S&R Associates represented Aditya Birla Renewables Limited, a wholly-owned subsidiary of Grasim Industries Limited, in its INR 25 billion issuance of listed non-convertible debentures on a private placement basis, which included a base issue size of INR 20 billion and a green shoe option issue of INR 5 billion.
The S&R team was led by partner Arpita Garg on corporate matters and banking and finance matters and included associates Manan Sheth and Harshdeep Singh Bedi. Partner Kinnari Sanghvi and associate Oshika Nayak also advised on corporate matters.
For reference, please see the stock exchange announcement below in relation to the transaction:
https://nsearchives.nseindia.com/corporate/GRASIM_24092024171142_SEIntimation.pdf