Desai & Diwanji assists Shapoorji Pallonji group in settling its debt

The debt amounted to the value of ₹12,450 crore

Shapoorji Pallonji Group has exited a one-time restructuring scheme by paying ₹12,450 crore to all its leaders.

Desai & Diwanji advised the Shapoorji Pallonji Group on the scheme.

Three teams from the firm assisted with different aspects of the transaction and all the teams were led by Senior Partner Apurva Diwanji.

One of the teams was led by Partners Natasha Treasurywala and Farida Dholkawala while being assisted by Associate Partner Shireen Langrana and Associates Alister Sequeira and Savari Doshi.

Another team was led by Partner Rahul Chauhan assisted by Associate Partner Vishal Mali and Associate Aradhana Dey.

The real estate team was headed by Senior Partner Ruzbeh Mistry and assisted by Associate Partner Anuja Thakar.

The accelerated repayment was enabled by the Mistry family infusing over ₹5,100 crore into the company in the past one year. That apart, Shapoorji Group said it has also achieved marquee monetization worth ₹3,750 crore from two of its assets, including Sterling Wilson Renewable Energy Ltd and Eureka Forbes Ltd.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.

Bar and Bench - Indian Legal news