Cyril Amarchand Mangaldas advised Vivriti Capital Limited (Vivriti) and the lead manager to the issue, JM Financial, on the public issue of non-convertible debentures; aggregating to INR 500 crores.
The Capital Markets Practice of Cyril Amarchand Mangaldas advised on the transaction. The transaction was led Vijay Parthasarathi, Partner& Regional Co-head Markets Practice (Southern Region); Meeta Kurpad, Partner; Rohit Tiwari, Partner; with support from Shivangi Singh, Senior Associate; Satakshi Sharma, Senior Associate Designate; Vedansh Batwara, Associate; Arth Nagpal, Associate; Achyutha G M, Associate; and Manasvin Andra, Associate.
As a part of the Transaction, Vivriti issuance of secured, rated, listed redeemable non-convertible debentures (“NCDs”) of face value of Rs. 1,000 each for an amount aggregating to Rs. 500 crores under the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, as amended.
The Transaction was signed on 5th February 2023; and closed on 6thSeptember 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 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.