In a significant financial maneuver, Indus Infra Trust has secured funding amounting to ₹3,495 crore. The financing package comprises ₹2,374 crore from Union Bank of India (UBI) and ₹1,148 crore from HDFC Bank Limited. This strategic funding initiative was advised by JSA Advocates & Solicitors, providing expert counsel to both financial institutions involved.
The legal team from JSA was spearheaded by Partner Karan Mitroo, with a robust support team that included Senior Associate Pragya Verma, and Associates Harsh Dugar, Jhalak Gupta, and Swadha Chandra. Notably, JSA had previously advised HDFC Bank on another financing endeavor related to Indus Infra Trust just last month, showcasing their ongoing involvement with this infrastructure investment trust.
Indus Infra Trust, a prominent road Infrastructure Investment Trust (InvIT), is backed by the GR Infra group. The newly acquired funds are earmarked for refinancing existing debts held by the new Special Purpose Vehicles (SPVs) acquired by the InvIT. This financial restructuring is crucial for optimizing the capital structure of the trust and enhancing its financial stability.
The involvement of JSA Advocates & Solicitors in these transactions underscores their expertise in handling complex financial arrangements and providing tailored legal solutions. Their advisory role in this deal highlights the firm’s capacity to navigate intricate legal landscapes in the infrastructure and banking sectors.
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