Khaitan & Co acts as transaction counsel on KEC debentures deal

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Khaitan & Co acted as the transaction counsel and advised KEC International, ICICI Bank and HDFC Asset Management Company in relation to the issue of zero coupon listed non-convertible debentures aggregating to INR 250 crores ($36.5m) in three series by way of private placement, secured by a first ranking charge on the movable and immovable assets of KEC.

The firm also advised KEC and HDFC Asset Management on the repurchase of non-convertible debentures aggregating to INR 75 crores.

Shishir Mehta (partner), Oindrila Bhowmik (associate) and Ankit Chavan (associate) represented the client on the transaction.

The post Khaitan & Co acts as transaction counsel on KEC debentures deal appeared first on The Lawyer | Legal News and Jobs | Advancing the business of law.



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