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Khaitan Advises JSW to Raise $280m via Debentures

Khaitan Advises JSW to Raise $280m via Debentures

JSW Steel has raised Rs 2,000 crore from Life Insurance Corporation (LIC) through a bond offering. The company has raised fresh funds from 10- year bonds, at a yield of 8.79 percent payable quarterly. The debentures were secured by a charge over specific fixed assets up to 5 MTPA (million tonnes per annum) integrated steel plant at Dolvi Works located in the State of Maharashtra. Khaitan & Co advised JSW Steel led by a team of partner Manisha Shroff, principal associate Rolwine Alva, associate Shekhar Shrivastava, associate Enakshi Jha and associate Pratibha Kedia.

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