Deal News
Varun Jain, Regulatory & Government Affairs Expert Joins Singhania & Partners LLP As CEO
Singhania & Partners LLP announces the appointment of Varun Jain as CEO. Varun, a highly experienced Regulatory & Government Affairs expert, joins the team with more than two decades of experience in heavily regulated industries like pharmaceuticals, big tech, medical devices, and aerospace spanning leading MNC’s like Google, Honeywell, Gilead, Medtronic, and Tata Consultancy Services.Varun has Master's degrees from the Harvard Kennedy School; Indian School of Business, Hyderabad; and an...
Luthra And Luthra Facilitate INR 92,020.02 Lakhs Equity Placement For Valor Estate Limited
Luthra and Luthra Law Offices India recently advised DAM Capital Advisors Limited, JM Financial Limited and PL Capital Markets Private Limited in connection with qualified institutions placement of 3,56,66,675 equity shares aggregating up to INR 92,020.02 lakhs of Valor Estate Limited (formerly known as “D B Realty Limited”). The equity shares were allotted to eligible qualified institutional buyers at the issue price of INR 258 per share (including a premium of INR 248 per share). The equity...
Lakshmikumaran And Sridharan Acts For Premion LLC In Connection With The Indian Leg Of The Global Equity And Asset Purchase Of Octillion Media LLC
Lakshmikumaran and Sridharan Attorneys (LKS) advised Premion LLC, an industry leading connected TV (CTV)/Over-the-Top (OTT) advertising platform, for acquisition of Octillion Media India Private Limited, as part of its global acquisition of equity interests and assets of Octillion Media LLC. Octillion Media LLC is a next generation demand side platform focused on CTV and OTT advertising.The Corporate and M&A team comprised of Mr. Gaurav Dayal, Partner, Mr. Sushrut Biswal, Partner, Mr. Suhaas...
Luthra & Luthra Advises Union Bank Of India In INR 30,000 Million Equity Placement
Luthra and Luthra Law Offices India recently advised the Union Bank of India in connection with the filing of the preliminary placement document and placement document for the qualified institutions placement of the Bank, wherein the Bank has raised an amount aggregating up to INR 30,000 Million via fresh issue of 221,157,390 equity shares of the Bank. The equity shares of the Bank issued under the QIP are to be listed on the BSE Limited and the National Stock Exchange of India Limited for...
Luthra And Luthra Law Offices Facilitates Godrej Properties' Strategic Expansion
Luthra and Luthra Law Offices India advised Godrej Properties Limited ("GPL") in its in acquisition of 15 acres land parcel from Microtek Infratech, for development of a group housing project for a deal value of INR 403 Crore. With this acquisition, besides being commercially lucrative for GPL, has expanded GPL's presence near the booming Dwarka Expressway and adds to its group housing portfolio in the Gurugram region.The Transaction was led by Partner, Vaibhav Suri and ably assisted by...
Luthra & Luthra Law Offices Advises Radiance Renewables On INR 7,150 Million Financial Assistance For 150MW Solar Power Park In Maharashtra
Luthra and Luthra Law Offices India advised Radiance Renewables managed by Eversource Capital in relation to financial assistance availed by 2 SPVs from Axis Bank and Standard Chartered aggregating to INR 7150 million in connection with solar power park with an installed capacity of 150MW AC along with interconnection facilities being set-up in Mol- Manjarwadi, Maharashtra.The deal was led Partner, Girish Rawat and ably assisted by Senior Associate, Ashneet Chhabra and Associate, Pranav
Luthra & Luthra Law Advises on USD 425M Foreign Currency Loan for Serentica Renewables' SPV
Luthra and Luthra Law Offices India advised Rabobank, Export Import Bank of India, India Infrastructure Finance Company Limited (IIFCL), MUFG, Societe Generale and YES Bank in connection with foreign currency term loan facilities for an aggregate amount of USD 425 Million approx. provided to an SPV of Serentica Renewables.The team was led by Partners, Karan Mitroo and Vaibhav Suri, ably assisted by Managing Associates, Ankita Parasar and Manjul Mantri; Associates, Pragya Verma and Shivani...
Luthra and Luthra Law Offices Guides Aseem Infrastructure Finance For O2 Power's 136 MW Solar/Wind Power Projects
Luthra and Luthra Law Offices India advised Aseem Infrastructure Finance Limited in connection with financial assistance of approximately INR 700 Crores made available to various subsidiaries of O2 Power for financing solar/wind power projects of approximately 136 MW being set up under captive / group captive models.The team was led by Partner, Karan Mitroo, and ably assisted by Associates, Pragya Verma and Jhalak Gupta.
Luthra And Luthra Law Offices Successfully Represent Canara Bank-Led Lenders In Term Loan And Bank Guarantee Facilities For Jindal Paradip Port's Western Dock Development
Luthra and Luthra Law Offices India acted for lenders led by Canara Bank, in relation to two separate facilities comprising a rupee term loan facility for an amount of INR 2376 Crores and performance bank guarantee facility amounting to INR 478.43 Crores made available to Jindal Paradip Port Limited, a joint venture constituted by Jindal Steel & Power Ltd. and Jindal Port Private Limited for the purpose of financing the construction and development of the Western Dock at the Paradip Port,...
Luthra and Luthra Advised Leading Banks In Connection With Rupee Loan Facilities Availed By InvIT
Luthra and Luthra Law Offices India recently advised ICICI Bank Limited, India Infrastructure Finance Company Limited, Axis Bank Limited and State Bank of India (Lender) in connection with rupee loan facilities of INR 1900,00,00,000 (Facility) availed by Highways Infrastructure Trust (InvIT), the road InvIT platform launched by KKR. (Transaction).The InvIT is an infrastructure investment trust under the provisions of the SEBI (Infrastructure Investment Trusts) Regulations, 2014 involved in the...
Argus Partners Advises Exponent Energy On Raising $26.4 Million In A Series B Round Led By Eight Roads Ventures
Argus Partners has advised electric vehicle charging infrastructure startup, Exponent Energy (Exponent Energy Private Limited) on raising $26.4 million in a Series B round led by Eight Roads Ventures.Exponent Energy intends to use the funding to scale its presence to five new cities and, expand its offering in the electric three-wheeler space and enter the intercity e-bus segment in 2024. The company further aims to deploy 1,000 e-pumps, its charging stations and have 25,000 electric vehicles...
Kochhar & Co. Represents Power Finance Corporation Ltd. In An INR 1,013.38 Crores Financing Deal For One Of Entities Promoted By Vibrant Group
Kochhar & Co. acted for and advised Power Finance Corporation Limited (PFC) in connection with financial assistance totalling INR 1,013.38 Crores to one of entities promoted by Vibrant Energy Holdings PTE. LTD., a subsidiary of Macquarie Asset Management's Green Investment Group, for its wind-solar hybrid project with an aggregate capacity of 209.4 MW/259.8 MWp (comprising a wind project with a capacity of 104.4 MW and a solar project with a capacity of 105 MW/155.4 MWp) located in Karnataka...