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Wadia Ghandy & Co. has advised RMBS Development Company Limited (RDCL) in India’s maiden listed residential mortgaged backed securitisation transaction.
Originated by LIC Housing Finance Limited, this is the first securitisation transaction in India where price discovery was made through Electronic Book Provider Platform (EBP). The PTCs have been listed on the National Stock Exchange.
Partner Ayush Srivastava led the transaction and was assisted by associates Vidur Mehta, Anmol Srivastava and Rasmiika Punnose. Senior partner Nihas Basheer provided strategic inputs.
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