Vedanta Holdings Mauritius Limited’s Bridge Financing

Khaitan & Co acted as the leader advisor to the Lenders, Hedge Counterparties, Arrangers and Agent.

Vedanta Holdings Mauritius Limited received a bridge facility of $1.75 billion.

Vedanta Resources Holdings Ltd operates in the metals and mining sectors.

JPMorgan Chase Bank N.A., London Branch, Barclays Bank PLC, Credit Suisse AG, Singapore Branch, Deutsche Bank AG, Singapore Branch, and Standard Chartered Bank (acting through its DIFC Branch) as the Lenders and the Hedge Counterparties; J.P. Morgan Securities plc as Global Coordinator; J.P. Morgan Securities plc, Barclays Bank PLC, Credit Suisse AG, Singapore, Branch, Deutsche Bank AG, Singapore Branch and Standard Chartered Bank (acting through its DIFC Branch, as the Arrangers; and J.P. Morgan AG and Citicorp International Limited as the Agent, Common Security Agent and Loan Security Agent.

The Khaitan & Co team consisted of Partner Haigreve Khaitan (Picture), Manisha Shroff (Partner), Smita Jha (Principal Associate), Rolwine Alva (Principal Associate), Enakshi Jha (senior Associate), Sonakshi Faujdar (Associate), Siddhant Shetty (Associate) and Akshay Ferdinand (Associate) advised on the bridge financing and financing diligence aspects. Arindam Ghosh (Partner) and Gaurav Malhotra (Senior Associate) advised on the Indian law aspects of the Take Private Transaction. Sharad Abhyankar (Partner), Sudhir Bassi (Executive Director), Mehul Shah (Partner), Aman Yagnik (Principal Associate) and Rushabh Gala (Associate) advised on the corporate and M&A aspect. Anisha Chand (Partner) and Anmol Awasthi (Associate) advised on the competition law aspects.

Involved fees earner: Sharad Abhyankar – Khaitan & Co.; Rolwine Alva – Khaitan & Co.; Anmol Awasthi – Khaitan & Co.; Sudhir Bassi – Khaitan & Co.; Anisha Chand – Khaitan & Co.; Sonakshi Faujdar – Khaitan & Co.; Akshay Ferdinand – Khaitan & Co.; Rushabh Gala – Khaitan & Co.; Arindam Ghosh – Khaitan & Co.; Smita Jha – Khaitan & Co.; Enakshi Jha – Khaitan & Co.; Haigreve Khaitan – Khaitan & Co.; Gaurav Malhotra – Khaitan & Co.; Mehul Shah – Khaitan & Co.; Siddhant Shetty – Khaitan & Co.; Manisha Shroff – Khaitan & Co.; Aman Yagnik – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Barclays Bank; Barclays Bank; Citicorp International Limited; Credit Suisse; Deutsche Bank; JP Morgan; JP Morgan Chase & Co.; JP Morgan Securities; Standard Chartered; Standard Chartered Bank;

Author: Michael Patrini