Khaitan & Co acted as legal advisors to True North Credit Opportunities Fund I in relation to its investment in unlisted, secured, redeemable non-convertible debentures (NCDs) aggregating to INR 360 Crores issued by Innova Rubbers Pvt Ltd and Vee Tee Auto Manufacturing Company Pvt Ltd (Issuers). The proceeds from the issuance of Non-Convertible Debentures (NCDs) were utilised by the Issuers to strengthen promoter control and aligning the structure for future growth of the Issuers.
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Core Team
The core team consisted of Rolwine Alva (Partner), Savni Tewari (Counsel), Sarika Jhanwar (Senior Associate), Yash Bhatt (Associate), Kartikey G (Associate) and Vidisha Tanna (Associate).