IIFL Finance Limited has successfully updated its $1 billion Global Medium Term Note Programme (GMTN Programme) on the Indian IFSC Gift City stock exchanges, specifically India INX and NSE IX. This strategic update enables IIFL Finance to issue debt notes periodically in the international capital markets, broadening its financial capabilities.
Legal Advisory by Khaitan & Co
Leading this significant financial transaction, Khaitan & Co provided legal counsel to IIFL Finance. The advisory team was spearheaded by Partner Manisha Shroff, supported by Principal Associate Rajshekhar Upadhyaya, Senior Associate Nikunj Mehta, and Associates Charul Lunia, Nandini Arya, and Shivansh Kumar Jain. Expertise on tax law was delivered by Executive Director Vinita Krishnan, along with Partners Ashish Mehta and Sneh Shah, Principal Associate Ujjval Gangwal, and Associate Pal Jain.
Role of JSA Advocates & Solicitors
JSA Advocates & Solicitors advised the arrangers and dealers, which included J.P. Morgan Securities plc, The Hongkong and Shanghai Banking Corporation Limited, and Standard Chartered Bank. The transaction was led by Partners Arka Mookerjee and Soumitra Majumdar from JSA. The Capital Markets team, guided by Partner Pracheta Bhattacharya and Associate Aditya Sureka, alongside the Banking & Finance team with Principal Associate Deboshree Mukherjee, played pivotal roles in the process.
About IIFL Finance
IIFL Finance is a prominent non-banking financial company in India, offering a wide array of financial products such as gold loans, home loans, business loans, microfinance, and capital market finance solutions. The updated GMTN Programme provides IIFL Finance with a robust platform to engage with international investors, thereby enhancing its operational and financial flexibility.
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