Juris Corp provided legal assistance to DivyaSree Realty Constructions (Bangalore) Private Limited (DivyaSree), a major real estate developer in Southern India, to issue secured and unlisted non-convertible debentures (NCDs) aggregating to Rs.100 crore.

The said finance is meant the interalios finance and support the developmental expenses in relation to one of the projects in Southern India comprising of plotted developments and villa development being constructed in phases. The NCDs were subscribed by a foreign portfolio investor.

Juris Corp acted as the investor counsel and their role involved structuring, drafting legal documents, negotiating the terms of the borrowing captured in the transaction documents and advising on title verification and carefully analysing the security package and advising on the regulatory compliances around the same. The transaction documents were drafted carefully to ensure that the investors requirements are precisely incorporated and their interests are safeguarded while ensuring that the terms of the financing are as per the requirements of DivyaSree and the investors.

The issuance was led by Juris Corp’s Debt Capital Markets team along with the support of the Real Estate team. The team comprised Equity Partner Apurva Kanvinde, Principal Associate Smit Parekh, Senior Associate Viidhi Chopra along with Associates Harshit Khandelwal and Charu Chitransh.