Deal: Trilegal represented Muthoot Finance in the proposed public issue of NCDs

Trilegal acted as the sole legal counsel to the proposed public issuance of non-convertible debentures (“NCDs”) by Muthoot Finance Limited (“Issuer”) with a shelf limit of INR 26,000 million and the tranche I issue thereunder aggregating up to INR 3,000 million.

The Issuer is the largest gold loan non-banking financial corporation in India in terms of loan portfolio, and this is one of the first public issuance of NCDs to be undertaken by a company under the SEBI NCS (Amendment) Regulations, 2023 which sets out a specific period of subscription in public debt issue.

The deal team was led by Partners, Richa Choudhary and Joseph Jimmy (Partner) and comprised Counsel, Archana Rawat; Senior Associate, Avanti Kale; and Associates, Lalitha Nandula, Aman Bahl and Kaaba Khan.

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 ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year”by VCCircle Awards 2020; ‘Law Firm of the Decade’ at the RSG Grow India Summit and Awards 2019; 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. Trilegal has also been recognised as one of the ‘Best Overall Law Firms in India’ as part of the India Business Law Journal Annual Indian Legal Awards 2021.

For more information, please contact:

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