Luthra and Luthra Advises Gorbea Solar In Securing ₹1,229 Crore Green Financing For Jodhpur's 300MW Solar PV Plant

Luthra and Luthra Law Offices India recently advised Gorbea Solar Private Limited, a subsidiary of Zelestra Corporation S.A.U. (formerly Solarpack Corporacion Tecnologica S.A., a Spanish company),in relation to the financial assistance availed from Bank of America, MUFG Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited (HSBC) andCrédit Agricole Corporate and Investment Bank, Indiaby way of INR denominated facility of up to INR 1229 Crore in connection withfinancing of a 300MWac...

Luthra and Luthra Advises Azure Power on INR 2400 Crore Loan Refinancing, Prepaying USD 310 Million Green Bonds

Luthra and Luthra Law Offices India advised 7 subsidiaries of Azure Power India Private Limited, in relation to term loan facilities aggregating to INR 2400 Crore made available by REC Limited, for the purpose of re-financing of renewable power projects in the portfolio of the Azure Group with a cumulative capacity of 615MW.This transaction reaffirmed Azure Power's strong market position and ensured that the green bonds issued by relevant Azure Group entities to the bondholders abroad worth USD...

Lakshmikumaran & Sridharan Advises Pacific Avenue Capital on Indian Aspect of Kidde-Fenwal Acquisition Of Fire Suppression Systems And Safety Controls Business

Lakshmikumaran and Sridharan represented Pacific Avenue Capital Partners in connection with the Indian leg of a global transaction, involving the acquisition of substantially all the assets pertaining to the fire suppression systems and safety controls business of Kidde-Fenwal, Inc. across various jurisdictions, including the United States of America, United Kingdom and India.The firm's role included conducting a legal due diligence on the Indian entities with respect to the assets being...

AMS Legal Advises On Strategic Partnership Between Garuda Aerospace And Thales

AMS has advised on a strategic partnership between Garuda Aerospace, a leading drone technology company, and Thales, a global leader in advanced technologies. The collaboration aims to revolutionize the Unmanned Traffic Management (UTM) sector, introducing cutting-edge solutions to enhance the safety and efficiency of drone operations throughout India. Under the guidance of Mr. Mukil, Advocate and Partner at AMS Legal, the firm's team played a pivotal role in facilitating this landmark...

Luthra & Luthra Advises One97 Communications Ltd In Ticketing Business Sale To Zomato

Luthra and Luthra Law Offices India advised One97 Communications Ltd (Paytm), in connection with its agreement to sell its entertainment ticketing business for a cash consideration of Rs. 2048 Crores to Zomato Limited. The transaction value is subject to certain cash and net working capital adjustments at closing and closing is subject to satisfaction of agreed conditions precedentThe team was led by Partner, Nishant Singh and consisted of Managing Associates – Nikhil Bhat and Saksham Madan,...

Luthra and Luthra Law Offices India Advises Lenders In Financing For Zenataris Renewable Energy Projects

Luthra and Luthra Law Offices India acted as the Lenders' Legal Counsel for Union Bank of India, India Infrastructure Finance Company Limited and Bank of India, in relation to the financial assistance aggregating to INR 1436 Crore made available to Zenataris Renewable Energy Private Limited, an SPV of Fourth Partner Energy Private Limited, for the purpose of inter alia, part financing the project cost in relation to 66 MW wind power project at Vijayanagar District, Karnataka and 62.7 MW wind...

ICC Arbitration In London Between DFCCIL And Chinese Contractor – CRSCD Following The Border Clashing In June 2020 Nearing Conclusion

Arbitration proceedings pertaining to the dispute arising out of termination of a railways signaling contract awarded by Dedicated Freight Corridor Corporation of India (DFCCIL) to state owned Chinese contractor CRSC Research & Design Institute Group Co. Ltd. (CRSCD) following the deadly border clash between Indian and Chinese armed forces in the Himalayas in June 2020 is reportedly about to conclude. After a fierce battle before the Delhi High Court, the parties referred the disputes to...

IndusLaw Advises Namma Yatri On Funding By Google, Blume Ventures, Antler, Others

IndusLaw advised Moving Tech Innovations Private Limited (“Namma Yatri”), in relation to its funding by Google, Blume Ventures, Antler, others. Namma Yatri is India's first ride hailing app built on a truly open network providing complete transparency in ride booking for both drivers and customers. IndusLaw Team: Anindya Ghosh (Partner), Anantha Krishnan Iyer (Partner), Aishwaria Ramanan (Senior Associate) and Arnab Chakraborty (Associate). Other law firms involved: ...

IndusLaw Advises G.O.A.T Brand Labs On USD 21 Million Equity And Debt Investment For Brand Expansion

IndusLaw advised G.O.A.T Brand Labs on a mix of equity and debt investment from Blackrock, Mayfield, NB Ventures, and others, which investment will be utilized towards expanding its existing brands including Chumbak, Pepe Jeans, and The Label Life. Deal amount: USD 21 million (approx.) IndusLaw Team: Equity: Mayukh Datta (Partner), Amar KM (Senior Associate) and Aparimita Choudhary (Associate) Debt: Pritha Chatterjee (Partner) and Neeati Narayan (Principal Associate) ...

IndusLaw Advises UBS Securities India Private Limited On INR 8.3 Billion Stake Sale In PNB Housing Finance Limited

Indus Law advises UBS Securities India Private Limited in relation to a stake sale in PNB Housing Finance Limited by Asia Opportunities V (Mauritius) Limited and General Atlantic Singapore Fund FII Pte Ltd through a block deal. The deal, valued at INR 8.3 billion (USD 100 million), involved the sale of shares worth Rs 830 crore by the two funds. Asia Opportunities V (Mauritius) Limited and General Atlantic Singapore Fund FII Pte Ltd proposed to sell 1.08 crore shares which represented...

Luthra And Luthra Law Offices India Advises Sapala Organics On Acquisition By Suven Pharmaceuticals In A Phased Transaction

Luthra and Luthra Law Offices Indiarepresented Sapala Organics Private Limited and its existing shareholders, in connection with the execution of definitive agreements with Suven Pharmaceuticals Limited for the acquisition of 51% of its equity shares (on a fully diluted basis). Led by Partner Nishant Singh, the transaction team consisted of Managing Associate Saksham Madan and Associates Varshini Ramesh, Charith Reddy, and Maitri Meghani.

Lakshmikumaran & Sridharan Advises Regal Rexnord On Indian Leg Of Global Acquisition By WEG S.A.

Lakshmikumaran and Sridharan represented Regal Rexnord Corporation in connection with the Indian leg of a global transaction involving the acquisition of the industrial electric motors and generators business of Regal Rexnord Corporation by WEG S.A across various jurisdictions, including India, the United States of America, Brazil, Australia, New Zealand, Switzerland and Netherlands. The Indian leg of the global transaction resulted in Regal Rexnord Corporation selling 100% (one...