Axis Bank Limited invests in INR 100 Crores NCDs issued by CESC Limited

  • Deal
  • January 16, 2024

JSA advised Axis Bank Limited (as the Investor) and IDBI Trusteeship Services Limited (as the Debenture Trustee) in connection with a financing by way of subscription to unlisted, secured non-convertible debentures (“NCDs”) issued by CESC Limited (“CESC”), for an amount of INR 100 crores.

CESC is a flagship company of the RP-Sanjiv Goenka Group, engaged in the business of generating and supplying electricity in Kolkata, Howrah and adjoining areas.

Khaitan & Co. acted as the legal counsel for CESC.

Our Transaction Team Comprised Lead Partner – Soumitra Majumdar, Partner – Abhishek Ray, and Associate – Aradhana Dey.