Juris Corp assists Patel Engineering Limited in its debut listing of its debt of INR 100 crores on NSE Limited. Patel Engineering is India’s leading infrastructure and construction company with a legacy dating back to 1949.
The debt was in the nature of secured non-convertible debentures issued on a private placement basis to finance liquidity requirements for the ongoing projects and to meet mobilization requirements of new projects. The borrowing is fully secured by way of a mortgage over multiple immovable properties situated in different parts of India by entities within the group.
Patel Engineering specializes in executing complex engineering projects across sectors such as hydropower, tunnelling, irrigation, transportation, and urban infrastructure.
The issuance was led by Juris Corp’s Debt Capital Markets team along with the support of their Real Estate team.
The team included Partner Apurva Kanvinde, Senior Associate Smit Parekh, Senior Associate Viidhi Chopra and Associate Devyansh Desai.
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