Dua Associates Advises BLS E-Services Limited In Its Acquisition Of Controlling Stake In Aadifidelis Solutions Private Limited

BLS E- Services Limited (BLS) acquired 57 per cent controlling interest of Aadifidelis Solutions Pvt Ltd (ASPL) and its affiliates. This acquisition was completed for Rs 123 crore of which Rs 78 crore has been invested upfront including a Rs 25 crore primary infusion into ASPL. Additional payments are planned based on achievement of specific EBITDA milestones in the financial years 2024-25 and 2025-26 by ASPL. The transactions closed on November 28, 2024. Dua Associates' team...

Lakshmikumaran & Sridharan Attorneys Advised IndiQus Technologies On Strategic Acquisition By Yotta

Lakshmikumaran & Sridharan Attorneys (LKS) acted as legal counsel for IndiQus Technologies in connection with its acquisition by Yotta Data Services, a managed data center service provider owned by the Hiranandani Group. IndiQus Technologies, the parent organization of Apiculus, is a cloud platform provider that collaborates with telecom service providers (Telcos, ISPs, and data center providers) globally, enabling them to build profitable in-country cloud businesses. This strategic...

Luthra And Luthra Advises First Coffee On $1.2 Million Fundraise Led By Beenext

Luthra and Luthra Law Offices India acted for Savage Coffee Private Limited (First Coffee), a specialty premium coffee brand, in its fundraise of USD 1.2 Million. The investment was led by Beenext with participation from other investors such as Ashish Gupta (Helion Venture Partners), AngelList India, Ritesh Malik (founder, Innov8), Sahil Malik (founder, Da Milano), Aman Arora (cofounder, board-Keventers), Agastya Dalmia (director, Keventers), among others.First Coffee is a fast-growing specialty...

Luthra And Luthra Law Offices India Advises SBI-Led Consortium In Financing For Adani's Renewable Energy Hybrid Project

Luthra and Luthra Law Offices India advised State Bank of India and other consortium lenders in relation to financial assistance aggregating up to INR 7163.00 Crore sanctioned to Adani Hybrid Energy Jaisalmer Five Limited for the purpose of setting up of 1190 MW (installed capacity of 1363 MW) renewable energy hybrid power projects (consisting of solar power plant and wind farm) in the State of Gujarat, India. The core transaction team consisted of Girish Rawat, Partner, Varun Chauhan, Partner...

Luthra And Luthra Advises SWAMIH Fund On INR 195.50 Crore Investment For Completion Of KVD Wind Park In Greater Noida

Luthra and Luthra Law Offices India acted for and advised the Special Window for Affordable & Mid-Income Housing (SWAMIH) Fund in connection with investment innon-convertible debentures to provide last mile finance to K V Developers Private for completion of construction ofa group housing project in Uttar Pradesh.SWAMIH Fund has approved INR 195.50 Crore for completion of group housing project titled “KVD Wind Park” (comprising of 7 (seven) residential towers and 2 (two) commercial tower...

Luthra And Luthra Advises Dr. Paws Healthcare Private Limited In INR 7.8 Crore Fundraise To Launch Modern Veterinary Clinics Across India

Luthra and Luthra Law Offices India advised Dr. Paws Healthcare Private Limited in its INR 7,80,00,000 (Indian Rupees Seven Crore Eighty Lakh) fundraise from lead investor Sauce.vc along with other angel investors including Curefoods' Ankit Nagori, Zetwork's Rahul Sharma, Cult.fit's Naresh Krishnaswamy, and Tracxn's Abhishek Goyal.Udit Gadkary and Rakesh Santhapur started Dr. Paws this year, after realising that there was a dearth of specialised and one-stop shop clinics for pet lovers. With...

Kochhar & Co. Advises REC Limited On INR 1,171.17 Crore Credit Facility To Kannur International Airport Limited

Kochhar & Co. as a legal advisor to REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power in India, advised in extending a significant credit facility of INR 1,171.17 crore (INR 11,712 million) to Kannur International Airport Limited, an unlisted public limited company promoted by the Government of Kerala. The credit facility is aimed at refinancing the airport's existing debt.The firm provided comprehensive legal support throughout the transaction,...

Luthra And Luthra Advises Groupe Renault In Major Restructuring Of Global Alliance With Nissan In India

Luthra and Luthra Law Offices India advised Groupe Renault (France) on restructuring its global alliance with Nissan Motor Corporation (Japan) in one the largest restructuring in the automobile sector in India.The Firm represented Groupe Renault on rebalancing its global alliance with Nissan (Japan), by restructuring the shareholding and ownership interests in Renault Nissan Technology & Business Centre India Private Limited and Renault Nissan Automotive India Private Limited. This also...

Luthra And Luthra Advises NIIF Infrastructure Finance On INR 597 Crore Refinancing For Avaada Group's Solar Projects In Karnataka And Maharashtra

Luthra and Luthra Law Offices India advised NIIF Infrastructure Finance Limited, in relation to the financial assistance provided to 7 SPVs of the Avaada Group, one of India's largest renewable power generators, aggregating to approximately INR 597 Crore in connection with refinancing of operational solar power projects in the states of Karnataka and Maharashtra under a captive/group captive scheme.The refinancing facilitated by NIIF Infrastructure Finance Limited has reaffirmed the strength and...

Lakshmikumaran And Sridharan Advised Krsnaa Diagnostics On Stake Purchase In Apulki Healthcare

Lakshmikumaran and Sridharan advised Krsnaa Diagnostics Limited, a listed entity on its acquisition of 23.35% stake in Apulki Healthcare Private Limited. Apulki specialises in operating cancer and cardiac care hospitals in public-private partnership (PPP) mode. The firm's role included conducting legal due diligence on Apulki, drafting and review of transaction documents, and strategic advisory on tax implications. The corporate due diligence team consisted of Noorul Hassan, Partner,...

Luthra and Luthra Advises Gorbea Solar In Securing ₹1,229 Crore Green Financing For Jodhpur's 300MW Solar PV Plant

Luthra and Luthra Law Offices India recently advised Gorbea Solar Private Limited, a subsidiary of Zelestra Corporation S.A.U. (formerly Solarpack Corporacion Tecnologica S.A., a Spanish company),in relation to the financial assistance availed from Bank of America, MUFG Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited (HSBC) andCrédit Agricole Corporate and Investment Bank, Indiaby way of INR denominated facility of up to INR 1229 Crore in connection withfinancing of a 300MWac...

Luthra and Luthra Advises Azure Power on INR 2400 Crore Loan Refinancing, Prepaying USD 310 Million Green Bonds

Luthra and Luthra Law Offices India advised 7 subsidiaries of Azure Power India Private Limited, in relation to term loan facilities aggregating to INR 2400 Crore made available by REC Limited, for the purpose of re-financing of renewable power projects in the portfolio of the Azure Group with a cumulative capacity of 615MW.This transaction reaffirmed Azure Power's strong market position and ensured that the green bonds issued by relevant Azure Group entities to the bondholders abroad worth USD...