TT&A advised an Indian development finance institution in relation to its subscription of listed, senior, secured, non-convertible debentures, aggregating to INR 1900,00,00,000, issued by Summit Digitel Infrastructure Limited (“Issuer”), for the purpose of capital expenditure, refinancing, repayment, and/or prepayment of existing indebtedness of the Issuer and capital expenditure.

The NCDs are secured by a first-ranking pari passu charge on inter alia all moveable fixed assets and current assets of the Issuer.

TT&A Team: Gautam Saha – Joint Managing Partner, Nikhil Bahl – Partner; Ashley George – Senior Associate and Eshani Agarwal – Associate