April 11, Delhi/Mumbai: Cyril Amarchand Mangaldas (CAM) advises ICICI Bank Limited and Axis Bank Limited (Arrangers) in issuance of listed, rated, secured, redeemable,non-convertible debentures of the nominal value of INR 1,00,000 each, aggregating to not more than INR 800 crores (NCDs) by Delhi International Airport Limited. CAM played crucial role in drafting of documents to ensure compliance with recent SEBI regulations and guidelines

The Project & Project Finance team of Cyril Amarchand Mangaldas advised on the transaction. The transaction team was led by Ajay Sawhney, Partner & Aditi Misra, Partner, with support from Aditya Prakash, Senior Associate; Ragini Agarwal, Associate; and Shravani Shendye, Associate.

Other advisors to the transaction included Axis Trustee Services Limited, acted as debenture trustee; Delhi International Airport Limited, acted as issuer; ICICI Bank Limited, acted as arranger; Axis Bank Limited, acted as arranger.

The transaction was signed on 21st March, 2024 and closing was done on 22nd March, 2024.


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