Krishnamurthy and Co | View firm profile
Krishnamurthy & Co. (K Law) advised Tata Capital Limited, as the lenders’ legal counsel, in relation to providing construction financing to an engineering, procurement, and construction contractor (EPC Contractor) for the construction of two captive photovoltaic solar power projects in the state of Karnataka.
The EPC Contractor is a leading solar solution provider in India and is a subsidiary of a leading German renewable energy major with operations across the globe.
Tata Capital Limited granted structured construction financing facilities for the construction of the two solar power projects in Karnataka, and the transaction was structured on co-obligor basis amongst various Indian subsidiaries and the German parent. The financing is secured by customary securities provided by the EPC Contractor together with various undertakings from the German parent.
K Law structured the financing transaction, and drafted, negotiated, and finalised all the financing and security documents, in addition to advising the lender on various legal and regulatory issues.
The transaction was led by Zeeshan Khan (Partner) and supported by Anirban Roy Choudhury (Principal Associate) along with a team of associates.
Taylor Wessing advised Tata Capital Limited as the lender’s foreign legal counsel in Germany and was led by Dr. Tillmann Pfeifer (Partner, Head – Energy & Infrastructure Industry Group) and supported by associates, Corvin Gutzeit and Siegfried Schumacher.