Khaitan & Co Advised Profectus Capital On ₹205 Cr Non-Convertible Debentures Issuance

Khaitan & Co Advised Profectus Capital on ₹205 Cr Non-Convertible Debentures Issuance

Khaitan & Co advised Profectus Capital Pvt. Ltd. on the issuance of listed and secured non- convertible debentures (NCDs) worth INR 205 crores, privately placed and subscribed by the International Finance Corporation (IFC), a member of the World Bank Group.

Profectus Capital, a non-banking finance company focused on micro, small, and medium enterprises (MSMEs), raised these funds to finance energy-efficient (EE) machinery for MSMEs in India, marking IFC's first investment in this niche area of the financial services sector.

The NCDs have been classified as green bonds, as the proceeds will be used to finance green assets. Profectus Capital has developed a Green Bond Framework in accordance with the International Capital Market Association's Green Bond Principles. IFC's investment will help

Profectus Capital scale up EE equipment financing for MSMEs, contributing to India’s climate goals. Additionally, IFC's investment is supported by advisory services under the European Union’s Accelerating Climate Smart & Inclusive Infrastructure in South Asia (ACSIIS) program. As part of this initiative, IFC will provide targeted advisory support to help Profectus Capital identify EE assets, build operational capacity, and create a growth plan to reduce greenhouse gas emissions.

The deal team at Khaitan & Co was led by Partner Riya Bhattacharjee, with Senior Associate Rajshekhar Upadhyaya and Associates Akshansh Sharma and Palak Jhalani.