Deal Announcement: Debt Restructuring of Websol Energy System Limited – Keynote India
Summary
None FCCB Restructuring: Successfully negotiated with the Bondholders to restructure the Bonds for markdown of Principal Value, extension of Tenor and reset of Conversion Price None Successfully led the negotiation with Bondholders achieving 30% markdown in Principal Value and 58% in accrued value of Bonds None Facilitated compliance with Reserve Bank of India to regularize the terms of the Bonds None Extended the maturity period upto 2021, achieving a total maturity of about 14 years None Re-instated listing of the Bonds on Singapore Stock Exchange Debt Settlement Assisted Websol in OTS of Debt and restructuring with various banks. None Incorporated in 1990, Websol is amongst the largest manufacturer of None Promoted by Sohanlal Agarwal, a visionary entrepreneur and an industry veteran, Websol has a legacy of over two decades and has established a reputation of making highly reliable photovoltaic cells & modules for various domestic, commercial and industrial applications. Websols products are approved as per IEC 61215, IEC 61730 and UL 1703 standards as well as FM requirements by various reputed institutes like Underwriters laboratories Inc, None Websol is listed on BSE and NSE with a market capitalization of INR 1,250 mn.Keynote is a full service Investment Banking Group focused on mid-market companies in India. Since its inception in 1993, Keynote has remained committed to offering quality Investment Banking solutions combined with integrity and creativity. Its philosophy of developing relationships as the Trusted Advisor and Banker to mid market companies is once again demonstrated in the Debt Restructuring transaction of Websol.