L&L Partners advises IREDA regarding lending over Rs 1 billion to Adani Group subsidiary

LE Desk

New Delhi, December 22, 2021: L&L Partners recently acted for and advised Indian Renewable Energy Development Agency Limited (IREDA) in connection with financial assistance aggregating up to Rs 1.28 billion to Dinkar Technologies Private Limited, a wholly owned subsidiary of Adani Green Energy Limited.

The financial assistance is for refinancing of indebtedness incurred /investments made in relation to the operating and construction of 24.94 MWac solar power project situated at Palvacha Village, Tekamal Mandal, Medak District in the state of Telangana.

The Law Firm acted as the lender’s legal counsel and assisted the client in drafting, negotiation, finalization and execution of the financing documents and conducted due diligence on the project, vetting of legal pre-commitment conditions and pre-disbursement conditions and issuance of a closing legal opinion on the financing documents, it said in a press statement.

The transaction team consisted of Girish Rawat (Partner), Ashneet Chhabra (Associate) and Riya Manuja (Associate).