Now Reading: IndusInd Bank gives Rs 2,501 crore financing to Lightstorm
-
01
IndusInd Bank gives Rs 2,501 crore financing to Lightstorm
IndusInd Bank has extended Rs 2,501 crore in debt financing to Lightstorm under a co-borrower structure. The transaction was advised on by JSA Advocates and Solicitors, which handled the structuring, drafting and…
IndusInd Bank has extended Rs 2,501 crore in debt financing to Lightstorm under a co-borrower structure. The transaction was advised on by JSA Advocates and Solicitors, which handled the structuring, drafting and negotiation of financing and security documents.
The financing involves multiple facilities under a co-borrower arrangement, requiring a documentation framework covering both funded and non-funded facilities. The deal was led by JSA partners Anish Mashruwala and Karan Mitroo, with assistance from counsel Shekhar Shrivastava and associate Arpita Mittal.
Indian Opinion Analysis
This transaction signals continued institutional appetite for large-ticket infrastructure or telecom-related debt in India. Lightstorm, a digital infrastructure platform, operates in the capital-intensive data centre and fibre optic space where co-borrower structures are used to ring-fence project risks. The Rs 2,501 crore facility is substantial for a single borrower in this sector. The next signal to watch is whether Lightstorm announces a corresponding equity raise or project award to match this debt commitment.
Source: barandbench.com
This story was synthesised by AI from the source linked above.
