Firm Matters
BackKhaitan & Co acted as legal counsel to ICICI Securities Ltd (“Issuer”) in connection with its issue of 50,000 fully paid, unsecured, rated, listed, redeemable, non-convertible debentures aggregating to INR 5,000 million (including an option to retain over subscription of up to INR 2,500 million), on a private placement basis (“Issue”).
The bidding for the Issue was successfully completed through the electronic book provider platform of NSE under a coupon discovery process, and the debentures were allotted on a multiple yield allotment basis. The Issue has been assigned “CRISIL AAA / Stable” and “[ICRA] AAA (Stable)” by CRISIL Ratings Limited and ICRA Ltd, respectively.
Deal Team
The core team consisted of Manisha Shroff (Partner), Arijit Sarkar (Partner), Siddarth Goel (Senior Associate), Akshansh Sharma (Senior Associate) and Shubha Ojha (Associate).
