Deal News
Luthra And Luthra Advised On The Largest Ever EV Asset Financing Deal In India
The Firm advised and acted for Power Finance Corporation Limited (PFC) in connection with financial assistance aggregating up to INR 6330.00 million sanctioned to Gensol Engineering Limited for financing acquisition of 5000 passenger EVs (electric four-wheeler cars) and 1000 cargo EVs (electric three-wheeler vehicles).The passenger EVs will be operated by Blu-Smart Mobility on its ride hailing platform in and around Delhi NCR region, and the cargo EVs will be leased for last mile logistics/urban...
Link Legal Advised Ami Organics In Its Acquisition Of Majority Stake In Baba Fine Chemicals
Link Legal is advising and assisting Ami Organics Limited in its acquisition of majority stake in Baba Fine Chemicals. The acquisition will be funded through a combination of cash and issuance of securities of Ami Organics on a preferential basis.Ami Organics is a company listed at the NSE and is a major player in the manufacture of active pharmaceutical ingredients and specialty chemicals.Baba Fine Chemicals manufactures chemical products for the semiconductor industry and is the sole...
Luthra And Luthra Advised On Project Specific Funding To Kosol Energie Private Limited For Development Of 40 MW Solar Power Project For The Gujarat State Electricity Corporation Limited
The Firm advised and acted for Power Finance Corporation Limited in connection with project specific funding sanctioned to Kosol Energie Private Limited for development of 40 MW solar photovoltaic grid connected power plant at Junachay and Manjal of Kutchh District around Gujarat Energy Transmission Corporation substation in the State of Gujarat (“Project”) for the Gujarat State Electricity Corporation Limited.The transaction team consisted of Partner, Girish Rawat; Senior Associate, Ashneet...
Saraf And Partners Advises Federal Bank Limited, SBI Capital Markets Limited And IDBI Trusteeship Services Limited For Issuance Of NCD By Federal Bank Limited
Saraf and Partners acted as sole deal counsel for Federal Bank Limited as the Issuer, SBI Capital Markets Limited as the Arranger and IDBI Trusteeship Services Limited as the Debenture Trustee on all aspects of the deal including structuring of the deal as well as the drafting, negotiation and finalization of the transaction documentation.Federal Bank Limited has issued eligible Tier 2 capital in compliance of RBI Guidelines in the nature of rated, fully paid, taxable, redeemable, subordinated,...
Argus Partners Advises Baba Fine Chemicals (BFC) And Its Founders On The Acquisition Of 55% Stake In BFC By Ami Organics
Argus Partners has advised Baba Fine Chemical (BFC) and its founders in negotiating and finalizing the purchase agreement in relation to the acquisition of 55% stake in BFC by Ami Organics.BFC is engaged in the business of manufacturing specialty chemicals used in semi-conductor and electronics industry. Ami Organics is a public listed company and a leading global manufacturer of advance pharmaceutical intermediates and specialty chemicals. This transaction provides Ami Organics an entry into...
Saraf And Partners Advised Fortis Healthcare Limited In Acquisition Of Hospital Business Of Medeor Hospital Limited
Fortis Healthcare Limited has entered into transactions documents for the acquisition, from Medeor Hospital Limited, of its hospital business located in Manesar, Haryana for a consideration of approximately INR 225 crores. Saraf and Partners acted for Fortis on all aspects of the deal including structuring of the deal, undertaking due diligence, as well as the drafting, negotiation and finalization of the transaction documentation. Vaibhav Kakkar and Sahil Arora (Partners), led the ...
Argus Partners Advises Together Fund On Their Investment In Spendflo
Argus Partners has advised Together Fund on their investment in the SaaS buying and management platform, Spendflo. The investment was a part of Spendflo`s Series A fundraise of USD 11 million.The fundraise also witnessed participation from Naspers Ventures (Prosus), Accel and other angel investors. Spendflo serves customers across North America, Europe, Asia Pacific, and the Middle East and helps fast growing businesses buy, manage and secure SaaS through its all-in-one platform. Spendflo...
Luthra And Luthra Advised Aditya Birla Finance Limited In Refinancing Of Solar Energy Project In Karnataka
The Firm acted as lenders’ legal counsel for Aditya Birla Finance Limited, in relation to financing aggregating to Rs. 150 crores made available to AmpSolar Technology Two Private Limited for the purpose of inter alia, refinancing the existing debt in connection with the 45 MW (DC) / 30 MW (AC) operational solar energy project in Karnataka.The team comprised Partner, Purvi Dabbiru and Associates – Surbhi Jain, Aishwarya Dixit and Pragya Verma.
Luthra And Luthra Acted As Counsel For 5 Bond Issuances By A Renewable Energy Infrastructure Investment Trust
Luthra and Luthra Law Offices India advised Nippon Mutual Fund (the “Holders”) in connection with the private placement of up to 5,000 senior, secured, rated, listed, redeemable, non-convertible debt securities aggregating to Rs. 50,00,00,000 by Virescent Renewable Energy Trust (the “InvIT”) (the “Issue”).The InvIT currently owns and manages a portfolio of 16 operational solar projects across 7 states in India, with an aggregate capacity of 538.2 MW DC/ 455 MW AC and runs primarily with the...
Luthra And Luthra Advised IREDA An Relation To Financing Of 7 Renewable Energy Power Projects Having Value Of INR 673.32 Crores
Luthra and Luthra Law Offices India advised Indian Renewable Energy Development Agency Limited (“IREDA” or the “Lender”) in relation to the financial assistance granted to 7 (seven) SPVs of NSL Group aggregating up to INR 673,32,00,000 in connection with 7 renewable energy power projects spread across the states of Gujarat, Maharashtra and Tamil Nadu.The Firm acted as the Lender’s Legal Counsel and the transaction team consisted of Partner, Purvi Dabbiru and Associates – Aishwarya Dixit, Pragya...
Luthra And Luthra Acted As Legal Counsel To Magenta EV Solutions Towards Its USD 22 Million Investment Round
The Firm acted as legal counsel to Magenta EV Solutions Private Limited (“Magenta”), who has raised an investment of USD 22 Million from 2 investors – bp Technology Ventures and Morgan Stanley India Infrastructure FundThe Firm was involved in (a) conducting legal due diligence, (b) structuring of the transaction, (c) drafting, negotiating, and finalizing transaction documents, including the share subscription agreement, shareholders’ agreement, disclosure letter, (d) assisting with closing...
Argus Partners Advises Ofbusiness On Its Acquisition Of Koeleman India
Argus Partners has advised Softbank and Tiger Global backed, OfBusiness (a raw material procurement and financing platform for small and medium enterprises), in relation to its acquisition of 100% stake in Koeleman India from Koeleman Foods International B.V.This acquisition marks the foray of OfBusiness in the food processing sector and gives OfBusiness the access to Koeleman’s state-of-the-art food processing unit in Narsapura, Karnataka and its export markets spread across United States,...