IndusLaw provided legal counsel to Kotak Mahindra Bank regarding a structured term loan of up to INR 3,240 million for Reque Developers.
This financing was utilized to acquire inventory rights across multiple real estate projects from Embassy Group entities. The transaction involved a combination of cash and optionally convertible debentures (OCDs) with variable redemption terms tied to market conditions.
Reque Developers, undertook the acquisition of inventory rights in real estate projects from entities within the Embassy Group. The financing structure included both cash and optionally convertible debentures (OCDs), with flexible redemption and duration terms influenced by market conditions.
The deal team from IndusLaw included Partner Ashutosh Narang, Senior Associate Subhrajeet Mahapatra, and Associates Naman Jain , Devansh Doshi and Manohar Singh.
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