JSA advised Gelos Solren Private Limited, an SPV of Mahindra Susten, as borrower’s counsel in relation to a rupee facility for an amount not exceeding INR 875 crore, including a letter of credit facility of up to INR 600 crore as a sub-limit of the rupee facility, proposed to be availed from Export-Import Bank of India (EXIM Bank).
JSA has advised Gelos Solren Private Limited, SPV of Mahindra Susten, as the borrower’s counsel in relation to the rupee facility for an amount not exceeding Rs. 875 Crores including letter of credit facility for an amount not exceeding Rs. 600 Crores as a sub-limit of the rupee facility, proposed to be availed by Gelos Solren Private Limited from Export-Import Bank of India.
The JSA team was led by Karan Mitroo, Partner, with Purvi Dabbiru, Partner, and Shantanu Awasthi, Senior Associate, advising on the transaction.
Karan brings nearly 17 years of extensive experience in foreign and domestic debt financing in India. He advises leading clients across sectors such as renewables, infrastructure, real estate, healthcare, and hospitality.