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...

Lakshmikumaran & Sridharan Advises Pacific Avenue Capital on Indian Aspect of Kidde-Fenwal Acquisition Of Fire Suppression Systems And Safety Controls Business

Lakshmikumaran and Sridharan represented Pacific Avenue Capital Partners in connection with the Indian leg of a global transaction, involving the acquisition of substantially all the assets pertaining to the fire suppression systems and safety controls business of Kidde-Fenwal, Inc. across various jurisdictions, including the United States of America, United Kingdom and India.The firm's role included conducting a legal due diligence on the Indian entities with respect to the assets being...

AMS Legal Advises On Strategic Partnership Between Garuda Aerospace And Thales

AMS has advised on a strategic partnership between Garuda Aerospace, a leading drone technology company, and Thales, a global leader in advanced technologies. The collaboration aims to revolutionize the Unmanned Traffic Management (UTM) sector, introducing cutting-edge solutions to enhance the safety and efficiency of drone operations throughout India. Under the guidance of Mr. Mukil, Advocate and Partner at AMS Legal, the firm's team played a pivotal role in facilitating this landmark...

Luthra & Luthra Advises One97 Communications Ltd In Ticketing Business Sale To Zomato

Luthra and Luthra Law Offices India advised One97 Communications Ltd (Paytm), in connection with its agreement to sell its entertainment ticketing business for a cash consideration of Rs. 2048 Crores to Zomato Limited. The transaction value is subject to certain cash and net working capital adjustments at closing and closing is subject to satisfaction of agreed conditions precedentThe team was led by Partner, Nishant Singh and consisted of Managing Associates – Nikhil Bhat and Saksham Madan,...

Luthra and Luthra Law Offices India Advises Lenders In Financing For Zenataris Renewable Energy Projects

Luthra and Luthra Law Offices India acted as the Lenders' Legal Counsel for Union Bank of India, India Infrastructure Finance Company Limited and Bank of India, in relation to the financial assistance aggregating to INR 1436 Crore made available to Zenataris Renewable Energy Private Limited, an SPV of Fourth Partner Energy Private Limited, for the purpose of inter alia, part financing the project cost in relation to 66 MW wind power project at Vijayanagar District, Karnataka and 62.7 MW wind...

ICC Arbitration In London Between DFCCIL And Chinese Contractor – CRSCD Following The Border Clashing In June 2020 Nearing Conclusion

Arbitration proceedings pertaining to the dispute arising out of termination of a railways signaling contract awarded by Dedicated Freight Corridor Corporation of India (DFCCIL) to state owned Chinese contractor CRSC Research & Design Institute Group Co. Ltd. (CRSCD) following the deadly border clash between Indian and Chinese armed forces in the Himalayas in June 2020 is reportedly about to conclude. After a fierce battle before the Delhi High Court, the parties referred the disputes to...

IndusLaw Advises Namma Yatri On Funding By Google, Blume Ventures, Antler, Others

IndusLaw advised Moving Tech Innovations Private Limited (“Namma Yatri”), in relation to its funding by Google, Blume Ventures, Antler, others. Namma Yatri is India's first ride hailing app built on a truly open network providing complete transparency in ride booking for both drivers and customers. IndusLaw Team: Anindya Ghosh (Partner), Anantha Krishnan Iyer (Partner), Aishwaria Ramanan (Senior Associate) and Arnab Chakraborty (Associate). Other law firms involved: ...

IndusLaw Advises G.O.A.T Brand Labs On USD 21 Million Equity And Debt Investment For Brand Expansion

IndusLaw advised G.O.A.T Brand Labs on a mix of equity and debt investment from Blackrock, Mayfield, NB Ventures, and others, which investment will be utilized towards expanding its existing brands including Chumbak, Pepe Jeans, and The Label Life. Deal amount: USD 21 million (approx.) IndusLaw Team: Equity: Mayukh Datta (Partner), Amar KM (Senior Associate) and Aparimita Choudhary (Associate) Debt: Pritha Chatterjee (Partner) and Neeati Narayan (Principal Associate) ...