Deal Street

July 06, 2020

Dua Associates represents REC Limited in Bonds Issue of Rs. 1999.50 crores

[ by Legal Era News Network ]


Dua Associates representing REC Limited (formerly known as Rural Electrification Corporation Limited) a Navratana public sector undertaking (PSU) has recently concluded the successful issuance of unsecured, redeemable, non-convertible, non-cumulative, subordinated Tier II, taxable bonds in the nature of Debentures of Rs.1999.50 crores through private placement route.

A team comprising of Salil Gulati (Partner), Shailendra Somvanshi (Partner) and Sahil Dhawan (Principal Associate)handled the transactionfor this newly acquired client. The work also included preparation and finalization of the Private Placement Offer Letter/Information Memorandum, various compliances under Companies Act, 2013, applicable SEBI Regulations, RBI Circulars, Master Directions, etc.

The team continues to assist REC Limited in drafting and finalization of other transaction documents including Bond Trustee Agreement, Bond Trust Deed, advising on stamp duty implications, etc., in relation to these Bonds.

About Dua Associates : One of India’s leading law firms, Dua Associates was set up in 1986 and serves a wide spectrum of clients drawn from multi nationals including several Fortune 500 companies, publicly-listed companies, public-sector enterprises, privately-owned businesses, as well as many multinational and multilateral organizations. Dua Associates recognizes that clients’ needs often transcend specialties. The Firm is widely recognized for the depth of experienced legal talent and the significant experience of its 67 partners and over 250 additional legal professionals.

Related Post

latest News

  • Delhi Based Auto Component Maker Flash Electronics Sues Royal Enfield In A United States Court For Patent Infringement

    New Delhi-based auto components company Flash Electronics India has sued Chennai-based motorbike manufacturer Royal Enfield for technology patent infr...

    Read More
  • The court cannot be used as a tool by a litigant to perpetuate illegality: SC

    Goa, Daman and Diu Cooperative Fisheries Federation Ltd. (the Society) was registered under the Maharashtra Co-operative Societies Act, 1960 (the Act)...

    Read More
  • Shardul Amarchand Mangaldas To Probe Whistleblower Allegations Against Infosys Top Brass: Company Statement

    Infosys has hired law firm Shardul Amarchand Mangaldas & Company to independently investigate whistleblower allegations of unethical accounting practi...

    Read More