Khaitan & Co advised Deutsche Bank AG, Morgan Stanley, JP Morgan, Barclays Bank Plc, Tata Capital, Aditya Birla Capital, Trust Investments, and other investors (“investors”) in their subscription to the listed, non-convertible bonds aggregating to INR 5900 crores in two tranches of INR 1500 crore (“Tranche 1”) and INR 4400 crore (“Tranche 2”), issued by GMR Airports Limited, inter alia, for refinancing its existing debt.
Morgan Stanley India Company Pvt Ltd acted as sole arranger and structuring advisor to Tranche 1.
Barclays Bank Plc, Deutsche Bank AG and Trust Investments acted as arrangers to Tranche 2.
JP Morgan acted as sole structuring advisors to Tranche 2.
The deal was assisted by:
Banking & Finance: Manisha Shroff (Partner), Rajshekhar Upadhyaya (Principal Associate) and Aparna Arya (Senior Associate).
The core team consisted of Ashwin Bishnoi (Partner), Prateek Desai (Partner), Kartikey Gautam (Principal Associate), Sonalika Ahuja (Senior Associate) and Ashwin Balaji S (Associate) represented the Investors on the transaction.