Talwar Thakore & Associates (TT&A) advised Asian Development Bank (ADB) and (collectively Debenture Holders) in their subscription to secured, unlisted non-convertible debentures issued by JBM Ecolife Mobility Private Limited (Issuer) aggregating to INR 2,239,300,000 (Debentures).

This deal is significant as the funds provided by the Debenture Holders will enable the Issuer to finance the procurement of up to 200 e-buses, along with associated operational, maintenance, and infrastructure costs, including depots and charging stations pursuant to a concession awarded to the Issuer in Odisha for operation of such e-buses.

The TT&A Team comprised Partners Ambarish Mohanty and Pragya Sood, Managing Associate Siddharth Tandon along with Associates Shubham Gupta, Sajjan Singh Chouhan & Maansi Mehta.