DSK Legal and Touchstone Partners advised on issuance of non-convertible debentures aggregating to INR 130 crore by Buildmex-Infra.
Buildmex-Infra Private Limited issued fully paid-up, unrated, unlisted, secured, redeemable, non-convertible debentures aggregating up to INR 130 crore on a private placement basis.
The debentures have a face value of INR 1,00,000 each and will be issued in one or more tranches in dematerialised form. The debentures are secured by way of hypothecation over the assets of the issuer and guarantees from the issuer’s group of companies.
DSK Legal acted as legal counsel to Stride Ventures Debt Fund 4 in relation to its subscription to non-convertible debentures issued by Buildmex-Infra Private Limited on a private placement basis.
The transaction was led by Associate Partner Rangam Sharma, with support from Associates Anushka Kashyap and Aditya Shah.
Partner Niraj Kumar provided strategic inputs on the deal.
Touchstone Partners acted as counsel to Buildmex-Infra Private Limited (the issuer) in relation to its issuance of the debentures.
The team advising on the transaction included Tanay Agarwal, Nikita Agarwal and Ayan Verma.