Krishnamurthy and Co | View firm profile
Krishnamurthy & Co. (K Law) advised a leading Asia-focused performing credit fund in connection with its debt investment in a market-leading Maharashtra based company engaged in development of power/ electrical infrastructure and data centres.
The private credit investor subscribed to certain senior, secured, unlisted, unrated, redeemable non-convertible debentures aggregating up to INR 200 Crore (along with certain green shoe option) issued by the Maharashtra based issuer.
K Law was the transaction counsel acting for the private credit investor and was involved in structuring the transaction and drafting, negotiating, and finalising all debenture documents and security documents in relation to the non-convertible debentures. K Law was also involved in conducting legal due diligence on the issuer and all security providers, assisting in the execution and closing of the transaction, and advising the private credit investor on various legal and regulatory issues pertaining to subscription to the non-convertible debentures.
The transaction was led by Zeeshan Khan (Partner) supported by Anirban Roy Choudhury (Principal Associate) and assisted by a team of Associates.
The private credit investor with offices in India and Singapore is a market leader in the performing credit market in Asia and provides private credit solutions to high-growth corporates across various sectors.
The western Maharashtra based issuer is engaged in undertaking turnkey electrical projects (including high-tension/ low-tension installations and erection of substations), constructing major power infrastructure projects across a diverse range of sectors (including IT parks, airports, malls, hospitals, hotels, commercial complexes, and railway electrical infrastructure) among other things.