Cyril Amarchand Mangaldas acted as legal counsel for Navi Finserv Limited on the issue of secured, rated, listed redeemable NCDs under the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021.
The Capital Markets Practice of Cyril Amarchand Mangaldas advised Navi Finserv Limited on the transaction. The transaction team was led Vijay Parthasarathi, Partner & Regional Co-head Markets Practice (Southern Region);Lakshmi Prakash, Partner; with support from Akshay Singh Ralhi, Principal Associate- Designate; Kushal Rohira, Principal Associate- Designate; Vedansh Batwara, Associate; Tanvi Ramdas, Associate; and Prajna Kariappa, Associate.
As part of the transaction, Navi Finserv Limited’s issued NCD’s for an amount aggregating up to INR 250 crore, with an option to retain oversubscription up to INR 250 crore (Green Shoe Option) aggregating up to INR 500 crore.
The Transaction was signed on 7th February 2023 and closed on 18th July 2023.
About Cyril Amarchand Mangaldas:
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With 1000 lawyers and 170 Partners, the Firm is the largest full-service law firm in India and offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore.
The Firm recently received “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards and the “National Law Firm of the Year: India” award at the IFLR Asia Pacific 2022 awards ceremony. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2021.
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