Talwar Thakore & Associates (TT&A) acted as the Indian law counsel to GuarantCo. (“GCO”) in the credit enhancement (by way of a partial guarantee) provided by GCO to the debenture trustee in relation to 20,000 rated, listed, senior, secured, redeemable, transferable, non-convertible debentures, with an aggregate nominal value of INR 200,00,00,000 (Indian Rupees Two Hundred Crores) issued by Vivriti Capital Limited.

This transaction is unique because it involves a rare credit enhancement structure provided by a non-resident entity in respect of domestically issued listed debentures and will serve as an important step towards helping mobilize funds on the back of such credit enhancement from institutional investors, including insurance companies, pension funds, and mutual funds, into the bond market.

The TT&A Team comprised of Partners Ambarish Mohanty & Pallavi Meena, Managing Associate Ankita Mandal, and Associate Daksh Middha.