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Trilegal Advises On The First Edelweiss InVIT - Anzen India Energy Yield Plus Trust

The deal team was led by Partner, Richa Choudhary, and comprised Senior Associates, Avanti Kale, Pooja Sharma and Maitreya Rajurkar, and Associates, Sanya Chaudhari, Aayush Khandelwal, Nidhisha Garg, Urmil Shah and Aditya Bharadwaj.

Trilegal advised the merchant bankers, Axis Capital Limited, Credit Suisse Securities (India) Private Limited and Edelweiss Financial Services Limited on the initial offer by Anzen India Energy Yield Plus Trust (“Trust”) of up to 75,000,000 units, representing an undivided beneficial interest at a price of INR 100 per unit, aggregating to INR 7,500 million. The issuance was undertaken by way of a private placement under the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 (“InvIT Regulations”). The Trust has been established to own power transmission and renewable energy assets in India. It is the first infrastructure investment trust from the Edelweiss group. The transaction involved a complex structure, with the Trust acquiring equity and debt securities in two power transmission assets, including through a swap of units of the Trust. As part of the transaction, the Trust also acquired the right of first offer to acquire 12 renewable energy assets from its sponsor and affiliates.

The deal team was led by Partner, Richa Choudhary, and comprised Senior Associates, Avanti Kale, Pooja Sharma and Maitreya Rajurkar, and Associates, Sanya Chaudhari, Aayush Khandelwal, Nidhisha Garg, Urmil Shah and Aditya Bharadwaj.


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