Abhishek Khatri

He has worked on multiple project financing transactions in the sectors of energy transition, ports, transmission and data centres.  He also regularly advises corporates, banks and funds on structured lending and corporate finance deals.

• Advised eight international lenders – ING Bank N.V., Intesa Sanpaolo, KfW IPEX, MUFG Bank Ltd., Natixis, Standard Chartered Bank, Société Générale and Sumitomo Mitsui Banking Corporation in relation to India’s largest sustainability linked financing availed by AdaniConneX (Adani Group and EdgeConneX’s joint platform) for funding greenfield data centres India.
• Advised a consortium of 12 lenders comprising of Standard Chartered Bank, Intesa Sanpaolo, MUFG Bank, SMBC, Rabobank U.A., DBS Bank, Mizuho Bank, BNP Paribas, Barclays Bank, Deutsche Bank, Siemens Bank and ING Bank, in connection with external commercial borrowing extended to Adani Group companies for setting up of consolidated 1.69 GW of solar-wind hybrid green field power projects situated in Rajasthan, India. This is the first and the largest hybrid renewable financing in India where external commercial borrowing has been availed from a consortium lender for greenfield hybrid projects of solar and wind. It is also one of the largest hybrid renewable financing globally. For number of lenders, this was the first project finance transaction in the Indian renewable sector.
• Advised a syndicate of lenders (Standard Chartered Bank, MUFG Bank, Ltd., DBS Bank Ltd., Intesa Sanpaolo S.p.A., Mizuho Bank, Ltd, Société Générale, Siemens Bank GmbH, Sumitomo Mitsui Banking Corporation) in relation to a facility of USD 1.1 Billion for part financing the capital expenditure cost of Adani Transmission Limited’s under-construction transmission projects in the Indian states of Maharashtra and Gujarat. The transaction has been featured in the Project Finance International (PFI) Yearbook 2022 and has been awarded the Asia – Pacific Indian Deal of the Year by the PFI Awards 2021.
• Advised Standard Chartered Bank, MUFG Bank, Gift Branch, ING Bank, Singapore Branch, ING Bank, Mizuho Bank, Ltd, Sumitomo Mitsui Banking Corporation, Singapore Branch and Natixis, Singapore Branch in relation to a USD 213 million facility raised by AdaniConneX (Adani Group and EdgeConneX’s joint platform) as India’s first US dollar project financing for funding two greenfield data centres with aggregate capacity of 67 MW. This transaction has been awarded the Project Finance International’s APAC Digital Infrastructure Deal of the Year 2023
• Acted as legal counsel to Barclays Bank PLC and Mizuho Bank, Ltd in the first large scale portfolio construction financing involving smart meter projects in India. The facility, taken by subsidiaries of Adani Energy Solutions Limited, had been structured as an INR revolving credit facility for USD 850,000,000 (United States Dollars Eight Hundred and Fifty Million only), with USD 120,000,000 (United States Dollars One Hundred and Twenty Million only) committed upfront, available to a restricted group of borrowers in the portfolio.
• Advised Sumitomo Mitsui Banking Corporation Singapore Branch and Barclays Bank PLC, in relation to a financial assistance of USD120 million availed offshore by Actis Highway Infra Limited for the purposes of part financing the acquisition of six road assets (NHAI and PWD) in India from the Welspun group.
• Advised Sumitomo Mitsui Banking Corporation, MUFG Bank, Ltd., Intesa Sanpaolo S.p.A., Standard Chartered Bank, DBS Bank Ltd., Société Générale; Coöperatieve Rabobank U.A. and BNP Paribas in respect to a committed external commercial borrowing (ECB) facility and guarantee facility for an aggregate amount not exceeding USD 1.35 Billion for a 2167 MW under-construction solar power projects being set up in the renewable energy park in Khavda, Gujarat by the Adani Group.
• Acted an investor counsel to DBS Bank Ltd, The Hong Kong Banking Corporation, Citicorp Investment Bank (Singapore) Limited and Mizuho Bank Ltd Singapore Branch in its subscription of secured and listed non-convertible debentures issued by the Fortis Healthcare Limited for acquisition of the shares of its subsidiary, Agilus Diagnostics Limited from exiting third party investors.

• Bar Council of Maharashtra & Goa, India