The deal is led by Siddharth Srivastava (Accomplice) with in a position help from Henna Vadhera (Principal Affiliate), Rashneet Kaur (Principal Affiliate) and Yash Patel (Affiliate).
Khaitan & Co. acted as transaction advisors in reference to the issuance of rated, unlisted, secured, redeemable, non-convertible debentures aggregating to INR 740 crores by SAEL Restricted, Canal Photo voltaic Vitality Personal Restricted and Common Biomass Vitality Personal Restricted (collectively “Points”) to sure Recognized Buyers on a non-public placement foundation. The funds obtained by the Issuers will probably be used to refinance current lenders financing their renewable belongings (photo voltaic and biomass energy crops). Varun Gupta, Chief Funding Officer of SAEL Restricted led the transaction from the Issuers facet. Barclays is the Funding Banker for the deal.
The deal is led by Siddharth Srivastava (Accomplice) with in a position help from Henna Vadhera (Principal Affiliate), Rashneet Kaur (Principal Affiliate) and Yash Patel (Affiliate).
As a transaction lawyer, Khaitan & Co. scope of labor consists of conducting due diligence on Issuers and submitting reviews to Recognized Buyers with our findings, making ready and finalizing transaction paperwork and negotiating the identical with the recognized traders and Issuers, preparation of company approvals, advising and aiding Issuers in technical features corresponding to acquiring approvals and safety releases from current lenders of Issuers, put together PAS -4
Whereas the transaction itself is a standard refinancing transaction in some ways, balancing the pursuits of traders and Issuers in view of the financing construction and different companies positioned in SAEL Restricted and the supply for engraving in reference to it’s significantly attention-grabbing. The customization of the documentation that interfaces with the carve outs offered on the SAEL Restricted degree additionally contributes to creating this a singular transaction.
