CAM acts on Vodafone Idea ₹3,300 crore NCD issuance

Vodafone Idea Telecom Infrastructure Limited has made an issuance and allotment of unlisted, unrated, secured and redeemable non-convertible debentures of an aggregate amount of ₹3,300 crore.

Cyril Amarchand Mangaldas advised JM Financial Products Limited, the transaction advisor and exclusive debt arranger for the transaction, and Vodafone Idea Telecom, on this NCD issuance. The Firm provided comprehensive legal advisory services throughout the structuring, negotiation, and execution phases of the transaction.

The transaction was led by Subhojit Sadhu (Partner - Finance & Infrastructure, Director (CAM - Middle East)), with support from Apoorv Jain (Principal Associate) and Associates Mansi Jain, Srijeeta Chakraborty and Dyuti Anand.

Yash J. Ashar (Senior Partner) and Amey Pathak (Partner, Head – Banking) provided their strategic inputs.

Kunal Savani (Partner) and SR Patnaik (Partner), with support from Bipluv Jhingan (Principal Associate), Shivam Garg (Principal Associate) and Vaibhav Zaveri (Consultant) advised on tax related aspects of the transaction.

Srinivas Chatti (Partner), with support from Aishwarya Wagle (Principal Associate) advised on disputes aspects of the transaction.

Madhav Kanoria (Partner) and Surbhi Pareek (Partner), with support from Neha Shivhare (Principal Associate) and Tara Ranade (Associate) advised on insolvency aspects of the transaction.

Vodafone Idea Telecom made the NCD issuance for the purpose of meeting its payment obligations to Vodafone Idea Limited, enabling the telco to bolster its capital expenditure and support business growth. 

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