Khaitan advises Seaways Group entities in relation to debentures

Khaitan & Co advised the entities of the Seaways Group – Seaways Shipping and Logistics Limited (SSLL) and Mosavi Enterprises Private Limited (MEPL) in relation to the issue of (i) 640 unlisted, senior, secured, redeemable, non-convertible debentures aggregating up to INR 64 crores by SSLL; and (ii) 960 unlisted, senior, secured, redeemable, non-convertible debentures aggregating up to INR 96 crores by MEPL as pre-IPO funding transaction.

The investor group includes EW Special Opportunities Fund II Pte Ltd, an entity belonging to the Edelweiss Group.

Seaways Group is the second largest logistics services provider in India.

Manisha Shroff (partner), Madhuparna Dasgupta (principal associate), Krishnendu Sen (senior associate) and Dhwani Shah (associate) led the transaction with support from Thomas George (associate partner), Kirti Krishna (senior associate) and Suman Prabhu (associate).