Shobhit Batta

Shobhit Batta is a Partner Designate in the Banking & Finance practice at Luthra and Luthra Law Offices India. With over a decade of experience in advising on complex domestic and cross-border financing transactions, Shobhit holds particular expertise in project finance, banking and finance, real estate finance, and infrastructure-related transactions.

Shobhit regularly advises banks, financial institutions, non-banking financial companies (NBFCs), developers, sponsors and infrastructure stakeholders on a broad range of financing matters. His practice encompasses acquisition and project financing, real estate financing, external commercial borrowings, structured lending, consortium financing, debt capital market transactions, security creation and enforcement, and banking regulatory issues.

He has significant experience in structuring, negotiating and documenting financing transactions across diverse sectors, including renewable energy, transportation and roads, power transmission, e-mobility, manufacturing, real estate and healthcare. His expertise also extends to advising on concession and project documents, lender and legal due diligence, title investigations, security structuring, and complex lender-side and sponsor-side mandates.

Over the course of his career, Shobhit has acted on several marquee financing and infrastructure transactions, including solar and highway projects, takeout financings, debenture subscription transactions, consortium lending arrangements, lender-led strategic processes and cross-border financing structures. He is known for delivering commercially focused and pragmatic advice on sophisticated financing transactions.

Experience Statement

• Advised Axis Bank Limited on the banking and finance aspects of its acquisition of the consumer businesses of Citibank India and Citicorp Finance (India) Limited, a landmark transaction involving the transfer of Citi’s consumer banking, credit cards, wealth management and retail lending businesses in India.
• Advised on the acquisition of a significant commercial real estate portfolio by Brookfield Property Group, involving complex acquisition financing and real estate transaction structuring.
• Advised Svatantra Microfin in connection with the acquisition of Chaitanya India Fin Credit, including transaction financing and banking documentation.
• Advised on the acquisition and financing of Jorabat Shillong Expressway Limited by Sekura Roads, involving infrastructure financing and project-related transaction documentation.
• Advised the National Bank for Financing Infrastructure and Development (NaBFID) in connection with financial assistance aggregating approximately INR 4,471 crore to four special purpose vehicles of the Avaada Group for the refinancing of lenders to 1,700 MW of inter-state transmission system-connected solar power projects in Rajasthan, one of India’s largest renewable energy refinancing transactions.
• Advised Dedicated Freight Corridor Corporation of India Limited in relation to its external commercial borrowing from a multilateral institution.
• Assisted SPVs / Nodal Agencies in all aspects of procurement, including issuing bid invitations, addenda/corrigenda and clarifications to bidders’ queries, and assisted in bid evaluation and selection of contractors / implementing agencies in relation to the implementation of a Smart City Proposal.
• Advised leading banks, financial institutions, NBFCs, infrastructure funds, developers and sponsors on domestic and cross-border financing transactions, including project finance, external commercial borrowings, consortium lending, structured finance, debenture issuances, real estate finance, security creation and enforcement, legal due diligence and infrastructure financing across the renewable energy, roads, transmission, e-mobility, manufacturing, healthcare and real estate sectors.