Deal Corners

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Deal Corner March 01, 2012

Piramal Healthcare Limited and PHL Finance Private Limited, subscribed to secured redeemable non-convertible debentures issued by Keystone Realtors Private Limited & Rustomjee Constructions Private Limited on a private placement basis

Deal Brief

Piramal Healthcare Limited and PHL Finance Private Limited (collectively referred to as "PHL"), subscribed to secured redeemable non-convertible debentures issued by Keystone Realtors Private Limited ("KRPL") & Rustomjee Constructions Private Limited on a private placement basis ("Transaction").

KRPL is the flagship company of Rustomjee Group, a leading real estate developer in Mumbai. The said Group is engaged in the business of developing, planning, construction & marketing of residential and commercial premises. It also provides after-sales & maintenance services.

Our Role

We, at Nishith Desai Associates, acted as legal counsel to PHL for this Transaction.


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