Khaitan & Co advised IIFL Finance Ltd in relation to the update of its existing USD 1 billion Global Medium Term Note Programme (GMTN Programme) on the IFSC Gift City stock exchanges (India INX and NSE IX). The notes which will be issued under this GMTN Programme will be issued in compliance with Rule 144A and Regulation S of the U.S. Securities Act, 1933. The Hongkong and Shanghai Banking Corporation Ltd, J.P. Morgan Securities PLC and Standard Chartered Bank acted as the arrangers and dealers.
The deal was assisted by:
Direct Tax: Vinita Krishnan (Executive Director), Ashish Mehta (Partner), Sneh Shah (Partner), Ujjval Gangwal (Principal Associate) and Pal Jain (Associate).
The core team consisted of Manisha Shroff (Partner), Rajshekhar Upadhyaya (Principal Associate), Nikunj Mehta (Senior Associate), Charul Lunia (Associate), Nandini Arya (Associate) and Shivansh Kumar Jain (Associate).