Cyril Amarchand Mangaldas advised on issuance of NCDs by Five Star Business Finance

Cyril Amarchand Mangaldas advised on issuance of NCDs by Five Star Business Finance

Cyril Amarchand Mangaldas (CAM) advised Five-Star Business Finance Limited (Five Star) on issuance senior, secured, unsubordinated, rated, listed, transferable, taxable, redeemable, non-convertible debentures (NCDs), each having a face value of INR 1,00,000 aggregating to INR 105 crore.

The Banking, Corporate & Structured Finance Practice of Cyril Amarchand Mangaldas advised on the transaction. The Transaction team was led by Lakshmi Prakash, Partner; with support from Kushal Rohira, Principal Associate-Designate; Kalpalathikaa M, Associate; and Himanshi Mahajan, Associate.

Vijay Parthasarathi, Partner & Regional Co-head Markets Practice (Southern Region)); acted as relationship partner.

Other parties and advisors to the transaction included Catalyst Trusteeship Limited (acted as debenture trustee for Five-Star Business Finance Limited) and NSDL Database Management Limited (acted as registrar for Five-Star Business Finance Limited).

The deal was signed on 11th December 2023; and closed on 12th December 2023.

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