With over 10 years of experience, Arkoday advises banks, financial institutions and corporates on a broad range of transactions including project financing, syndicated loans, debt investments, debt restructuring, stressed acquisitions, stressed debt funding and recovery of loans.
Relevant Experience
Advising Government of Maharashtra (acting through MSEB Holding Company Limited) in relation to the bidding and implementation of distributed solar projects under the Mukhyamantri Saur Krushi Vahini Yojana – 2.0.
Advised consortium of lenders led by State Bank of India and ICICI Bank regarding financing availed by Cube Highways Trust (InvIT) for on-lending to 15 SPVs.
Advised consortium of lenders led by State Bank of India regarding recovery/settlement of loans availed by Aban Offshore by sale of 18 cross-jurisdictional oil rigs through international bidding.
Advised HSBC in relation to the green loan facility availed by 18 portfolio companies (engaged in the business of providing logistics and warehousing related infrastructure in India) of Indospace Logistics Parks Core Pte. Ltd. (joint venture company promoted by Everstone backed Indospace, Canada Pension Plan Investment Board and GLP) for financing/refinancing of their certified green projects in India, which have also achieved EDGE green building certification developed by International Finance Corporation.
Advised Axis Bank and State Bank of India in relation to financing availed by Bangalore International Airport Limited to finance inter alia the expansion of passenger handling capacity of the Kempegowda International Airport, Bengaluru by development of a new airfield, construction of terminal 2, a second runway along with other associated airside and landside infrastructure.
Advised State Bank of India, Axis Bank Limited and Bank of Baroda, on a multi-banking arrangement, in relation to the financial assistance availed by DME Development Limited (wholly owned subsidiary of NHAI) for part financing the first and second-year expenditure in relation to the construction and development of the Delhi-Mumbai Expressway (access-controlled greenfield expressway) of approximately 1276 kilometres, passing through the states of Delhi, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra.
Advised consortium of lenders led by State Bank of India in relation to the financing of rupee term loan and India Infrastructure Finance Company (UK) Limited in relation to a foreign currency facility, granted to HPCL-Rajasthan Refinery Limited.
Advised Nagpur Mumbai Super Communication Expressway Limited with respect to the financing availed from a consortium of 12 banks and financial institutions led by State Bank of India for the development, maintenance and operation of approximately 701.5 km long 8-lane access controlled super communication expressway in the state of Maharashtra along the Nagpur Mumbai corridor (i.e. Maharashtra Samruddhi Mahamarg, now renamed as Hindu Hruday Samrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg).
Advising National Asset Reconstruction Company Limited in relation to acquisition of multiple stressed loan accounts from the existing lenders.
Advised State Bank of India regarding post-IBC debt refinancing of South East U.P. Power Transmission Company Limited.