L&L Partners acts for Bank of Baroda, Gaja Capital in separate deals

LE Desk

New Delhi, June 24, 2022: L&L Partners recently advised Bank of Baroda in connection with the funding of working capital requirements of Ola Electric Technologies Private Limited aggregating over Rs 600 crore for its green field project for manufacturing two-wheeler vehicles at Krishnagiri District, Tamil Nadu with an initial capacity of 0.50 million vehicles per annum.

The Firm assisted in the structuring of the transaction, negotiating, finalization, and execution of the financing documents, it said in a press statement.

The transaction team consisted of Girish Rawat (Partner), Varun Chauhan (Senior Associate), and Himanshi Bhadoria (Associate).

The Law Firm’s Corporate team recently acted for Gaja Capital, an existing investor in MarketXpander Services Private Limited, on the recent fund raise by the Company from WestBridge. With the recent investment, the Company has become a ‘unicorn’, press statement said.

The Firm acted as legal counsel to Gaja and was involved in reviewing, negotiating and finalizing transaction documents.

The transaction team comprised of Deepak THM (Partner) and Aishini Mandal (Associate).