Luthra advises Zelestra Corp subsidiary on a ₹1,234 crore debt deal

Gorbea Solar Private Limited, a subsidiary of Zelestra Corporation S.A.U., has availed financial assistance from Bank of America, MUFG Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited (HSBC) and Crédit Agricole Corporate and Investment Bank, India by way of INR denominated facility of up to ₹1234.7 crore.

Luthra and Luthra Law Offices India advised Gorbea Solar on this transaction.

The transaction team consisted of Karan Mitroo (Partner), Surbhi Jain (Senior Associate) and Jhalak Gupta (Associate).

The funds will be used by Gorbera Solar to finance a 300MW greenfield solar PV plant in the district of Jodhpur, Rajasthan.

This project reaffirms Zelestra’s commitment to the development of renewable solutions for its customers in India. 

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