Nikhil Sawlani
Associate Partner
Mumbai
Nikhil is an Associate Partner with the banking and finance practice at Phoenix Legal and has over 8 years of experience.
Nikhil is based out of the Mumbai office of the firm. Nikhil's areas of experience include banking and finance, syndicated rupee lending, foreign currency lending (including external commercial borrowings and overseas direct investment transactions), securitisation, debt capital markets and structured finance.
- Advised on the simultaneous INR 320,00,00,000 issuance of non-convertible debentures issued by Annapurna Finance Private Limited, Arohan Financial Services Limited, ASA International India Microfinance Limited, Asirvad Microfinance Limited, Chaitanya India Fin Credit Private Limited and Fusion Micro Finance Private Limited on a private placement basis as part of the pooled bond issuance structure to CDC Group which was partially guaranteed by Northern Arc Capital Limited on the providing of a partial guarantee at the pool level.
- Advised Calvert Impact Capital, Inc. on the providing of external commercial borrowing facilities aggregating to USD 10,000,000 to Northern Arc Capital Limited.
- Advised United States International Development Finance Corporation (DFC) on a guarantee to be provided by DFC to IndusInd Bank Limited in relation to Indian Rupee facilities to be provided by IndusInd Bank Limited to Indifi Capital Private Limited (Formerly Riviera Investors Private Limited).
- Advised various Indian investors (including banks, non-banking financial companies and small finance banks) such as Northern Arc Capital Limited, Wint Wealth, Bajaj Finance, JM Financial, Phillip Capital, and AU Small Finance Bank, and foreign portfolio investors such as Symbiotics, BlueOrchard, Triplejump, Triodos, Microvest, FMO, Incofin and GAWA Capital , on their subscription of secured/unsecured, subordinated/unsubordinated, listed/unlisted non-convertible debentures issued by Indian issuers such as Annapurna Finance Private Limited, Aye Finance Private Limited, NeoGrowth Credit Private Limited, Spandana Sphoorty Financial Limited, Aviom India Housing Finance Private Limited, Svasti Microfinance Private Limited, Save Solutions Private Limited, Pahal Financial Services Private Limited, Kinara Capital Private Limited (formerly known as Visage Holdings and Finance Private Limited), and ASA International India Microfinance Limited.
- Advised various foreign lenders such as BlueOrchard, Triplejump, Microvest, Enabling Qapital, Agents for Impact and Grameen Credit Agricole Microfinance Foundation on providing of external commercial borrowing facilities to Indian borrowers such as Annapurna Finance Private Limited, Midland Microfin Limited, Electronica Finance Limited, UGRO Capital Limited, NeoGrowth Credit Private Limited, Kinara Capital Private Limited and Dvara Kshetriya Grameen Financial Services Private Limited.
- Advised on various listed and unlisted securitisation transactions (including multi-originator securitisation and securitisations involving replenishment structures) including securitisation transactions arranged by Northern Arc Capital Limited, with originators such as Clix Capital Services Private Limited, Lendingkart Finance Limited, NeoGrowth Credit Private Limited, Manba Finance Limited, Muthoot Capital Services Limited, Muthoot Microfin Limited, Spandana Sphoorty Financial Limited, and investors such as DCB Bank, Kotak Bank, Federal Bank, ICICI Bank, L&T Finance, IDFC FIRST Bank, MAS Financial, Axis Bank and Hinduja Leyland Finance.