Juris Corp provided legal assistance to Muthoot MCred Limited (Muthoot MCred) for issuance of listed non-convertible debentures (NCDs) on a private placement basis.
Muthoot MCred raised INR 1200,00,00,000/- (Indian Rupees One Thousand Two Hundred Crores Only), through NCDs in multiple issuances by way of private placement. The NCDs were secured by way of hypothecation of its loan receivables and were listed on the debt segment of BSE Limited.
Juris Corp’s role involved providing legal advice to Muthoot MCred for legal documentation and listing on the stock exchange. The legal documents were drafted to ensure that each of the investors’ requirements are precisely incorporated and their interests are safeguarded while making sure that the terms of the financing are as per the requirements of the borrower and investor.
Juris Corp provided end to end support from assisting with the in-principle approval, final listing approval, drafting of the transaction documents, negotiation and execution of the transaction documents.
The issuance was led by Juris Corp’s Debt Capital Markets team led by Equity Partner Apurva Kanvinde, Principal Associate Smit Parekhand Associate Harshit Khandelwal.
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