Luthra and Luthra Law Offices India has acted as legal counsel to Tata Capital Limited in connection with a sanctioned loan facility of up to ₹1,200 crore to Zerra DC, the digital infrastructure platform of AGP Group, for a 200 MW integrated data centre project in the Thane district of Maharashtra. The deal underscores the growing appetite of institutional lenders for large-scale digital infrastructure financing in India. It also marks a significant milestone in AGP Group’s India build-out through its Zerra DC platform.
Introduction
Tata Capital Limited has sanctioned a loan facility of up to ₹1,200 crore to Zerra DC, the digital infrastructure platform of AGP Group, for its 200 MW integrated data centre project in the Thane district of Maharashtra. Luthra and Luthra Law Offices India acted as legal counsel to Tata Capital on this financing deal. The transaction represents one of the more substantial project finance mandates in India’s fast-growing digital infrastructure sector.
Deal Value
AGP-backed Zerra DC secured a ₹1,200 crore loan — equivalent to approximately US$129 million — from Tata Capital to fund the 200 MW data centre project. Further details on the loan tenor, interest rate, or security structure were not disclosed.
Legal Teams Involved
Luthra and Luthra Law Offices India acted as sole disclosed legal counsel on this transaction, advising the lender, Tata Capital Limited.
The transaction was led by Girish Rawat (Senior Partner), along with Anirban Roy Choudhury (Managing Associate) and Akshara Grover (Senior Associate). The team was supported by Zeeshan Ali Khan (Partner) and Ishita Bajaj (Associate).
Legal counsel to Zerra DC and AGP Group, if any, was not disclosed.
Significance and Impact
The financing marks a significant execution step for Zerra DC‘s India build-out and points to continued lender appetite for large-scale digital infrastructure tied to long-term cloud and AI demand. A 200 MW integrated data centre is a utility-scale facility, and the scale of debt financing involved signals growing institutional confidence in India’s data centre sector as a credible asset class for structured lending.
The involvement of Tata Capital — a leading non-banking financial company within the Tata Group — as the lending institution further validates the commercial maturity of this asset class in the Indian market. The transaction also demonstrates Luthra and Luthra Law Offices India‘s continued strength in project and infrastructure finance, with the firm’s banking and finance team recognised for its strengths in project and infrastructure finance, representing Indian banks, financial institutions, and global lenders.
For a broader view of deal activity across Indian law firms, see the Deal Meter.
The sanctioning of a ₹1,200 crore loan facility by Tata Capital to AGP Group‘s Zerra DC for a 200 MW integrated data centre in Thane, Maharashtra represents a significant data point in India’s digital infrastructure financing story. Luthra and Luthra Law Offices India, led by Girish Rawat and a five-member team, provided lender-side legal counsel on the transaction. Further details on the broader project timeline and borrower-side legal advisory were not disclosed.
Disclaimer: This article is for informational purposes only and does not constitute legal advice. It is based on the details provided and publicly available sources.
