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Gravitas helps PTC lend $22m to KKR-Cleanmax solar project

PTC India Financial Services extended Rs 158 crore rupee facilities toward KKR India Financial Services’ outstanding debt at the request of energy company Cleanmax IPP 2 (CMIP2). CMIP2 had borrowed Rs 150 crore from KKR India by a 6 January 2018 agreement. The loan was for its 32MW AC (46.4 MW DC) photovoltaic solar power project at District Bellary, Karnataka.

Gravitas Legal advised PTC India Financial Services Limited led by a team of partner Tanuj Sud, principal associate Henna Vadhera, associate Aditya Pandey and associate Aditya Prakash.

Deal value: Rupees 158 crores

This deal has not been reported by any mainstream media outlets at the time of going to press and is based on the information supplied in a law firm's press release.

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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