R.A.K. Ceramics India Private Limited has made an issuance of senior, secured, rated, listed, redeemable, non-convertible debentures (“NCDs”) on a private placement basis, aggregating to ₹200 crore.
JSA Advocates & Solicitors advised RAK Ceramics India on this NCD issuance. The Firm assisted with respect to the drafting, negotiation, and execution of the financing documents, ensuring legal and regulatory compliance. The Firm worked collaboratively with the stakeholders located in multiple jurisdictions ensuring the timely and precise closure of documentation and all conditions precedent, enabling successful execution of the deal.
The transaction was led by Anish Mashruwala (Partner), with support from Srinjoy Bhattacherjee (Partner), Swarna Hardikar (Senior Associate), Simrann Venkkatesan (Senior Associate) and Madhur Bhatt (Associate).
RAK India is a wholly owned subsidiary of RAK Ceramics PJSC, which is one of the largest ceramics brands in the world.
The proceeds from the NCDs are to be used for general corporate purposes and certain identified capital expenditure.
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