IFC has subscribed to unsecured, rated, redeemable, listed, non-convertible debentures for an aggregate principal amount of up to ₹100 crore by Ashiana Housing Limited, through the electronic book building process.

TT&A advised IFC on this transaction.

The transaction team consisted of Gautam Saha (Partner), Nikhil Bahl (Partner) and Daksh Middha (Senior Associate).

AP & Partners advised Ashiana Housing on the NCD issuance.

The transaction team consisted of Dushyant Kumar (Partner), Siddhartha Tandon (Senior Associate), Vaivaswatha Yagani (Associate) and Shambhavi Sharma (Associate).

The proceeds from the subscription will be used by Ashiana Housing towards inter alia the acquisition of land and construction of housing project in Gurugram.

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