SNG & Partners assists ICICI on issuance of non-convertible debentures by DLF Cyber City Developers

The debentures have face value up to ₹ 500 crore
SNG & Partners assists ICICI on issuance of non-convertible debentures by DLF Cyber City Developers

ICICI Bank Limited (acting as an arranger) and the debenture trustee subscribed to 5000 senior, secured, rated, listed, redeemable, rupee denominated, non-convertible debentures having a face value of ₹ 10,00,000 each, aggregating up to ₹ 500,00,00,000, issued and allotted by DLF Cyber City Developers Limited.

SNG & Partners acted as the legal counsel to ICICI Bank Limited and debenture trustee by providing comprehensive legal advice on the transaction including but not limited to the drafting, reviewing, and negotiation of transaction documents and subsequent listing of the debentures on the stock exchange.

The transaction team consisted of Amit Aggarwal (Senior Partner), Aditya Vikram Dua (Associate Partner), Aniket Sawant (Senior Associate), and Parvathi Menon (Associate).

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