The leading law firm in India, SNG & Partners, acted as legal counsel to the investors and the debenture trustee in relation to the issuance of rated, listed, senior, secured, redeemable non-convertible debentures (NCDs) aggregating ₹500 crore by Lodha Developers Limited. The debentures were privately placed and subsequently listed on the stock exchange, marking a significant capital mobilisation by the company.
The firm advised on all aspects of the transaction, including structuring the issuance, drafting, reviewing, and negotiating the transaction documents, and overseeing regulatory compliances, leading to the successful listing of the debentures.
Additionally, SNG & Partners conducted title due diligence on the land offered as security for the NCDs, totalling approximately 111 acres across two separate townships.
Lodha Developers were advised by their in-house legal team. Formerly known as Macrotech Developers, Lodha Developers is a key player in India’s real estate sector, with a diversified portfolio spanning residential, commercial, and mixed-use developments. The funds raised through this issuance will be utilised for capital expenditure, refinancing existing debt, meeting long-term working capital requirements, and general corporate purposes, supporting the company’s broader strategy to optimise its capital structure and fuel future growth.
The documentation SNG & Partners team was led by Aditya Vikram Dua (Partner & Head – Financial Services), with support from Aniket Sawant (Associate Partner), Parvathi Menon (Senior Associate), Prashant Dubey (Associate), and Neel Gokhale (Associate). The real estate team was led by Samreen Paloba (Partner), supported by Zainab Patel (Associate) and Kiran Patil (Paralegal).
