SNG & Partners advises on ₹1,100 crore NCD issuance by DLF Cyber City Developers

SNG & Partners has advised on a strategic listed debt issuance of ₹1,100 crore by DLF Cyber City Developers Limited (DCCDL).

The firm advised the investor and the debenture trustee on the issuance of listed, secured, non-convertible debentures (NCDs) of an amount aggregating to ₹1,100 crore. The Firm acted as legal counsel, engaging in the drafting, reviewing, and negotiation of transaction documents, advising on compliance with the Companies Act, 2013 and relevant RBI and SEBI guidelines, and facilitating listing and execution protocols.

The transaction was led by Aditya Vikram Dua (Partner and Head of Financial Services), with Aniket Sawant (Associate Partner), Parvathi Menon (Senior Associate) and Aditi Singh (Associate) forming the core execution team.

DLF Cyber City Developers Limited is a subsidiary of DLF Limited that houses DLF’s commercial leasing assets, and a leading player in India’s commercial real estate sector.

The proceeds are earmarked to support DCCDL’s routine operations and the completion of its ongoing projects including, operational expenses of DLF Cyber Green, DCCDL’s commercial project in Gurugram, Haryana.

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