TT&A acted as legal counsel to investors in relation to issuance of 5,000 redeemable, unlisted, rated, non-convertible bonds (“Issuer 1 Bonds”) issued by Tulsi Palace Resort Private Limited (“Issuer 1”), a JV portfolio company of Brookfield group which operates Hotel “Leela” palace in Jaipur, in one tranche, for the purpose of refinancing of existing financial indebtedness of the Issuer.

TT&A also acted as legal counsel to investors in relation to issuance of 42,500 redeemable, listed, rated, non-convertible bonds (“Issuer 2 Bonds”) issued by Moonburg Power Private Limited (“Issuer 2”) in one tranche, for the purpose of acquisition of 50% of equity share capital of Issuer 1 from existing shareholders of Issuer 1.

Upon acquisition, Issuer 1 became an entity fully controlled by Brookfield.

TT&A Team: Sonali Mahapatra & Nidhi Rani – Partners; Saurav Roy  – Senior Associate and Simmant Satapathy & Nikita Agarwal – Associates