Mithila Bhati

Associate Partner

Mithila is an associate partner with the Mumbai office of Phoenix Legal. As part of the firm's banking and finance, debt capital markets (DCM) and the structured finance practice, Mithila has worked with a diverse clientele which includes Indian and foreign banks and financial institutions (including NBFCs and HFCs), funds, investors, issuers, arrangers, and companies in the financial sector, on a wide range of financing matters including structured finance, plain vanilla and syndicated rupee term loans, cross border financings, ECB facilities, ODI facilities, acquisition/promoter financing, subscription to non-convertible debt securities (secured, dual recourse/covered, unsecured, and subordinated), transfer of loans/direct assignment and securitisation transactions.

  • Advised various issuers such as Annapurna Finance Private Limited, Asirvad Micro Finance Limited, Centrum Micorcredit Limited, Dhanvarsha Finvest Limited, Electronica Finance Limited, Fourth Partner Energy Private Limited, FPEL Trinity Energy Private Limited (being a subsidiary of Fourth Partner Energy Private Limited), Hinduja Leyland Finance Limited, Home First Finance Company India Limited, Kogta Financial India Limited, and Muthoot Capital Services Limited on issuances of non-convertible debt securities (secured, listed, unsecured and subordinated).
  • Advised various originators such as Adani Capital Private Limited, IIFL Finance Limited, Indel Money Limited, India Shelter Finance Corporation Limited, MAS Financial Services Limited, Manba Finance Limited, Motilal Oswal Home Finance Limited, Muthoot Fincorp Limited and Shriram Housing Finance Limited on direct assignment/transfer of loans transactions, and securitization transactions.
  • Advised investors (including public sector banks/undertakings) such as Bandhan Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, CSB Bank Limited, DCB Bank Limited, Federal Bank Limited, ICICI Bank Limited, ICICI Prudential, IDFC FIRST Bank Limited, Jana Small Finance Bank Limited, Indian Bank, Karur Vysya Bank Limited, Magma Housing Finance Limited, PHL Fininvest Private Limited, Poonawalla Fincorp Limited, Punjab National Bank, State Bank of India, Tata Capital Financial Services Limited, Union Bank and UNIFI AIF on their investments in direct assignment/transfer of loans transactions, securitisation transactions and issuances of non-convertible debentures.
  • Advised Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. (FMO) on providing an external commercial borrowing facility to Vistaar Financial Services Private Limited for on-lending to microbusinesses and the small and micro entities. Advised FMO on its subscription of secured non-convertible debentures issued by Magma Fincorp Limited for the purposes of, inter alia, expansion and growth of the issuer's micro, small and medium enterprises loan portfolio.
  • Advised Finnish Fund for Industrial Cooperation Ltd (Finnfund) on providing an external commercial borrowing facility to Annapurna Finance Private Limited.
  • Advised funds advised by Agents for Impact on providing an external commercial borrowing facility to Svatantra Micorfin Privtae Limited.
  • Advised Symbiotics (a foreign portfolio investor (FPI)) on its subscription of secured non-convertible debentures issued by Fourth Partner Energy Private Limited to, inter alia, finance the construction and operation of roof-top solar projects in India.
  • Part of the team that was awarded the “Most Innovative Deal of the Year, 2021” by the Indian Securitisation Awards, 2021.
  • Advised responAbility on providing an external commercial borrowing facility to a renewable energy company.
  • Advised Avendus Finance Private Limited on various term loans facilities (including syndicated facilities), acquisition financing and its subscription to non-convertible debentures, to various borrowers, including in the health care and the pharmaceuticals sector.
  • Advised HDFC Bank Limited on syndicated term loan facilities provided to an entities engaged in constructing and operating hospitals.
  • Advised overseas branches of ICICI Bank Limited on corporate guarantees provided(s) by Indian parents in respect of debt availed by overseas subsidiaries under the ODI route.