PRESS RELEASE
19 August 2026

JSA Advises IndusInd Bank On Financing To Lightstorm

J
JSA

Contributor

JSA Advocates and Solicitors is a top-tier, full-service Indian law firm. Established in 1991, at the start of India’s economic liberalisation, the firm has built a strong reputation for handling complex and high-stakes legal and commercial matters. The firm is organised around specialist practice areas and industry sectors. It works closely with leading Indian corporates, Fortune 500 companies, global financial institutions, and government and statutory bodies on important corporate, financing, and disputes mandates. JSA has a team of over 700 legal professionals, including 180+ partners, and operates from 10 offices across seven cities in India: Ahmedabad, Bengaluru, Chennai, Gurugram, Hyderabad, Mumbai, and New Delhi. The firm is consistently recognised as a top-tier practice by leading international legal directories, including Chambers & Partners (Asia-Pacific and Global), Legal 500, and AsiaLaw.
JSA Advocates and Solicitors (JSA) advised IndusInd Bank Limited as the lender in relation to an INR 2,501 crore debt financing extended to Lightstorm under a co-borrower structure.
India

JSA Advocates and Solicitors (JSA) advised IndusInd Bank Limited as the lender in relation to an INR 2,501 crore debt financing extended to Lightstorm under a co-borrower structure.

The mandate involved structuring, drafting and negotiating the financing and security documents, and the documentation framework governing the funded and non-funded facilities. The financing involved multiple facilities under a co-borrower arrangement and required the transaction documents to address the operational and security framework applicable across the financing.

The transaction required a bespoke security structure tailored to the Borrowers' business model. The documentation was accordingly structured to provide an integrated framework for the financing and the related security arrangements, taking into account the nature of the Borrowers' business and operations.

The JSA team was led by Anish Mashruwala, Partner with Karan Mitroo, Partner and supported by Shekhar Shrivastava, Counsel and Arpita Mittal, Associate.

Contributor

JSA Advocates and Solicitors is a top-tier, full-service Indian law firm. Established in 1991, at the start of India’s economic liberalisation, the firm has built a strong reputation for handling complex and high-stakes legal and commercial matters. The firm is organised around specialist practice areas and industry sectors. It works closely with leading Indian corporates, Fortune 500 companies, global financial institutions, and government and statutory bodies on important corporate, financing, and disputes mandates. JSA has a team of over 700 legal professionals, including 180+ partners, and operates from 10 offices across seven cities in India: Ahmedabad, Bengaluru, Chennai, Gurugram, Hyderabad, Mumbai, and New Delhi. The firm is consistently recognised as a top-tier practice by leading international legal directories, including Chambers & Partners (Asia-Pacific and Global), Legal 500, and AsiaLaw.
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