Deal Closed | Edelweiss Alternative Asset Advisors Ltd | Investment in Non-Convertible Debentures

The details of the deal are as follows:

Announcement Date:  01-Feb-2021 

Name & Contact Details of Client 

Edelweiss Alternative Asset Advisors Ltd 

Deal Description: Khaitan advised funds managed/ advised by the Edelweiss group in connection with their investment in non-convertible debentures and equity instruments issued by Steel Exchange India Limited ("Company") for the purpose of turnaround and revival of the Company. 

Total Consideration: Confidential 

Team Members: The core transaction team consisted of Kumar Saurabh Singh (Partner), Aravind Venugopal (Partner), Rahul Chakraborti (Principal Associate), Vivek Mishra (Principal Associate), Savni Tewari (Senior Associate), Aniruddha Basu (Senior Associate), and Deboshree Mukherjee (Associate) with assistance from the following: 

Real Estate aspects: Sudheer Madamaiah (Partner), Pavithra Thammaiah (Counsel), Hareesha KS (Associate) and Arjun Narayanan (Associate) 

Due Diligence: Srikanth Mantravadi (Senior Associate), Oishani Banerjee (Associate), Divya Gupta (Associate), Aakanksha Panigrahi (Associate) and Aditya Sethi (Associate) 

Role of Firm: Khaitan and Co advised funds managed/ advised by the Edelweiss group in connection with their investment in non-convertible debentures and equity instruments issued by Steel Exchange India Limited ("Company") for the purpose of turnaround and revival of the Company. Khaitan & Co. carried out legal, corporate and real estate due diligence, advised on the structure and legal aspects of the transaction and finalized all transaction documents.