Business Wire India
The Banking and Finance Practice of Cyril Amarchand Mangaldas advised on the transaction. The transaction team was led by Leena Chacko, Partner; with support from Srinjoy Bhattacherjee, Principal Associate; and Shivendra Shukla, Associate.
As a part of the Transaction, the bonds are secured by way of a charge over the receivables and cashflows of UPPCL. Further, the bonds have been guaranteed by way of an unconditional and irrevocable guarantee provided by the Government of Uttar Pradesh.
Other Parties and Advisors to the transaction include Trust Investment Advisors Private Limited, Tipsons Consultancy Services Private Limited, and A.K. Capital Services Limited.
The transaction was signed and closed on October 07, 2022.
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