Wanbury Limited has successfully completed the early redemption of its secured, unlisted, redeemable, and non-convertible debentures, amounting to ₹205 crore. This strategic financial move was facilitated by Rajani Associates, who provided legal counsel to Wanbury, its promoters, and other related entities involved in the transaction.
The redemption process was complemented by refinancing arrangements secured from certain non-banking financial companies (NBFCs). These refinancing facilities played a crucial role in enabling the redemption of the debentures, ensuring a smooth financial transition for the company.
The legal team leading this transaction included Rajeev Nair, a Partner at Rajani Associates, who spearheaded the advisory services. He was ably supported by Gitika Makhija and S. Shivganesh, both Principal Associates at the firm.
This transaction underscores Wanbury’s commitment to maintaining a robust financial structure while optimizing its debt management strategy. The collaboration with Rajani Associates highlights the importance of expert legal guidance in navigating complex financial transactions.
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