Rachit Verma
Partner Designate
Qualifications
- B.A., LL.B. (Hons.) – Rajiv Gandhi National University of Law, Patiala
Bar Enrolment
- Bar Council of Uttarakhand
Rachit graduated from Rajiv Gandhi National University of Law, Patiala, in 2018. Since then, he has advised and represented several leading banks, financial institutions, and corporate entities across a broad spectrum of transactions. His experience spans general corporate advisory as well as complex financing and lending matters, including but not limited to slump sales, infrastructure and real estate financing, external commercial borrowings, structured finance, and debenture issuances. Rachit has played a pivotal role in several high-value and strategically significant transactions.
Experience Statement
- Acted for the State Bank of India in connection with a financing facility of INR 1,370 Crores extended to Sarla Garments LLP (an entity which shares common promoter with Shahi Exports Private Limited), for the purpose of financing the borrower’s diversification from its core textile operations into a large-scale commercial real estate project in Bengaluru.
- Advised Patanjali Foods Limited on its acquisition of the non-food business undertaking of Patanjali Ayurved Limited, structured as a slump sale on a going concern basis, with a total deal value of INR 1,100 Crores. Separately also assisted Patanjali Foods Limited in entering into a licensing agreement, permitting it to use certain intellectual properties of Patanjali Ayurved Limited. The scope involved conducting due diligence and drafting and finalizing of a Business Transfer Agreement and a License Agreement.
- Acted for the State Bank of India in connection with a rupee term loan facility extended to FA Power Renewables Hindupur Private Limited for the purpose of setting up a ground mounted, grid connected, solar power generation project at Andhra Pradesh, India, under the open access scheme.
- Acted as the legal counsel to Canara Bank in relation to an external commercial borrowing of an amount up to USD 30 Million, extended to UGRO Capital Limited.
- Acted for the State Bank of India in connection with fund based and non-fund-based facilities extended to Myrayash Hotels Private Limited for the development of a five-star hotel project awarded by Goa Tourism Development Corporation under a concession agreement.
