Khaitan & Co Advised ICICI Securities Primary Dealership On ₹300 Cr Tier-II Debenture Issuance
Khaitan & Co advised ICICI Securities Primary Dealership Limited on the issuance of subordinated, non-convertible Tier-II
Khaitan & Co Advised ICICI Securities Primary Dealership On ₹300 Cr Tier-II Debenture Issuance
Khaitan & Co advised ICICI Securities Primary Dealership Limited on the issuance of subordinated, non-convertible Tier-II debentures worth ₹300 crores.
As legal counsel, Khaitan & Co facilitated the issuance of unsecured, rated, subordinated, listed, redeemable, non-convertible debentures on a private placement basis. The issue was oversubscribed, receiving bids totaling ₹332 crores on the BSE EBP Bond Platform, including an anchor bid portion of 30% of the base issue size reserved for the anchor investor.
The proceeds of issue will be utilised for strengthening the capital adequacy by way of augmenting the Company's Tier-II capital and for enhancing its long-term resources.
The core team at Khaitan & Co consisted of Partner Manisha Shroff, Counsel Arijit Sarkar, Senior Associate Siddarth Goel, and Associate Mishi Malhotra.