Trilegal has assisted Piramal Enterprises in its first public issuance of secured, rated, listed, redeemable non-convertible debentures (NCDs) valued at INR10 billion (USD120 million).
Partners Bhakta Patnaik and Albin Thomas led the capital markets advisory team with the assistance of senior associates Bhargavi Mahajan and Malika Grewal, as well as associates Arsh Sinha, Anoushka PV, Janhavi Shah, Akanksha Goel and Shambhavi Sharma.
Partner Ameya Khandge and counsel Aseem Dhawan led the banking and finance team with the support of senior associate Pragya Pugalia and associate Aastha Singh.
In tranche one, 10 million NCDs, valued at INR1,000 apiece, will be issued, adhering to Piramal’s shelf prospectus limit of INR30 billion.
AK Capital Services, Nuvama Wealth Management, JM Financial and Trust Investment Advisors were the lead managers in the issuance.
