Khaitan & Co advises investors on debentures

Khaitan & Co advised CX Group and other investors in relation to issuance of listed, rated, secured non-convertible debentures, in 2 series, of an aggregate amount of $58m by Nspira Management Services Private Limited to a group of debenture holders including CX Intermediate Capital Fund I Pte Ltd.

CX Capital was founded in 2009 and manages a fund with a corpus of $500m. The CX group is focused on providing growth equity to mid-market companies in India and has made investments in different sectors ranging from power, electronics, hotels, telecommunications and financial services.

The core corporate team involved Joyjyoti Misra, partner; Ashwin Bishnoi, associate partner; Monika Srivastava, principal associate; Shruti Singh, senior associate; Sara Rashid Khan, associate; Bhaskar Banerjee, associate; Rupsa Mitra, associate; Akshat Gupta, associate; Shreya Shree, associate with assistance from Daksha Baxi, executive director on the direct tax aspects and Shailendra Bhandare, principal associate on the intellectual property aspects.