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Dhir&Dhir Associates AdvisesConsortium of Lenders led by IndusInd Bank Limited

Dhir&Dhir Associates AdvisesConsortium of Lenders led by IndusInd Bank Limited

The Firm has acted as the Lenders’ Legal Counsel to consortium of lenders lead by IndusInd Bank Limited for the financial assistance of upto INR 2410.00 Million to Today Green Energy Private Limited (“Borrower”), for the purposes of full repayment of existing indebtedness of the Borrower including any incidental expenses, for meeting cash flow requirement of new solar projects of the Borrower and adding the additional capacity of 7.5 MW DC to its already commissioned 50 MWAC solar PV project at Village That, Tehsil Pokhran, District Jaisalmer in the State of Rajasthan. Girish Rawat, Partner led the firm’s banking and project finance team on the above transaction. The other team members included Sakshi Puliani, Principal Associate, Varun Chauhan, Associate and Krishan Gopal Agrawal, Associate. The scope of work included conducting due diligence of the Borrower, its promoters and project documents, drafting of the financing and security documents, conducting title verification exercise pertaining to the land ad-measuring approximately 175 hectares situated at Village That, Tehsil Pokhran, District Jaisalmer in the State of Rajasthan and issuing opinion on the legal issues.

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