1. L&L Partners Law Offices advises in draft offer for Initial Public Offering

L&L Partners Law Offices - Capital Markets team advised Venus Pipes & Tubes Limited (the “Company”) and SMC Capitals Limited (The “BRLM”) in the filing of the draft offer document in relation to the proposed Initial Public Offering of the equity shares of the Company.

The firm acted as the sole legal counsel to the Company and BRLM and was involved in conducting diligence and drafting of the offer documents, standard certificates, agreements and also advised the Company and BRLM on various aspects under Indian law.

The Issue comprises a fresh issue of 50,74,100 equity shares of the Company, aggregating up to Rs 175 crores. The Company intends to use the proceeds of the Issue for financing the project cost towards capacity expansion and backward integration for manufacturing of hollow pipes, to meet their long-term working capital requirements, and other general corporate purposes.

The Team

The transaction team was led by Geeta Dhania (Partner), Prashaant Vikram Rajput (Partner Designate), and ably assisted by Associates Tripti Pandey, Apurva Singh, Rohit Patni, Sakshi Mandal and Ridhi Jain.

2. L&L Partners acts and advises in connection with INR 1.85 Billion financial assistance

L&L Partners has recently acted for and advised NIIF Infrastructure Finance Limited in connection with the financial assistance aggregating up to INR 1.85 Billion to TVS Industrial & Logistics Parks Private Limited (“Borrower”), a group company of TVS Supply Chain Solutions Limited (the logistics arm of the TVS Group) for refinancing of indebtedness incurred / investments made in relation to the operating warehouses of the Borrower spread across 4 (four) locations, namely (i) Chakan (in Maharashtra), and (ii) Vaipoor (in Tamil Nadu), (iii) Hosur (in Tamil Nadu), and (iv) Bhubaneshwar (in Odisha).

The Team

The transaction team consisted of Girish Rawat (Partner), Varun Chauhan (Senior Associate) and Himanshi (Associate).

3. L&L Partners acts and advises in connection with INR 5.00 Billion financial assistance

The Firm has recently acted for and advised HDFC Bank Limited in connection with the financial assistance aggregating up to INR 5.00 Billion to Green Gas Limited (“Borrower”), a joint venture of GAIL (India) Limited and Indian Oil Corporation Limited, for takeover/refinance of outstanding existing facilities and part financing the ongoing & future capex of the Borrower for City Gas Distribution network and infrastructure in the authorized geographical areas, including Faizabad, Unnao, Agra and Lucknow(“Project”).

The Team

The transaction team consisted of Girish Rawat (Partner), Varun Chauhan (Senior Associate), Ashneet Chhabra (Associate), Himanshi Bhadoria (Associate) and Riya Manuja (Associate).

4. L&L Partners acts and advises in connection with INR 969.87 Crores financial assistance

L&L Partners Law Offices has recently acted for and advised State Bank of India in connection with the financial assistance aggregating up to INR 969.87 Crores to Renew Solar Power Private Limited (“Borrower”), a subsidiary of Renew Power Private Limited, for refinancing existing term loans and the non-fund based facility from its existing lenders in relation to a 250 MW AC solar power project at Bikaner in the state of Rajasthan (“Project”).

The Team

The transaction team consisted of Mr. Karan Mitroo (Partner), Mr. Subhrajeet Mahapatra (Associate), Ms. Surbhi Jain (Associate), Aishwarya Dixit (Associate), Aditya Bhayal (Associate) and Ms. Arbina Dey (Associate).