The deal is led by Siddharth Srivastava (Companion) 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 INR 740 crores by SAEL Restricted, Canal Photo voltaic Vitality Non-public Restricted and Common Biomass Vitality Non-public Restricted (collectively “Issuers”) to sure Identified Traders on non-public placement foundation. The funds obtained by the Issuers can be used to refinance current lenders financing their renewable property (photo voltaic and biomass energy vegetation). 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 (Companion) 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 studies to Recognized Traders with our findings, getting ready and finalizing transaction paperwork and negotiating the identical with the recognized buyers and Issuers, preparation of company approvals, advising and helping Issuers in technical facets similar 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 buyers and Issuers in view of the financing construction and different companies situated in SAEL Restricted and the availability for engraving in reference to it’s notably fascinating. The customization of the documentation that interfaced with the carve outs offered on the SAEL Restricted degree additionally contributed to creating this an vital transaction.
