{"id":47066,"date":"2025-01-30T09:37:23","date_gmt":"2025-01-30T09:37:23","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=47066"},"modified":"2025-01-30T09:37:36","modified_gmt":"2025-01-30T09:37:36","slug":"k-laws-partner-zeeshan-khan-advised-india-resurgence-fund-and-anthea-aromatics-group-company-catasynth-speciality-chemicals-in-connection-with-availing-debt-financing-from-axis-bank-limited","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/k-laws-partner-zeeshan-khan-advised-india-resurgence-fund-and-anthea-aromatics-group-company-catasynth-speciality-chemicals-in-connection-with-availing-debt-financing-from-axis-bank-limited\/","title":{"rendered":"K Law\u2019s Partner, Zeeshan Khan, advised India Resurgence Fund and Anthea Aromatics group company Catasynth Speciality Chemicals in connection with availing debt financing from Axis Bank Limited"},"content":{"rendered":"<p><strong>Cat\u00e0synth Speciality Chemicals Private Limited availed certain term credit facilities from Axis Bank Limited. Cat\u00e0synth Speciality Chemicals, headquartered in Navi Mumbai,<\/strong><!--more--><span style=\"font-size: 1rem\">manufactures a range of downstream products from pyrocatechol, and has one of the largest manufacturing capacities for synthetic piperonal in the world, which is used as a key intermediate to manufacture active pharmaceutical ingredients like tadalafil, droxidopa, and stiripentol. Anthea Aromatics Private Limited, the promoter of Cat\u00e0synth Speciality Chemicals is an investee company of India Resurgence Fund, a major India focused alternative investment platform sponsored by Piramal Group and Bain Capital Credit.<\/span><\/p>\n<p>Krishnamurthy &amp; Co. (K Law)\u00a0advised India Resurgence Fund, Cat\u00e0synth Speciality Chemicals, and Anthea Aromatics in relation to availing of certain credit facilities from Axis Bank Limited. K Law was involved in reviewing, negotiating, and closing the financing and security documents, and the negotiations for this transaction spanned months.<\/p>\n<p>This debt transaction preceded the INR 1000 Crore equity investment by India Resurgence Fund in Anthea Aromatics. Pursuant to the equity investment, India Resurgence Fund has acquired controlling stake in Anthea Aromatics (which was a mandatory requirement as a condition subsequent to availing the term credit facilities from Axis Bank Limited).<\/p>\n<p>The transaction was led by Zeeshan Khan\u00a0(Partner) and supported by Anirban Roy Choudhury (Senior Associate), and a team of associates.<\/p>\n<p>India Resurgence Fund\u2019s business team was led by Mitesh Kothari supported by in-house counsel, Anubha Sital.<\/p>\n<p>Axis Bank Limited business team was led by Shantanu Kanhe and was advised by <strong>Khaitan &amp; Co.<\/strong> led by Manisha Shroff.<\/p>\n<p><strong>Trilegal <\/strong>advised India Resurgence Fund in connection with the equity investment, and Anthea Group and its existing shareholders were advised by <strong>JSA<\/strong>.<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-47066","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/47066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=47066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}