Cyril Amarchand Mangaldas (CAM) acted as legal advisers to Adani Green Energy Twenty Four Limited (“Borrower”) in relation to the financial assistance aggregating up to an amount of 4,404,00,00,000 availed / to be availed by it from National Bank for Financing Infrastructure and Development and other consortium lenders, for the purposes of setting up of 929 MW AC projects comprising of (i) the 500 MW AC solar project in Fatehgarh, Rajasthan; (ii) (a) the 300 MW AC solar project; (b) 104 MW AC wind project; and (c) 25 MW AC solar project, presently under merchant sale projects in Khavda Village, District Kutch, Gujarat.
The deal involved structuring with respect to LC sublimits availed by the Borrower with Adani Green Energy Limited as the Co-Borrower.
The transaction team was led by Yash Jain, Partner; with the support from Janani Chandrasekaran, Associate; and Anubhav Khandelwal, Associate.
Other parties to the transaction include: National Bank for Financing Infrastructure and Development (Acted as Lender).
The transaction was signed on 28th June, 2024 and closed on 27th September, 2024.