•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student
other

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

Verus, Wadia Ghandy on $82m ABRL borrowing from Yes Bank

Verus advised Aditya Birla Retail on its Rs 500 crore unsecured, unlisted, redeemable non-convertible debentures issued to Yes Bank. The investors were advised by Wadia Ghandy.

Verus partner Jay Parikh and associate Aastha Khurana acted for Aditya Birla.

Wadia Ghandy partner Nihaas Basheer acted for the existing investors.

Aditya Birla borrowed the amount from Yes Bank to ramp up its food and grocery business, according to the Economic Times which added that big Indian retailers have previously accumulated losses because they went on an expansion spree.

Click to show 6 comments
at your own risk
(alt+c)
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.