Khaitan & Co advised Jabalpur Transmission Company Limited (JTCL) in relation to the rupee term loan facility aggregating to INR 425 crores availed from ICICI Bank Limited for the purpose of, inter alia, refinancing the loan from Kotak Mahindra Bank Limited. The facility is secured by the movable and immovable assets of JCTL.
Jabalpur Transmission Company Limited constructs, maintains and operates power transmission lines in the States of Chhattisgarh and Madhya Pradesh. Jabalpur Transmission Company Limited is controlled by India Grid Trust, an Infrastructure Investment Trust registered with SEBI. Manisha Shroff (Partner) Rolwine Alva (Senior Associate) and Enakshi Jha (Associate) represented the client on the transaction.
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