JSA advised Kotak Mahindra Bank Limited (acting as the arranger and investor) in connection with the issue of listed, secured, senior, rated, redeemable, non-convertible debentures (“NCDs”) aggregating to INR 250 Crores, by JSW Energy Limited (“JSWEL”). The NCDs are listed on BSE.
JSWEL is engaged in the business of business of generation and sale of power across India, and it shall be utilising the proceeds of the NCDs inter alia towards the expansion of its business and capital expenditure purposes.
The NCDs have been secured by way of a pari passu charge over the assets pertaining to its Vijayanagar Power Plant.
JSA Transaction Team Comprised Partner – Dina Wadia, Partner –Soumitra Majumdar, Partner – Nand Gopal Anand, Senior Associate – Harshit Dusad, and Associate – Vrindesh Patel.
Nand is a Partner in the Gurugram office of the firm. He specialises in Banking & Finance, with specific focus on general lending, external commercial borrowings, overseas direct investments, project finance, trade finance, shipping finance and real estate finance related transactions.
Soumitra specializes in Banking & Finance. He works closely with Indian and multinational banks, development financial institutions, commodity finance houses, non banking finance companies as well as corporates, for structuring, due diligence, documentation and negotiations.