Cyril Amarchand Mangaldas Advised On The Issuance Of Non-Convertible Debentures By Bangalore International Airport Limited

Cyril Amarchand Mangaldas advised on the issuance of non-convertible debentures by Bangalore International Airport Limited

The leading Indian law firm Cyril Amarchand Mangaldas acted as the Investors’ counsel in relation to the unlisted non-convertible debentures (“NCDs”) issued/to be issued by Bangalore International Airport Limited (“BIAL”) by way of private placement in one or more tranches for an aggregate amount not exceeding INR 9,000 crores. The proceeds will be utilised for, inter alia, refinancing existing facilities and funding future infrastructure expansion projects at Kempegowda International Airport, Bengaluru.

This issuance marks the largest unlisted private placement of NCDs in India’s airport sector, reinforcing BIAL’s position as a key player in the development of world-class airport infrastructure.

The Cyril Amarchand Mangaldas team advising on the transaction was led by Yash Jain (Partner), with support from Sohrab Kharadi (Principal Associate), Janani Chandrasekaran (Senior Associate – Designate) and Gauransh Gaur (Associate).

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