Law firm KNM & Partners provides consultancy to Saya Hi-Tech for the issuance of ₹175 crore Non-Convertible Debentures (NCDs)
In a significant development for the Saya Group, Saya Hi-Tech Private Limited has successfully listed its non-convertible debentures (NCDs) on the Bombay Stock Exchange. The transaction was advised by KNM & Partners, a leading law firm, who handled all aspects of the process, including structuring, document review, negotiation, and finalization.
The transaction involved the issuance of ₹175 crore in listed, secured, redeemable, non-convertible debentures on a private placement basis. KNM & Partners coordinated with various intermediaries for smooth execution, compliance, and completion of the issuance and listing process.
Investment/asset funds managed by the Edelweiss Group subscribed to the NCDs. However, the specific funds within the Edelweiss Group that acquired the securities could not be identified from the available search results.
KNM & Partners also advised Saya Hi-Tech on regulatory compliance under the Companies Act, 2013 and the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021. This ensured that the transaction was carried out in accordance with all applicable laws and regulations.
The transaction team was led by Tanuj Hazari (Associate Partner) and Sidhant Ajmera (Associate Partner) at KNM & Partners. Their expertise and guidance were instrumental in the successful completion of the transaction.
This listing marks a significant milestone for Saya Hi-Tech and the Saya Group, providing them with additional capital to fuel their growth and expansion plans. It also underscores the confidence that investors have in the Group's business model and growth prospects.
With this successful transaction, KNM & Partners continues to demonstrate its prowess in the capital markets practice, providing strategic and efficient legal advice to its clients. The firm's ability to handle complex transactions and its commitment to delivering excellence have made it a preferred choice for many companies seeking legal advice in the capital markets space.
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