Sustainable Energy Infra Trust’s Issuance of Debt Securities: A Strategic Move Supported by Cyril Amarchand Mangaldas
Diversifying its funding avenues, Sustainable Energy Infra Trust (SEIT) has successfully issued its maiden series of senior, secured, rated, listed, redeemable, non-convertible debt securities. This noteworthy transaction involves debt securities with a face value of ₹1 lakh each, amounting to a substantial ₹750 crores, all conducted through private placement to a select group of investors.
Details of the Issuance
The legal representation for the investors in this transaction was provided by Cyril Amarchand Mangaldas (CAM), one of India’s preeminent full-service law firms. The issuance was facilitated by SEIT’s investment manager, Sustainable Energy Infra Investment Managers Private Limited, targeting prominent investors, which include major financial institutions like Kotak Mahindra Bank Limited and India Infrastructure Finance Company Limited.
Purpose of the Funds
The capital raised through this issuance is allocated for several strategic purposes, primarily aimed at:
- Repayment of pre-existing financial obligations
- Covering associated transaction costs related to the issuance of the debt securities
Team Behind the Transaction
The formidable transaction team at Cyril Amarchand Mangaldas was led by:
- Subhojit Sadhu, Partner (Finance & Infrastructure) and Director (CAM – Middle East)
- Gautam Saran, Partner
- Supported by Kavya Mathur, Senior Associate; Aiyushi Mehrotra, Associate; and Rudraksh Karnik, Associate
Furthermore, strategic insights were contributed by Senior Partner Santosh Janakiram and Kranti Mohan, Partner and Head of REITs and InvITs, highlighting the collaborative effort within the firm to navigate this complex transaction.
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas stands as one of the largest and most respected full-service law firms in India, boasting offices across key cities including Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, and international locations in Singapore and Abu Dhabi. The firm’s extensive expertise equips it to manage high-stakes transactions effectively.
