Dhir & Dhir Associates has acted as the legal advisor in the issuance of 6440 (Six Thousand Four Hundred Forty) non- convertible debentures (NCDs) of the aggregate value of INR 64,40,00,000(Rupees Sixty Four Crores and Forty Lakh) by Pavitra Conbuild Private Limited to SWAMIH INVESTMENT FUND I(Fund). The Fund invested the amount by way of subscription of NCDs in the issuer company to enable it to complete the real estate project titled as “The Sapphire’, GH Plot 02, Township Jaipuria Sunrise Greens situated at H Block, Village Shahpur Bamheta, Ghaziabad, Uttar Pradesh. The transaction had involvement of the debenture trustee representing the debenture holders alongwith a co-obligor structure wherein each individual had undertaken to provide support to the issuer company by way of personal guarantee.

The team included Mr. Guranpreet Singh Sarna, Associate Partner; Ms. Shikha Singh, Senior Associate, Ms. Niharika Mantoo, Associate and Ms. Riya Manuja, Associate. The scope of work included conducting due diligence of the issuer company, its prokmoters; title search for 30 years over the Project land; drafting of the debenture trust deed, other financing documents and security documents considering the relevant provision of Applicable law relating to issuance of NCDs and advising the Fund and issuance of opinion on legal issues.