SNG & Partners Advised STL Networks Limited On The Issuance Of Non-Convertible Debentures

SNG & Partners advised STL Networks Limited on the Issuance of Non-Convertible Debentures

The significant Indian full-service law firm, SNG & Partners, acted as legal counsel to STL Networks Limited in relation to this NCD issuance. STL Networks Limited, operating under the brand name Invenia, provides comprehensive network integration, setup, and maintenance services, supporting enterprises, telecom operators, and government bodies through expertise in fiber network deployment, data center establishment, cybersecurity solutions, and related infrastructure services.

STL Networks Limited has issued 15,000 rated, listed, senior, secured, redeemable non-convertible debentures (NCDs), each with a face value of INR 1,00,000, aggregating to INR 150 crore. The issuance comprised a base issue size of INR 100 crore along with a greenshoe option of INR 50 crore.

This transaction marks the first listed debt issuance by STL Networks Limited. The financing, structured as a private placement of NCDs, was undertaken to support the company’s working capital requirements and general corporate purposes.

The SNG & Partners transaction team was led by Aditya Vikram Dua (Partner and Head of Financial Services), with Nishtha Arora (Associate Partner), Shubham Mundada (Associate), and Kartikeya Rao (Associate) forming the core team.

Click to know more about SNG & Partners

If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at info@legalera.in or call us on +91 8879634922.