Banking and Finance, May 2025

TT&A advised Nomura and HSBC in relation to issuance of non-convertible debentures for funding acquisition of QBurst Technologies Private Limited by Multiples fund

TT&A advised Nomura and HSBC as initial Debenture Holders and structuring advisors and HSBC as arranger in connection with the issuance of INR denominated redeemable, listed, rated, secured, non-convertible debentures of amount aggregating up to INR 4,950,000,000, by QBurst Software Services Private Limited, to fund the acquisition of majority stake in QBurst Technologies Private Limited (a software development company) by Multiples fund (acting through their domestic and GIFT City AIF). 

TT&A Team: Sonali Mahapatra & Nidhi Rani – Partners and Kishan Kumar & Rajeev Dadhich – Associates

Sonali Mahapatra

Partner, Mumbai

Nidhi Rani

Partner, Mumbai

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