Dhir & Dhir Associates acted as the legal advisor to PTC India Financial Services Limited for the due diligence and documentation pertaining to subscription of INR 2000.00 Million non-convertible redeemable debentures issued by Ostro Energy Private Limited, which amounts were utilized for the purposes of implementation of wind and solar power projects of the Renew Group.

The team was led by Girish Rawat, Partner and assisted by Varun Chauhan, Senior Associate and Ashneet Chhabra, Associate. The scope of work included conducting due diligence of the issuer and other security providers, drafting of the offer documents, resolutions, financing and security documents and issuing an opinion on the legal issues.