SNG & Partners Facilitates Initial Investment in HDFC-Hulic Debt Platform
SNG & Partners has played a pivotal role in the initiation of the first investment executed through a collaborative senior secured debt platform established by Hulic Co., Ltd. and HDFC Capital Advisors Limited. This investment marks a significant milestone, facilitated through the subscription to unlisted, secured, non-convertible debentures.
In their capacity as legal counsel, SNG & Partners provided comprehensive advisory services to both the investors and the debenture trustee. Their involvement included drafting, reviewing, and negotiating transaction documents, with particular attention to the cross-border elements inherent in the transaction.
The transaction was strategically guided by Amit Aggarwal, Managing Partner of the Corporate & Non-Contentious Practice at SNG & Partners. The core transaction team comprised Aditya Vikram Dua, Partner and Head of Financial Services, alongside Aniket Sawant, Associate Partner, and associates Kartikeya Rao and Sonali Nagariya.
This platform has been conceptualized to offer senior secured debt financing specifically for residential housing development projects within India. The inaugural investment is directed towards a premier residential development project situated in Western Mumbai.
In related developments, Touchstone Partners has been advising HDFC Capital Advisors on the establishment of a GIFT City Alternative Investment Fund (AIF).
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