Deal Closed | ASA | Real Estate Financing

ASA Legal advised Government of India’s special window for completion of construction of affordable and mid-income housing projects in connection with the issuance of unlisted, unrated, senior, secured, redeemable non-convertible debentures of up to INR 89.00 crores by Sikka group. The transaction team consisted of Anil Kumar Sharma (Partner), Rahul Mishra (Managing Associate), Rajesh Narang (Consultant), Prafful Nagarajan and Nishit Chopra (Associate). The real estate aspects of the transactions were advised by Shailander Singh (Managing Associate).

The role of the form was conducting real estate due diligence and undertaking drafting, negotiation and finalization of all transaction documents in connection with the issuance of unlisted, unrated, senior, secured, redeemable non-convertible debentures issued by one of the group company of Sikka group. The deal was closed on December 04, 2020.

SWAMIH Investment Fund – I is a ‘special window’ fund set up by the Government of India on November 06, 2019, in the form of AIF to provide priority debt financing for the completion of stalled housing projects.