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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.

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Like +1 Object -0 JAY 26 Aug 14, 03:59
Kya baat versus
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Like +1 Object -1 VEERU 26 Aug 14, 12:31
Verus Rocks. See what a few dedicated men from NUJS have done.
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Like +0 Object -1 Gabbar 28 Aug 14, 14:26
Who were the existing investors that Wadia Ghandy acted for? Who advised Yes Bank?
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Like +0 Object -2 Anon 28 Aug 14, 19:19
This Nihas is too good yaar...
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Like +0 Object -0 SHOLAY 29 Aug 14, 00:18
To complete the thread
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Like +0 Object -0 BASANTI 29 Aug 14, 14:03
Yes we want to know more.
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