secured, redeemable, non-convertible debentures of the nominal value of INR 1,00,000 each, aggregating to not more than INR 540 crores (NCDs) by GMR Hyderabad International Airport Limited. CAM played crucial role in drafting of documents to ensure compliance with recent SEBI regulations and guidelines.
The Project & Project Finance team of Cyril Amarchand Mangaldas advised on the transaction. The transaction team was led by Ajay Sawhney, Partner; Aditi Misra, Partner; with support from Aditya Prakash, Senior Associate; Ragini Agarwal, Associate; Shravani Shendye, Associate; and Aeruva Akash, Associate..
Other advisors to the transaction included IDBI Trusteeship Services Limited, acted as debenture trustee; GMR Hyderabad International Airport Limited, acted as issuer; ICICI Bank Limited,acted as arranger; Axis Bank Limited, acted as arranger; NIIF Infrastructure Finance Limited, acted as anchor investor.
The transaction was signed on 27th March, 2024 and closing was done on 28th March, 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, Singapore and Abu Dhabi.
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.
