Home Featured Dhir & Dhir advises IIFCL on Mihit Solar’s $23.8m solar project financing under its takeout financing scheme
Dhir & Dhir advises IIFCL on Mihit Solar’s $23.8m solar project financing under its takeout financing scheme

Dhir & Dhir advises IIFCL on Mihit Solar’s $23.8m solar project financing under its takeout financing scheme

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India Infrastructure Finance Company Limited (IIFCL) has said to have provided a term loan of Rs. 156 crore (USD 23.8 million) to Gurugram based Mihit Solar Power under its Takeout Finance Scheme, for substituting the outstanding principal amount of the loan sanctioned by L&T Infrastructure Finance, for the purpose of developing and commissioning a 74 MW Solar Power Project in Mansa District, Punjab.

Dhir & Dhir Associates acted as the lenders’ legal counsel for IIFCL represented by partner Girish Rawat, who led the firm’s banking and project finance team along with senior associate Amit Prakash and associates Shobhit Batta and Amit Pal Singh. The transaction included drafting of financing and security documents, conducting due diligence, and issuing legal opinions.

This deal report is based on a firm’s press release and may be only partially complete. Some firms or names of advisers may be therefore be missing. If you are or know one of the lawyers who acted on this deal but has not been credited, please leave a comment below (marked not for publication), preferably with your name and email address, and we will update the report.

Source: legallyindia
Anand Gupta Editor - EQ Int'l Media Network

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