Khaitan & Co Advised Neo Asset Management On Subscription Of NCDs By Vizag Profiles Private Limited

Khaitan & Co Advised Neo Asset Management on Subscription of NCDs by Vizag Profiles Private Limited

The leading law firm in India, Khaitan & Co acted as legal counsel to funds managed by Neo Asset Management Private Limited in relation to the subscription of unlisted, secured, unrated, redeemable non-convertible debentures aggregating INR 185 crore issued by Vizag Profiles Private Limited. The proceeds are intended for refinancing existing financial indebtedness of Vizag Profiles and its group entities, as well as for general corporate purposes.

The issue was secured, inter alia, by a pledge over listed shares of Steel Exchange India Limited.

The Khaitan & co core team advising the clients comprised Rahul Chakraborti (Partner), Savni Tewari (Counsel), Sarika Jhanwar (Senior Associate), Kartikey Gaur (Associate), Ojasav Chitranshi (Associate), Yash Bhatt (Associate), and Ayaan Vali (Associate), with support from Sudheer Madamaiah (Partner) and Hareesha K S (Senior Associate) on title diligence aspects, and Pankhuri Jain (Associate) on execution formalities.

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