Sunsure Energy has obtained ₹262 crore project financing from FMO and Axis Bank, advised by DSK Legal. Legal support included negotiating transaction documents and compliance matters.
DSK Legal and Khaitan & Co Secure Finance for Sunsure Energy
Sunsure Energy Private Limited has successfully secured project financing amounting to ₹262 crore from the Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) and Axis Bank. DSK Legal played a pivotal role in advising Sunsure Energy throughout this financing process.
The legal advisory encompassed reviewing and negotiating the entire range of transaction documentation, alongside guidance on compliance matters related to the issuance of secured, unlisted, redeemable, non-convertible debentures. This financing initiative is critical as it underpins sustainable energy projects in India.
This deal highlights the significant role that legal practitioners play in facilitating major funding activities, particularly in the renewable sector. It serves as a reminder for practitioners to stay informed about legal frameworks guiding financial transactions and compliance requirements in the energy industry.