Expertise

01

Structured Credit

Capital engineered around the underlying economics of the situation.

• Bridge financing
• Asset-backed structures
• Mezzanine and hybrid capital
• Cash-flow based financing
• Refinancing
• Rating-linked capital solutions

₹1,805 Cr advised

• Structured Credit

  Listed non-banking financial company

  ₹500 Cr

  Non-convertible debenture issue

  Primary issue placed privately with pension funds and long-only institutional investors.

  Financial services

• Structured Credit

  Listed infrastructure group

  ₹350 Cr

  Holding company funding

  Holdco facility against pledged listed securities, structured around a defined deleveraging path.

  Infrastructure

• Structured Credit

  Listed non-banking financial company

  ₹300 Cr

  Non-convertible debenture issue

  Repeat primary issue for the same borrower, placed into a tightening rate environment.

  Financial services

• Structured Credit

  Housing finance company

  ₹275 Cr

  Non-convertible debentures

  Debenture placement against a granular retail mortgage pool.

  Financial services

02

Special Situations

Capital and advisory for businesses and assets where the ordinary process has stopped working. The range runs from stressed and non-performing exposures, settlements and restructurings through to event-driven and time-bound situations that are not distressed at all, but which no standard credit process will clear in time.

• Stressed and non-performing asset take-outs
• One-time settlements and post-settlement funding
• Corporate debt restructuring and lender negotiation
• Turnaround and revival financing
• Promoter and holding-company transitions
• Event-driven and time-bound situations
• Delayed and part-completed projects
• Last-mile and completion capital
• Distressed asset sale, downselling and resolution advisory

₹5,100 Cr advised

• Special Situations

  Integrated steel and power producer

  ₹2,550 Cr

  Special situations financing

  Structured against operating assets in a contested creditor environment, with security and enforcement rights defined before terms were issued.

  Steel & metals

• Special Situations

  Healthcare and financial services holding company

  ₹1,900 Cr

  Special situations financing

  Holding-company facility structured against pledged operating subsidiaries, sized to a defined promoter resolution.

  Financial services

• Special Situations

  Listed telecom infrastructure company

  ₹270 Cr

  Corporate debt restructuring

  Multi-lender restructuring negotiated across a consortium with divergent security positions.

  Telecom

• Special Situations

  Foreign bank, India book

  ₹180 Cr

  Stressed asset downselling

  Assisted exit from a non-convertible debenture exposure through a structured downsell of the stressed position.

  Financial services

03

Debt & Capital Advisory

Reconfiguring capital structures to create financial flexibility.

• Debt syndication
• Restructuring
• Refinancing
• Lender strategy
• Capital stack optimisation
• Institutional investor engagement

₹605 Cr advised

• Debt & Capital Advisory

  Private medical college

  ₹165 Cr

  Restructuring advisory

  Debt reorganised around fee-cycle cash flows and campus security, restoring the institution's ability to operate.

  Healthcare & education

• Debt & Capital Advisory

  Small finance bank

  ₹160 Cr

  Short-term debt syndication

  Short-dated facility syndicated to institutional lenders across two consecutive raises.

  Financial services

• Debt & Capital Advisory

  Integrated steel producer

  ₹150 Cr

  Working capital facilities

  Two facilities renewed with a public sector lender against receivables and finished-goods inventory.

  Steel & metals

• Debt & Capital Advisory

  Branded apparel retailer

  ₹80 Cr

  Debt funding

  Facility structured around inventory and a franchised store network with seasonal working capital swings.

  Retail

04

Strategic Transactions

Select corporate finance mandates where capital and strategy intersect.

• Mergers and acquisitions
• Private placements
• Strategic fundraising
• Select equity transactions

₹68 Cr advised

• Strategic Transactions

  Australian financial services group

  ₹43 Cr

  Acquisition advisory

  Buy-side advisory on the acquisition of an Indian non-banking financial company, including diligence and regulatory pathway.

  Financial services

• Strategic Transactions

  Listed steel products manufacturer

  ₹25 Cr

  Equity placement

  Primary equity placed with institutional investors to fund a capacity expansion.

  Steel & metals