Khaitan advises Inox on debentures issuance

Khaitan & Co advised Inox Wind Infrastructure Services Limited in connection with the issuance and subscription of 3000 listed and rated, non-convertible debentures aggregating to INR 300 Crores secured by way of (a) a first ranking charge over all its movable assets and immovable properties situated in Gujarat and Madhya Pradesh, and (b) a corporate guarantee from Gujarat Fluorochemicals Limited, a holding company of the Issuer and subscribed by Reliance Mutual Fund.

Manisha Shroff (Partner), Krishnendu Sen (Senior Associate), Oindrila Bhowmik (Associate) and Meenakshi Kurpad (Associate) represented the client on the transaction.