Shardul Amarchand Mangaldas & Co. (SAM) acted as legal counsel to Khaba Renewable Energy Private Limited (“Khaba Renewable Energy”) and other participating ENGIE India in relation to the availing of a rupee term loan facility aggregating to approximately INR 982 crore from the Indian branches of MUFG Bank, Crédit Agricole Corporate and Investment Bank, and BNP Paribas.
The financing is undertaken to part fund the development of Khaba Renewable Energy’s 250 MW solar power project in Rajasthan and to partially refinance an existing bridge facility availed by the company.
SAM’s transaction team was led by Anurag Dwivedi, Partner, with support from Megha Kaur, Principal Associate; Shashwat Bhaskar, Senior Associate; Amogh Mittal, Associate; and Palak Jhalani, Associate.