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INR 250 Crores listed, secured NCDs issuance by JSW Energy Limited

Deal
October 14, 2022

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.

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Tags BSE, Energy, Finance, JSA, Leading Law Firm, Leading Lawyers, NCDs, Non Convertible Debentures

Dina Wadia Partner

Dina specialises in Banking & Finance, Investment Funds, Financial Services, and Mergers & Cross Border Investments & Acquisitions.

Harshit Dusad Principal Associate

Harshit’s focus areas are banking & finance, project finance and trade finance. His experience includes work on matters pertaining to foreign currency lending, rupee financing and security creation in relation thereto.

Nand Gopal Anand Partner

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 Majumdar Partner

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.

Vrindesh Patel Senior Associate

Vrindesh focuses on lending & finance transactions involving complex structures and cross border financing. He has assisted clients, including some of the global financial institutions, in a plethora of financing transactions, viz., Debt Transactions (secured, limited recourse basis and syndicated), Project Finance (including manufacturing, energy and real estate projects), Acquisition Finance, Real Estate Financing (including lease rental discounting), etc.