Few highlights:

• Situation - The group needed to refinance some of its HoldCo debt without incurring high cost.
• We assisted the promoter group to raise financing at one of their holding companies by pledging multiple listed group companies.
• The cost of financing was brought down by having a fixed coupon, redemption premium and upside payoff linked to the performance of the flagship Company.
• We helped the Investor diversify the concentration risk by providing collateral over uncorrelated listed companies to reduce the price volatility of the pledged shares.
• Upside was payable only if the stock price performed resulting in win-win situation for both promoter (as the holding value went up) and Investor (higher return).