SNG & PARTNERS | View firm profile
SNG & Partners has successfully advised the investor and the debenture trustee on the issuance of 30,000 senior, secured, redeemable, listed, rated, non-convertible debentures (NCDs), each having a face value of INR 1,00,000, aggregating to INR 300 crores.
The NCDs were issued and allotted by Lodha Developers Limited (“LDL”), one of India’s leading real estate developers with a diversified portfolio across residential, commercial, and mixed-use projects. LDL has built a strong presence in key urban centers such as Mumbai, Pune, and Bangalore, offering a wide spectrum of developments – from luxury residences to affordable housing and large-scale townships. Its marquee brands including “Lodha”, “CASA by Lodha” and “Crown – Lodha Quality Homes” exemplify LDL’s focus on quality, design, and customer-centricity.
The financing, structured through the issuance of NCDs, is strategically designed to support LDL’s capital expenditures, long-term working capital needs, debt refinancing, and routine business operations, thereby reinforcing its growth and expansion plans.
SNG & Partners acted as the legal counsel to the investor and the debenture trustee, and has engaged in the drafting, reviewing, and negotiation of transaction documents, and ensuring the subsequent listing of the debentures on the stock exchange.
The transaction was led by Aditya Vikram Dua (Partner), with Aniket Sawant (Associate Partner), Parvathi Menon (Senior Associate), Kartikeya Rao (Associate) and Yukta Bhawalkar (Associate) forming the core transaction team.
