Shardul Amarchand Mangaldas & Co. (SAM) acted as legal counsel to Tata Capital Limited in connection with a rupee term loan facility of INR 1,250 crore extended to Inox Clean Energy Limited.
The facility has been availed by Inox Clean Energy Limited to support capital infusion into its group companies and project special purpose vehicles, acquisition of renewable energy assets from Vibrant Energy Limited, Vena Group and Wind World (India) Limited, repayment of certain existing indebtedness, and for general corporate purposes.
Inox Clean Energy Limited is part of the INOX Group’s renewable energy platform and is engaged in the development and operation of renewable energy projects across India. The financing is expected to support the group’s expansion strategy in the solar and wind energy sectors and strengthen its renewable energy portfolio.
The transaction was notable for its accelerated execution timeline and the complex security structure involving multiple entities within the borrower group. The financing required extensive coordination in relation to security creation and documentation across various group entities to facilitate timely deployment of funds towards acquisitions, project investments and group-level funding requirements.
SAM’s transaction team was led by Anurag Dwivedi, Partner, with support from Megha Kaur, Principal Associate; Sanidhya Parashar, Associate; and Pranay Bhattacharya, Associate
