Cyril Amarchand Advised Kinet In Rs.1530 Cr Financing For Manufacturing Vande Bharat Trains
Cyril Amarchand Mangaldas acted as the borrower’s legal counsel for Kinet Railway Solutions Limited “Kinet” (a joint venture of Rail Vikas Nigam Limited, JSC Metrowagonmash “MWM” and Locomotive Electronic Systems “LES” (MWM and LES being joint-stock companies incorporated under the laws of the Russian Federation)) in part financing of its capital expenditure by Sber Bank, Branch in India “Sber Bank” and Punjab National Bank “PNB”, to be incurred towards manufacturing cum maintenance of 120 (one hundred twenty) ‘Vande Bharat’ trains and to meet its other obligations under the manufacturing cum maintenance agreement executed by Kinet with Ministry of Railways, dated September 27, 2023. The aggregate amount of loan for which financing documents have been executed is INR 1530,00,00,000 (Indian Rupees Fifteen Hundred Thirty Crores only), with Sber Bank, exposure being INR 930,00,00,000 (Indian Rupees Nine Hundred Thirty Crores only) and PNB for INR 600,00,00,000 (Indian Rupees Six Hundred Crores only).
The said transaction of financing the manufacturing and supply of ‘Vande Bharat’ trains to Indian Railways is first of a kind transaction where the Indian Railways is procuring the trains on a public private partnership basis.
The Transaction Team comprised of Ajay Sawhney, Bhupendra Verma, Vaibhav Shrivastav and Nikhil Gupta.
Luthra & Luthra Advised Martial Solren In Getting Finance For Setting Up Solar Power Plants In Gujarat & Rajasthan
Luthra and Luthra Law Offices India advised Martial Solren Pvt Ltd, an SPV of Mahindra Susten Pvt Ltd, in relation to the financial assistance availed from HDFC Bank Limited and Axis Bank Limited for the setting up, constructing, developing and operating of solar power plants for supply of solar power to Rajashthan Urja Vikas & IT Services Ltd in Rajasthan and for supply of solar power to Gujarat Urja Vikas Nigam Ltd in Gujarat. The transaction team consisted of Partner Purvi Dabbiru and Associate Jhalak Gupta.
Source: Luthra & Luthra’s LinkedIn Page
Wadia Ghandy & Co. Acted As Lenders’ Counsel For Consortium Of Lenders In Refinancing Of TARC Ltd.’s Debt
Wadia Ghandy & Co. acted as lender’s legal counsel for a consortium of lenders consisting of Kotak Mahindra Bank Limited, Nomura Capital (India) Private Limited, Aditya Birla Finance Limited, STCI Finance Limited and certain other institutions, in the refinancing of TARC Limited’s existing debt.
Wadia Ghandy Advises HDFC In Concluding The Largest Securitisation Transaction Worth 9000 Cr.
Wadia Ghandy & Co. advised HDFC Bank Limited in concluding India’s largest asset backed securitisation transaction having a deal value of Rs. 9,062 crore.
This was the first securitisation transaction originated by HDFC Bank Limited and Wadia Ghandy assisted them with both structuring and finalising the transaction documents.
Partners Piyush Kumar and Vibhuti Khetan led the transaction and were assisted by Associates Ajit Ingle and Ashlin Joseph. Deputy Managing Partner Nihas Basheer provided strategic inputs in the matter.
Talat Shah
Testing
SNG & Partners Represented HDFC Capital Affordable Real Estate Fund – 3 in Relation to Establishing of a Joint Venture with House of Abhinandan Lodha
SNG & Partners Assisted the Hong Kong and Shanghai Banking Corporation Limited on External Commercial Borrowing Extended to IIFL Finance Limited
