Luthra And Luthra Law Offices India Advised Azure Power On ₹2,400 Cr Loan Refinancing And Prepayment Of Green Bonds

Luthra And Luthra Law Offices India Advised Azure Power On ₹2,400 Cr Loan Refinancing And Prepayment Of Green Bonds

Luthra and Luthra Law Offices India advised 7 subsidiaries of Azure Power India Private Limited in securing loan facilities aggregating to INR 2400 Crores (approximately USD 29 million) from Rural Electrification Corporation (REC).

These funds will be used to refinance renewable power projects within Azure Power's portfolio, which has a combined capacity of 615 MW. Additionally, the transaction enables the prepayment of green bonds worth USD 310 million issued by Azure group entities to international bondholders.

Azure Power is a leading solar power producer in India, focusing on large-scale renewable energy projects. REC is an Indian infrastructure finance company dedicated to providing financial assistance for power initiatives.

The transaction team was led by Partner Karan Mitroo, with support from Managing Associates Ankita Parasar and Samarth Sharma, and Associate Harshil Kakkar.

Click to know more about Luthra and Luthra Law Offices India