Deal: Public Issue of NCDs aggregating up to INR 1,000 crores by Piramal Enterprises Limited

Trilegal acted as transaction counsel to Piramal Enterprises Limited and A.K. Capital Services Limited, Nuvama Wealth Management Limited, JM Financial Limited and Trust Investment Advisors Private Limited, in connection with the tranche I issue of secured, rated, listed, redeemable, non-convertible debentures (NCDs) of face value INR 1,000 each aggregating up to INR 1,000 crore (Tranche I Issue) by Piramal Enterprises Limited, which is within its Shelf Prospectus limit of INR 3,000 crores.

This is the debut of public issue of NCDs by Piramal Enterprises Limited.

The team advising on capital markets-related matters was led by Bhakta Patnaik and Albin Thomas (Partners) and comprised Bhargavi Mahajan and Malika Grewal (Senior Associates), Arsh Sinha, Anoushka PV, Janhavi Shah, Akanksha Goel and Shambhavi Sharma (Associates).

The team advising on banking and finance-related matters was led by Ameya Khandge (Partner) and comprised Aseem Dhawan (Counsel), Pragya Pugalia (Senior Associate), and Aastha Singh (Associate).

Media Link:

Piramal Enterprises to raise ₹1,000 crore through NCD issuance | Mint (livemint.com)

About Trilegal

Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.

Trilegal has been recognised as the India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; one of the ‘Best Overall Law Firms’ at the India Business Law Journal Indian Law Firm Awards 2022; ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year” by VCCircle Awards 2020 one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020; and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020.

For more information, please contact:

Sahil Wason
Mob: +91-8928008122 | BD@trilegal.com