Khaitan & Co Advised Balkrishna Industries On INR 750 Crore NCD Issuance
Khaitan & Co advised Balkrishna Industries on INR 750 crore NCD issuance
The leading law firm in India, Khaitan & Co acted as transaction counsel to Balkrishna Industries Limited in relation to the issuance, allotment, and listing of up to 75,000 rated, listed, senior, unsecured, redeemable, non-cumulative, non-convertible debentures aggregating to INR 750 crores, issued in three series on a private placement basis. YES Bank Limited and ICICI Bank Limited acted as arrangers to the issue.
The issue included an anchor portion of up to 30% of the total issue size for each series, which was subscribed by YES Bank Limited and ICICI Bank Limited.
The Khaitan & Co team was led by Manisha Shroff (Partner), with support from Arjita Agarwal (Senior Associate), Akshansh Sharma (Senior Associate), Anushka Sinha (Senior Associate), Rishabh Kumar (Associate), Ananya Bharadwaja (Associate), and Priyam Indurkhya (Associate).
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