OFFICIAL PRESS RELEASE
Shardul Amarchand Mangaldas & Co. advised Pipeline Infrastructure Limited (“Issuer”) and India Infrastructure Trust (“InvIT”) on the issuance of fully paid up, secured, listed non-convertible debentures aggregating up to INR 6,452 crores to refinance the acquisition of one of India’s largest gas pipelines running from Kakinada in Andhra Pradesh to Bharuch in Gujarat across 1,480 kms. The deal was closed on March 11, 2024.
The arrangers and initial subscribers to the transaction were Axis Bank Limited, Kotak Mahindra Bank Limited, Barclays Bank PLC, and ICICI Bank Limited.
The transaction team was led by Shubhangi Garg, Partner, Adheesh Agarwal, Senior Associate, Indraneel Godsay, Associate and Charitha Karadagi, Associate.
Abhishek Parekh, Partner, Neelam Pathak, Partner, Arjun Menon, Senior Associate and Aparna R., Associate advised on certain corporate aspects of the deal.
Trilegal advised the arrangers on the legal aspects.
