TT&A advised Asian Development Bank (“ADB”) and Asian Infrastructure Investment Bank (“AIIB”) (collectively “Debenture Holders”), in their subscription to secured, unlisted non-convertible debentures issued by JBM Ecolife Mobility Private Limited (“Issuer”) aggregating to INR 2,239,300,000 (“Debentures”).

This deal is significant as the funds provided by the Debenture Holders will enable the Issuer to finance the procurement of up to 200 e-buses, along with associated operational, maintenance, and infrastructure costs, including depots and charging stations pursuant to a concession awarded to the Issuer in Odisha for operation of such e-buses.

TT&A Team: Ambarish Mohanty and Pragya Sood – Partners; Siddharth Tandon – Managing Associate and Shubham Gupta, Sajjan Singh & Maansi Mehta – Associates.