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The financing will support the construction, development and commissioning of Jayaswal Neco Industries Limited’s proposed 1.50 million tonnes per annum (MnTPA) Straight-Grate Pellet Plant at Raipur, Chhattisgarh.
The proceeds of the Issue were primarily utilised to part-finance the acquisition of a 28.99% stake in HL Mando Anand India Private Limited. Citibank, N.A. and Hongkong and Shanghai Banking Corporation (HSBC) acted as arrangers to the Issue.
A portion of this QIP’s proceeds is proposed to be used for financing capital expenditure towards defence equipment capabilities. SAM also previously advised the lead managers on Bharat Forge’s ₹1,650 crore QIP in December 2024.
SAM advised on all aspects of Indian law relating to the transaction, including the regulatory framework applicable to the issuer under the GIFT City IFSC regime, the structuring of the offering, the review, negotiation and finalisation of the offering circular and transaction documents, including the bond documentation, trust deeds and corporate guarantees. SAM also acted as the listing agent for the listing of the Bonds on NSE IX.
CAM also advised on and drafted a power purchase agreement to be entered into between the Borrower and Evonith Value Steel Limited and Evonith Metallics Limited (as the Sponsors).
Centre for Studies in Banking and Finance invites submissions for all kinds of original and unpublished submissions for publication in Volume XI,
About Scholasticus Scholasticus (ISSN 0975-1157) is one of the earliest publications by National Law University, Jodhpur established with the objective of promoting
DEAL DETAILS Citigroup Global Markets India Private Limited | Block trade of equity shares of Kalyan Jewellers India Limited by Highdell Investment