Luthra & Luthra Law Offices Advises Radiance Renewables On INR 7,150 Million Financial Assistance For 150MW Solar Power Park In Maharashtra

Luthra and Luthra Law Offices India advised Radiance Renewables managed by Eversource Capital in relation to financial assistance availed by 2 SPVs from Axis Bank and Standard Chartered aggregating to INR 7150 million in connection with solar power park with an installed capacity of 150MW AC along with interconnection facilities being set-up in Mol- Manjarwadi, Maharashtra.The deal was led Partner, Girish Rawat and ably assisted by Senior Associate, Ashneet Chhabra and Associate, Pranav Dwivedi.

Luthra & Luthra Law Advises on USD 425M Foreign Currency Loan for Serentica Renewables' SPV

Luthra and Luthra Law Offices India advised Rabobank, Export Import Bank of India, India Infrastructure Finance Company Limited (IIFCL), MUFG, Societe Generale and YES Bank in connection with foreign currency term loan facilities for an aggregate amount of USD 425 Million approx. provided to an SPV of Serentica Renewables.The team was led by Partners, Karan Mitroo and Vaibhav Suri, ably assisted by Managing Associates, Ankita Parasar and Manjul Mantri; Associates, Pragya Verma and Shivani...

Luthra and Luthra Law Offices Guides Aseem Infrastructure Finance For O2 Power's 136 MW Solar/Wind Power Projects

Luthra and Luthra Law Offices India advised Aseem Infrastructure Finance Limited in connection with financial assistance of approximately INR 700 Crores made available to various subsidiaries of O2 Power for financing solar/wind power projects of approximately 136 MW being set up under captive / group captive models.The team was led by Partner, Karan Mitroo, and ably assisted by Associates, Pragya Verma and Jhalak Gupta.

Luthra And Luthra Law Offices Successfully Represent Canara Bank-Led Lenders In Term Loan And Bank Guarantee Facilities For Jindal Paradip Port's Western Dock Development

Luthra and Luthra Law Offices India acted for lenders led by Canara Bank, in relation to two separate facilities comprising a rupee term loan facility for an amount of INR 2376 Crores and performance bank guarantee facility amounting to INR 478.43 Crores made available to Jindal Paradip Port Limited, a joint venture constituted by Jindal Steel & Power Ltd. and Jindal Port Private Limited for the purpose of financing the construction and development of the Western Dock at the Paradip Port,...

Luthra and Luthra Advised Leading Banks In Connection With Rupee Loan Facilities Availed By InvIT

Luthra and Luthra Law Offices India recently advised ICICI Bank Limited, India Infrastructure Finance Company Limited, Axis Bank Limited and State Bank of India (Lender) in connection with rupee loan facilities of INR 1900,00,00,000 (Facility) availed by Highways Infrastructure Trust (InvIT), the road InvIT platform launched by KKR. (Transaction).The InvIT is an infrastructure investment trust under the provisions of the SEBI (Infrastructure Investment Trusts) Regulations, 2014 involved in the...

Argus Partners Advises Exponent Energy On Raising $26.4 Million In A Series B Round Led By Eight Roads Ventures

Argus Partners has advised electric vehicle charging infrastructure startup, Exponent Energy (Exponent Energy Private Limited) on raising $26.4 million in a Series B round led by Eight Roads Ventures.Exponent Energy intends to use the funding to scale its presence to five new cities and, expand its offering in the electric three-wheeler space and enter the intercity e-bus segment in 2024. The company further aims to deploy 1,000 e-pumps, its charging stations and have 25,000 electric vehicles...

Kochhar & Co. Represents Power Finance Corporation Ltd. In An INR 1,013.38 Crores Financing Deal For One Of Entities Promoted By Vibrant Group

Kochhar & Co. acted for and advised Power Finance Corporation Limited (PFC) in connection with financial assistance totalling INR 1,013.38 Crores to one of entities promoted by Vibrant Energy Holdings PTE. LTD., a subsidiary of Macquarie Asset Management's Green Investment Group, for its wind-solar hybrid project with an aggregate capacity of 209.4 MW/259.8 MWp (comprising a wind project with a capacity of 104.4 MW and a solar project with a capacity of 105 MW/155.4 MWp) located in Karnataka...

Kochhar & Co. Advises India Trade Promotion Organisation In Setting Up India Pavilion At World Expo 2025 In Osaka

India Trade Promotion Organisation (ITPO), established under the aegis of Department of Commerce, Ministry of Commerce and Industry, Government of India was appointed as the nodal agent by the Government of India for setting up 'India Pavilion' at World Expo, 2025 scheduled to be held from 13th April 2025 to 13th October 2025 at Osaka, Japan. With an estimated project cost of approximately INR 400 crores, India Pavilion will accentuate the theme of World Expo 2025, “Designing Future Society for...

Saraf And Partners Acts For Fortis Healthcare In Sale Of Fortis Malar Hospital, Chennai To MGM Healthcare

Saraf and Partners acted for Fortis Healthcare Limited (“Fortis Healthcare”) and certain of its subsidiaries in connection with the sale of business operations along with the land and building assets pertaining to Fortis Malar Hospital situated at Gandhi Nagar, Adyar, Chennai, to MGM Healthcare Private Limited (“MGM Healthcare”), for a consideration of approximately INR 128 crores.Saraf and Partners acted for Fortis Healthcare and its subsidiaries on all aspects of the transaction, including the...

Financing By REC Limited To Telangana Super-Specialty Hospitals Corporation Limited

Kochhar & Co. advised REC Limited, a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, in relation to providing credit facility of INR 23.85 billion to Telangana Super-Specialty Hospitals Corporation Limited. The project involved setting-up of 3 super-specialty hospitals in the state of Telangana (deal update attached).Kochhar & Co. provided end-to-end support for the transaction, including conducting due diligence, drafting, negotiating,...

Argus Partners Advises On One Of The Biggest Industrial RTC Power Projects In India Under Group Captive Regime

Argus Partners has advised Tata Steel Limited on its investment in one of the biggest industrial RTC (Round-the-clock) hybrid renewable power projects in India under Group Captive Regime, being set up by TP Vardhaman Surya Limited (subsidiary of Tata Power Renewable Energy Limited). Tata Steel will invest 26% equity in the said project.This investment will act as a significant step towards adoption of green energy and is aligned with Tata Steel`s vision of sustainability and reducing carbon...

Dua Associates Advises JK Paper Limited To Acquire Manipal Utility Packaging Solutions for Rs 88.73 crores

JK Paper Limited (JK Paper), one of India's largest paper and packaging board companies, has entered into a share purchase agreement (SPA) for acquiring 100 per cent equity shares of Manipal Utility Packaging Solutions Private Limited (MUPSPL) which is engaged in the business of manufacturing packaging products like folding cartons, corrugated boxes and labels with four manufacturing plants across India.Dua Associates team led by Senior Advisor, Sunil Malik, and Partners C.R. Muralidharan, Mohd...