S&R Associates represented Aditya Birla Fashion and Retail Limited, a listed Indian fashion retail company, in its INR 5 billion issuance of listed non-convertible debentures on a private placement basis.

The S&R team was led by partners Arpita Garg and Kinnari Sanghvi, and included associates Manan Sheth and Harshdeep Singh Bedi.

For reference, please see the stock exchange announcement below in relation to the transaction:

https://www.abfrl.com/wp-content/uploads/2024/09/NCD_SE_Intimation_Allotment.pdf