Bringing you the Best Analytical Legal News
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.
The Debentures carry a coupon rate of 7.47% per annum and are listed on both BSE Limited and National Stock Exchange of India Limited. The Issue received the highest long-term credit rating of “AAA/Stable” from CRISIL Ratings Limited and CARE Ratings Limited.
S&R Associates advised UltraTech Cement Limited on its INR 50 billion issuance of listed non-convertible debentures through private placement.
The investment was a key element of the REIT’s pre-IPO capital raise aimed at consolidating real estate assets (commercial office spaces) across India and strengthening its financial position. The REIT was successfully listed on the BSE and the NSE on August 18, 2025.
Cyril Amarchand Mangaldas acted as a legal counsel to TVS Infrastructure Trust, TVS Infrastructure Investment Manager Private Limited, TVS Industrial & Logistics Parks Private Limited.
Cyril Amarchand Mangaldas (CAM) advised Nxt-Infra Trust (“Trust”), an infrastructure investment trust, by way of a private placement of units at a