Cyril Amarchand Mangaldas advised NIIF Infrastructure Finance Limited on extending financial support to 6 SPVs of Vibrant Energy Holdings Pte. Ltd. (Vibrant Energy) aggregating to INR 210 crore.
The Project and Project Finance Practice of Cyril Amarchand Mangaldas advised NIIF Infrastructure Finance Limited with respect to financial assistance availed by 6 SPVs of Vibrant Energy. The transaction team was led by Subhojit Sadhu, Partner; Yash Jain, Partner; with support from Madhur Verma, Principal Associate; Arshi Siddiqui, Consultant; and Janani Chandrasekaran, Associate.
As a part of the transaction, 6 SPVs of Vibrant Energy Holdings Pte. Ltd., namely (a) Arkha Solar Power Private Limited; (b) Egan Solar Power Private Limited; (c) Ethan Energy India Private Limited; (d) Natems Solar Power Private Limited; (e) Repal Green Power Private Limited; and (f) Repal Renewables Private Limited, sought financing support for repayment/ refinancing of the investments made in the construction and development of their solar power project being developed in the state of Andhra Pradesh/ Telangana.
The transaction was signed on 6th October, 2023, and closing is expected this quarter. _____________________________________________
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With 1000 lawyers and 170 Partners, the Firm is the largest full-service law firm in India and offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore.
The Firm recently received “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards and the “National Law Firm of the Year: India” award at the IFLR Asia Pacific 2022 awards ceremony. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2021.