| GMR Infrastructure Ltd has raised Rs. 2,000 Crore ($300 million) by selling foreign currency convertible bonds (FCCBs) to Kuwait Investment Authority (KIA), a sovereign wealth fund. This is the first transaction under the new regime for long-term external commercial borrowings notified by the Reserve Bank of India.
K Law acted as the legal counsel to GMR Infrastructure Limited. The team was led by Partners – Ajay Sawhney and Gautam Srinivas, along with Associate Partner Milind Jha. Clifford Chance acted as international legal counsel. The Clifford Chance team was led by Partner Rahul Guptan...............................................Full Article: Source
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