Abhay Agarwal

Abhay Agarwal, Associate, JSA

Abhay specialises in Banking & Finance and Financial Services. He has extensive experience in Banking & Finance related transactions including all manner of domestic and cross border financing transactions including secured, limited recourse and syndicated financing, Project Finance, Acquisition Finance, Real Estate Financing, Security creation, Unlisted Debt and General Banking Products.

He regularly advises Indian and multinational banks and financial institutions in relation to project finance, corporate finance, debt restructuring transactions and debt capital markets issuances.

He has been practicing law since 2015. Prior to joining JSA, he has worked at Khaitan & Co. and Cyril Amarchand Mangaldas.

 

Memberships

Bar Council of Maharashtra and Goa

 

Publications

  • Project Finance, Chambers and Partners, 2019
  • Electronic Book Building Introduced For Listed Privately Placed Non-Convertible Debt Securities, Mondaq, 2019

 

Education

B.B.A., LL.B (Hons.)

 

Languages

  • English
  • Hindi
  • Bengali

Some of the key assignments in these areas handled and being handled by Abhay amongst others, cover the following:-

  • Advising a consortium of lenders led by Bank of Baroda in relation to debt restructuring of two NBFCs under the Reserve Bank of India’s Prudential Framework for Resolution of Stressed Assets Directions dated June 7, 2019;
  • Advising the Resolution Professional in relation the corporate insolvency resolution process of a company in the power sector;
  • CDC Group Plc as the investor in relation to subscription of subordinated Rupee denominated Tier II bonds issued overseas aggregating up to INR 4 billion issued by Cholamandalam Investment and Finance Company Limited for strengthening its capital adequacy and for enhancing its long-term resources;
  • First Abu Dhabi Bank PJSC, Mashreqbank PSC and Standard Chartered Bank in relation to an external commercial borrowing of USD 135 million to Air India Limited for purchase of aircraft;
  • Indian Railway Finance Corporation as to Indian law in connection with the issue of USD 1 billion bonds under its USD 2 billion Medium Term Note Programme;
  • Mahindra and Mahindra Financial Services Limited in relation to public issue of unsecured, subordinated, redeemable non-convertible debentures with an aggregate shelf limit of INR 1,000 crores and INR 2,000 crores in financial year 2016-17 and 2017-18 respectively;
  • Netmagic IT Services Private Limited in relation to issuance of listed commercial papers amounting up to INR 350,00,00,000;
  • Oldenburgische Landesbank Aktiengesellschaft in relation to an external commercial borrowing of EUR 13,242,188 availed by LSKB Aluminium Private Limited;
  • Piramal Enterprises in relation to financing of INR 540 crores to Transcon Sheth Creators Private Limited to be utilized for the purpose of construction and development of a residential project at Malad, Mumbai;
  • REC Limited (formerly known as Rural Electrification Corporation Limited) in connection with the updation of its US$ 7 Billion Global Medium Term Note Programme;
  • State Bank of India in relation to the financing of INR 438 crores to Welspun Road Infra Private Limited to be utilized for the purpose of highway project near Amravati, Maharashtra; and
  • Vedanta Resources Plc in relation to tender offers to purchase part of its outstanding bonds – “2018 bonds” and “2019 Bonds” followed by a new Reg S/144A high yield bond offering of USD 1 billion and USD 989 million respectively.