JSA advised Axis Bank Limited (as the Investor) and IDBI Trusteeship Services Limited (as the Debenture Trustee) in connection with a financing by way of subscription to unlisted, secured non-convertible debentures (“NCDs”) issued by CESC Limited (“CESC”), for an amount of INR 300 crores.
CESC is a flagship company of the RP-Sanjiv Goenka Group, engaged in the business of generating and supplying electricity in Kolkata, Howrah and adjoining areas.
Khaitan & Co. acted as the legal counsel for CESC.
Our Transaction Team Comprised Lead Partner – Soumitra Majumdar, Partner – Abhishek Ray, and Associate – Aradhana Dey.
Abhishek is a Partner specializing in Banking & Finance and Fintech. He combines deep expertise in structured finance, project finance, and financial regulatory matters with a unique, business-focused perspective from his prior role as Head of Legal and Compliance at ePayLater, a fintech company. He also advises on fintech product structuring, regulatory compliance, and PE investments.