JSA, Khaitan act on Axis Bank non-convertible debenture investment in CESC

The deal amount is valued at ₹200 crore.
Axis Bank
Axis Bank

Axis Bank Limited has financed CESC Limited by way of subscription to unlisted, secured, pari passu and senior non-convertible debentures issued by CESC, for an amount of ₹200 crore.

IDBI Trusteeship Services Limited acted as a Debenture trustee in this transaction.

JSA advised both Axis Bank and IDBI Trusteeship Services on this transaction.

The transaction team consisted Soumitra Majumdar (Lead Partner), Abhishek Ray (Partner) and Aradhana Dey (Associate).

Soumitra Majumdar, Abhishek Ray
Soumitra Majumdar, Abhishek Ray

Khaitan & Co acted as the legal counsel for CESC in this transaction.

CESC is a flagship company of the RP-Sanjiv Goenka Group, engaged in the business of generating and supplying electricity in Kolkata, Howrah and adjoining areas.

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