Juris Corp acted as the investor counsel to T-Hills Private Limited (“Issuer”), a subsidiary of Puravankara Limited in relation to the issue of commercial papers (“CPs”); and listed and secured non-convertible debentures issued on a private placement basis (“NCDs”). The NCDs were guaranteed by the parent company, Puravankara Limited and the mortgage was created over the immovable properties of the Issuer. The funds were raised for refinancing purpose with respect to the debt availed for funding its project at Devanhalli, Bengaluru.
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