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STL Networks Limited has issued 15,000 rated, listed, senior, secured, redeemable, non-convertible debentures (NCDs), each with a face value of INR 1,00,000, aggregating to INR 150 crore.
The issuance comprised a base issue size of INR 100 crore along with a greenshoe option of INR 50 crore.
This transaction marks the first listed debt issuance by STL Networks Limited.
SNG & Partners acted as the legal counsel to STL Networks Limited in relation to this NCD issuance.
STL Networks Limited, operating under the brand name Invenia, is engaged in providing comprehensive network integration, setup and maintenance services. The company supports enterprises, telecom operators, and government bodies through its expertise in fiber network deployment, data center establishment, cybersecurity solutions and related infrastructure services.
The financing, structured as private placement of NCDs, has been undertaken to support the company’s working capital requirements and general corporate purposes.
The transaction was led by Aditya Vikram Dua (Partner and Head of Financial Services), with Nishtha Arora (Associate Partner), Shubham Mundada (Associate) and Kartikeya Rao (Associate) forming the core transaction team.