Aishwarya Samanta

Associate Partner
New Delhi

Aishwarya is an Associate Partner at the New Delhi office of Phoenix Legal. Her specialty lies in offering advice on banking and finance transactions that involve various financing structures and lending arrangements, including debt restructuring, equity financing, project finance, and external commercial borrowings. She has worked with clients in diverse sectors such as renewable and non-renewable power, roads and highways, and real estate. Her clientele includes both Indian and foreign banks and financial institutions, funds, as well as companies in the financial sector.

Additionally, Aishwarya holds experience in advising both authorities and bidders in relation to project advisory- tender documentation, public-private partnerships, consortium arrangements and general corporate advisory.

  • BPEA Credit on funding to KN Highways Development Private Limited (a group company of DRN Group) through subscription of unlisted, secured, redeemable non-convertible debentures for funding development of a state highway project.
  • International Finance Corporation on the development, operation and maintenance of radiology centers (CT, MRI and PET-CT) in Medical College Hospitals on public private partnership mode in Maharashtra.
  • CRISIL Risk and Infrastructure Solutions Limited and World Bank on developing credit enhancement structures and create a roadmap for implementing such structures.
  • Deutsche Bank on the financial assistance advanced, by way of external commercial borrowings, to Dredging Corporation of India, a state-owned company that dredges for Indian seaports for the purpose of (i) financing supply of dredging equipment by a Netherlands-based shipbuilding company to an Indian-based shipbuilding company; and (ii) payment of upto 100% of premium amount to a Netherlands based insurance company which insured Deutsche Bank against default and political risk arising out of the transaction for which legal opinion was issued on the capacity and enforceability of the facility aspects in addition to opining on the legality, validity and enforceability of financing and security documents; and
  • NHPC Limited and SBI Capital Markets Limited on asset monetization through securitisation of cashflows by monetization NHPC Limited's return on equity of Chamera-I Power Station (3 x 180 MW) set up on river Ravi in Chamba district in the state of Himachal Pradesh.
  • Hindustan Petroleum Corporation Limited (HPCL) on asset monetisation through securitisation of future cashflows from CODO and DODO retail outlets, in the form of Service Station License Fees / License Fee Recovery paid by retail outlets, for the use of assets installed by HPCL at these retail outlets.
  • SJVN Limited on the acquisition of a company by (four) operational solar power projects (cumulative capacity of 135 MW) promoted by Rays Power Infra Private Limited in the state of Karnataka and Tamil Nadu, owned and operated by Tirunveli Solar Projects Private Limited and JRK Solar Projects Private Limited (SPVs), including carrying of legal due diligence of the said SPVs & the projects and drafting of the transaction documents for the proposed acquisition.
  • State Bank of India on funding of the funding granted to a subsidiary of THINK Gas Investments Pte Ltd., for purpose of implementation of the city gas distribution network including development of compressed natural gas stations, district regulatory station, laying of steel pipeline grid, medium density polyethylene pipeline and associated works in geographical area of Bagpat, state of Uttar Pradesh.
  • IndusInd Bank Limited on the funding advanced to large Indian conglomerate engaged in cement business for varied purposes including reimbursement of capex incurred and procurement of raw material stores and spares and capital goods.
  • REC Limited on the funding granted to Adani Enterprises Limited towards refinancing of the existing facility availed from Yes Bank Limited in relation to Parsa East and Kanta Basan coal block mining project in Sarguja district, state of Chhattisgarh for the exclusive use of Rajasthan Rajya Vidyut Utpadan Nigam Limited.
  • A consortium of lenders comprising of Power Finance Corporation Limited and REC Limited on restructuring of the existing deed of pledge to give effect to release and re-pledge of the pledged shares owing to the acquisition by one of the promoters of the entire shareholding in the borrower by the other promoters. The transaction became effective in the sequence of lenders permission first for transfer of shares followed by pledge of free shares, release of pledged shares, and consequent pledge.
  • PTC India Financial Services Limited on funding of Radiance Renewables Private Limited for implementation of the identified projects i.e., ground mounted/rooftop solar power/behind the meter projects, either housed under it or any of its special purpose vehicles, subsidiaries, and joint ventures.
  • NIIF Infrastructure Finance Limited on the refinancing of solar power projects promoted by SolarArise India Projects Private Limited, that is, 30MW AC (40.5MW DC) solar PV power projects at Koppal district, state of Karnataka operated by Talettutayi Solar Projects One Private Limited and 20MW AC (27 MW DC) solar PV power projects at Koppal district, state of Karnataka operated by Talettutayi Solar Projects Two Private Limited.
  • PFC Consulting Limited on the acquisition of a company by Uttar Pradesh Power Corporation Limited implementing a thermal power project in the state of Uttar Pradesh.
  • Punjab National Bank Limited on the funding advanced to SJVN Green Energy Limited, a subsidiary of SJVN Limited, for part financing the constructions cost of the various projects to be undertaken by SJVN Green Energy Limited.
  • Mogli Labs Asia Private Limited (Credlix) for its day-to-day business operations including in relation to the export supply, domestic supply and GIFT city business of Credlix including advising on necessary compliances, filings, reporting mechanisms under applicable law
  • HDFC Bank Limited on syndicated rupee facilities granted to Dalmia Bharant (Cement) Limited (erstwhile Murli Industries Limited), for inter alia rehabilitation of the cement and clinker facility of capacity 2.87 mtpa and 1.9 mtpa respectively in Naranda, Chandrapur district, state of Maharashtra being implemented by Murli Industries Limited, other capital expenditure.
  • TARC Limited, a listed entity, on issuance of listed and unlisted, secured, redeemable non-convertible debentures to a fund being managed by Bain Capital Credit, L.P. for inter alia repayment of the entire outstanding credit facilities being availed by the entire group.
  • SEIL Energy India Limited, an entity of Sembcorp group, on various funding transactions.