JSA advised Neo Asset Management Private Limited and funds managed by it on a bespoke turnaround financing to Santladevi Resorts Private Limited, the operator of a 5-star hotel in Dehradun.
The transaction was structured through issuance of secured non-convertible debentures listed on BSE Limited.
The JSA team was led by Utsav Johri, Partner, with support from Abhishek Ray, Partner; Harshil Shubham, Principal Associate and Zahan Kalyaniwalla, SeniorAssociate.