RAK Ceramics India Private Limited has successfully issued senior, secured, rated, listed, redeemable, non-convertible debentures (NCDs) amounting to ₹200 crore. This strategic financial move was facilitated through a private placement. JSA Advocates & Solicitors played a pivotal role in advising RAK Ceramics India throughout this issuance.
The legal team at JSA was instrumental in drafting, negotiating, and executing the necessary financing documents. Their guidance ensured adherence to all legal and regulatory mandates. The firm worked in close collaboration with stakeholders across various jurisdictions, effectively managing the timely completion of documentation and meeting all preconditions to bring the transaction to fruition.
This significant deal was spearheaded by JSA’s Partner, Anish Mashruwala, with substantial contributions from Partner Srinjoy Bhattacherjee, Senior Associates Swarna Hardikar and Simrann Venkkatesan, and Associate Madhur Bhatt.
RAK Ceramics India operates as a wholly-owned subsidiary of RAK Ceramics PJSC, a global leader in the ceramics industry. The capital raised from this NCD issuance is earmarked for general corporate purposes along with some identified capital expenditures.
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