SAM, Trilegal provide legal counsel to Pipeline Infrastructure Limited and India Infrastructure Trust regarding the issuance of non-convertible debentures (NCDs) amounting to ₹6,452 crores.
Pipeline Infrastructure Limited and India Infrastructure Trust have issued fully paid-up, secured, listed non-convertible debentures totaling ₹6,452 crores to fund the acquisition of one of India’s largest gas pipelines, spanning 1,480 kilometers from Kakinada in Andhra Pradesh to Bharuch in Gujarat.
Trilegal provided legal counsel to the arrangers on the transaction’s legal aspects.
India Infrastructure Trust is an infrastructure investment trust backed by Brookfield Asset Management.
The transaction was arranged and initially subscribed by Axis Bank Limited, Kotak Mahindra Bank Limited, Barclays Bank PLC, and ICICI Bank Limited.
Shardul Amarchand Mangaldas & Co provided legal counsel to Pipeline Infrastructure and India Infrastructure Trust. Leading the transaction team were Shubhangi Garg (Partner), Adheesh Agarwal (Senior Associate), Indraneel Godsay (Associate), and Charitha Karadagi (Associate).
Abhishek Parekh (Partner), Neelam Pathak (Partner), Arjun Menon (Senior Associate), and Aparna R (Associate) advised on specific corporate aspects of the deal.
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