Investment Banking

Raising debt through a structured lender process

The Investment Banking practice advises companies on raising debt through a structured process involving multiple lenders, rather than a single bank relationship.

Services

Debt Syndication Structured & Working Capital Finance ECB / Overseas Borrowing Advisory

Buyers Credit

Strategic acquisition

Scope

Companies with funding requirements generally ₹25 Cr and above, seeking term loans, working capital facilities, or structured debt.

View the process →

Debt Syndication

A structured, competitive lender process

Debt syndication is the process of presenting a company's funding requirement to a defined set of lenders through a structured process, so that terms are negotiated competitively rather than accepted from a single source.

Scope of work

Credit assessment and deal structuring
Information Memorandum preparation
Lender identification, shortlisting, and outreach
Term sheet negotiation
Due diligence coordination
Documentation support through to sanction
Disbursement follow-up

Ticket size

₹25 Cr to ₹500 Cr+, across term loans, working capital facilities, and structured debt.

Fee

An engagement fee is payable at mandate signing, adjustable against the success fee. The success fee is calculated as a percentage of the amount sanctioned, payable on disbursement. The percentage is tiered and declines as ticket size increases.

View the syndication process →

Structured & Working Capital Finance

Beyond the standard term loan

Where a standard term loan does not match a company's cash conversion cycle or balance sheet, the practice structures working capital facilities, receivables- or inventory-backed financing, and other structured debt instruments, run through the same lender process as core syndication.

Scope of work

Working capital facilities
Receivables / inventory-backed structures
Structured term debt
Refinancing of existing debt

Run through the same lender process as core syndication — see Process.

ECB / Overseas Borrowing Advisory

A lower cost of capital, with a currency exposure attached

External Commercial Borrowings and other forms of overseas debt typically offer a lower cost of capital than domestic rupee borrowing. They also create a foreign-currency exposure from the date of disbursement.

Scope of work

ECB structuring and lender identification
RBI / FEMA compliance coordination
Design of a hedging strategy for the resulting exposure, coordinated with the FX Risk Management & Advisory practice before disbursement

Cross-reference

The borrowing decision and the hedging decision are interdependent. Exposure management for ECB and overseas debt sits with the FX practice.

FX Risk Management & Advisory →

Process

Seven stages, from kickoff to closing

Mandate kickoff

Credit assessment and IM preparation

approx. 2–3 weeks

Lender outreach

concurrent, approx. 2–4 weeks

Term sheet negotiation

Due diligence and documentation

Sanction and disbursement

Closing

The other practice

FX Risk Management & Advisory

Overseas borrowing creates a foreign-currency exposure from the date of disbursement. Exposure identification, hedging strategy, mark-to-market reporting, and treasury outsourcing sit with the FX Risk Management & Advisory practice.

FX Risk Management & Advisory

Discuss a requirement

An initial call to review the funding requirement or currency exposure — scoped engagement letter to follow.