JSA advised 360 ONE Alternates Asset Management Limited as the mandated lead arranger in connection with INR 30 billion financing to Cyqure India Private Limited. Cyqure India is a Hinduja group company.
The financing is by way of zero coupon, secured, listed, rated, redeemable, non-convertible debentures to be issued by Cyqure India. The NCDs will be listed on the BSE Limited.
The proceeds of the NCDs will be utilised to partly fund IIHL’s acquisition of Reliance Capital Limited in the corporate insolvency resolution process of Reliance Capital.
Deal value: INR 30 billion
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