Cyril Amarchand Mangaldas (CAM) advised Five-Star Business Finance Limited (Five Star) on issuance senior, secured, unsubordinated, rated, listed, transferable, taxable, redeemable, non-convertible debentures (NCDs), each having a face value of INR 1,00,000 aggregating to INR 105 crore.
The Banking, Corporate & Structured Finance Practice of Cyril Amarchand Mangaldas advised on the transaction. The Transaction team was led by Lakshmi Prakash, Partner; with support from Kushal Rohira, Principal Associate-Designate; Kalpalathikaa M, Associate; and Himanshi Mahajan, Associate.
Vijay Parthasarathi, Partner& Regional Co-head Markets Practice (Southern Region)); acted as relationship partner.
Other parties and advisors to the transaction included Catalyst Trusteeship Limited (acted as debenture trustee for Five-Star Business Finance Limited) and NSDL Database Management Limited (acted as registrar for Five-Star Business Finance Limited).
The deal was signed on 11th December 2023; and closed on 12th December 2023. ____________________________________________
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 160 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.
