Khaitan & Co acted as legal advisors to Krutrim Data Centre Private Limited for issuance of senior, secured, redeemable, unrated, unlisted, non-convertible debentures of the aggregate nominal value of INR 250 crores in multiple tranches on a private placement basis. The loan is provided against a contractual non-disposal undertaking from Bhavish Agarwal over promoter locked in shares of Ola Electric Limited.
The core team consisting of Smita Jha (Partner), Diksha Singh (Principal Associate), Riddhiman Sarkar (Senior Associate) and Viti Bansal (Associate) represented the client on the transaction and Nagashayana S (Counsel) and Sanjeev Ramakrishnan (Associate) advised on aspects relating to disclosures to stock exchanges and restrictions over promoter locked-in shares under SEBI regulations.
