Khaitan & Co acted as legal counsel in relation to the issuance of unsecured, rated, subordinated, listed, redeemable, non-convertible debentures ("Debentures") constituting tier-II capital aggregating up to INR 300 crore by ICICI Securities Primary Dealership Limited, on a private placement basis. The issue was oversubscribed with bids worth INR 332 crore received on BSE EBP Bond Platform in addition to an anchor bid portion of 30% of the base issue size reserved for the anchor investor. The proceeds of issue will be utilised for strengthening the capital adequacy by way of augmenting the Company's Tier-II capital and for enhancing its long-term resources.
The core team consisted of Manisha Shroff (Partner), Arijit Sarkar (Counsel), Siddarth Goel (Senior Associate) and Mishi Malhotra (Associate).
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