Cyqure India Private Limited, a Hinduja group company, has raised ₹30 billion (Rs. 3,000 crore) in financing by way of zero coupon, secured, listed, rated, redeemable, non-convertible debentures issued by the company.
JSA advised 360 ONE Alternates Asset Management Limited as the mandated lead arranger in connection to this financing.
The Banking and Finance team on JSA which advised on the transaction consisted of Utsav Johri (Partner), Aditi Sehgal (Partner), Sahil Unadkat (Senior Associate), Harshil Shubham (Senior Associate), Zahan Kalyaniwalla (Senior Associate) Rithika Rarichan (Associate) and Suprabh Garg (Associate).
The proceeds of the NCDs will be utilised to partly fund IIHL’s acquisition of Reliance Capital Limited in the corporate insolvency resolution process of Reliance Capital.
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