Our firm advised and acted for Kotak Mahindra Bank Limited in connection with a structured term loan aggregating up to INR 3,240 million availed by Reque Developers Private Limited. The facility has been utilized to acquire rights over the unsold inventories in certain real estate projects from Embassy Group entities. The consideration is structured as a combination of cash and various forms of optionally convertible debentures (OCDs), with market-linked variable redemption and tenure.
Deal amount: INR 3,240 million/ USD 38 million (approx.)
INDUSLAW Team:
Ashutosh Narang (Partner), Shubrajeet Mahapatra (Senior Associate), Naman Jain (Associate), Devansh Doshi (Associate), Manohar Singh (Associate).
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