Shardul Amarchand Mangaldas Advised Axis Bank–Led Consortium On USD 1 Billion Financing For Botswana Power Project

Shardul Amarchand Mangaldas advised Axis Bank–led consortium on USD 1 billion financing for Botswana power project

The leading law firm in India, Shardul Amarchand Mangaldas & Co. (“SAM”) acted as legal counsel to a consortium of lenders led by Axis Bank Limited in connection with the provision of senior secured financing aggregating up to USD 1 billion to Jindal Energy (Botswana) Proprietary Limited, a step-down subsidiary of Jindal Power Limited, for the development of a power project in Botswana.

Phase 1 of the transaction involved the execution of financing documents aggregating USD 507.5 million, with the lending consortium comprising Axis Bank Limited (as lead lender), ICICI Bank Limited, IDFC First Bank Limited, RBL Bank Limited, YES Bank Limited, Export-Import Bank of India, and IndusInd Bank Limited. The financing will support the construction, development, and commissioning of a greenfield power project in Botswana.

The transaction represents one of the largest overseas USD lending transactions undertaken by Indian banks in recent times and underscores the growing role of Indian financial institutions in supporting cross-border infrastructure and energy projects across emerging markets.

The SAM team was led by Anurag Dwivedi (Partner), with client relationship support from Anoop Rawat (Partner, National Practice Head – Insolvency & Restructuring).

The team also included Saurav Panda (Partner), Megha Kaur (Principal Associate), Shashwat Bhaskar (Senior Associate), Aparna (Associate), Amogh Mittal (Associate), and Ananya Khanna (Associate).

Click to know more about Shardul Amarchand Mangaldas

If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at info@legalera.in or call us on +91 8879634922.