The Platform has been set up to provide senior secured debt financing for residential housing development projects in India. This inaugural transaction involves a marquee residential development project located in Western Mumbai, and the investment was effected by way of subscription to unlisted, secured, non-convertible debentures.
The investment was effected by way of subscription to unlisted, secured, non-convertible debentures. This transaction represents the Platform's first deployment and involves a marquee residential development project located in Western Mumbai.
SNG & Partners acted as the legal counsel to the investors and the debenture trustee, and has engaged in the drafting, reviewing, and negotiation of transaction documents and also on the cross-border aspects involved in the transaction.
Amit Aggarwal (Managing Partner – Corporate & Non-Contentious Practice) provided strategic inputs on the transaction with Aditya Vikram Dua (Partner, Head of Financial Services), Aniket Sawant (Associate Partner), Kartikeya Rao (Associate) and Sonali Nagariya (Associate) forming the core transaction team.