Juris Corp acted as transaction counsel for the issuance of subordinated debt eligible for Tier II Capital, unsecured, subordinated, listed redeemable non-convertible debentures amounting up to INR 100,00,00,000/- (One Hundred Crores Only) on a private placement basis (NCDs) by Godrej Housing Finance Limited (GHFL) as governed by the RBI regulations and norms governing Tier II Capital.

Godrej Finance Limited (GHFL) is a subsidiary company of Godrej Capital Limited, and provides home loans to its clients.

Juris Corp aided GHFL in smoothly listing its debt securities on the National Stock Exchange of India Limited. The funds raised through this listing will be strategically utilized for various financing activities, including onward lending, repayment of existing indebtedness, working capital requirements, and general corporate purposes.

Juris Corp’s role included advising on the structure of the transaction such that the NCDs are eligible for classifying as a Tier II Capital pursuant to these regulations. As subordinated instruments, these NCDs will remain subordinate to other creditor claims of GHFL and will not be subject to restrictive covenants. Additionally, the NCDs cannot be redeemed at the discretion of debenture holders or without prior approval from the National Housing Bank.

The transaction team comprised Partner Apurva Kanvinde, Senior Associate Smit Parekh and Associate Devyansh Desai.