Varun Chauhan
Partner
Qualifications
- BA.LLB(H) – Amity Law School, Noida
- Post-Graduation in Corporate Laws and Management- Indian Law Institute, New Delhi
- Online Diploma in Entrepreneurship Administration and Business Laws- WB National University of Juridical Sciences, Kolkata
Bar Enrolment
- Bar Council of Delhi
Varun has over 12 years of experience advising on a broad range of banking and finance transactions, with a particular focus on project finance, structured finance, acquisition finance, real estate finance and debt capital markets. He regularly advises lenders, financial institutions, private credit funds and borrowers on complex financing transactions across the infrastructure, renewable energy, roads, transportation and real estate sectors, including financings involving InvITs and other structured platforms.
Varun has advised leading domestic and international banks, development financial institutions and NBFCs, including NaBFID, IIFCL, Power Finance Corporation, REC, State Bank of India, Union Bank of India, Bank of Baroda, Axis Bank, HDFC Bank, ICICI Bank, Yes Bank, DBS Bank, Standard Chartered Bank, MUFG Bank and Tata Capital Limited, on several significant project finance, structured finance and debt financing transactions.
Experience Statement
- Advised ICICI Bank Limited for providing working capital bank guarantee limits to Oriental Infra Trust (OIT) and sharing the security with a consortium of lenders (previously advised by us) including IndusInd Bank, ICICI Bank, Axis Bank, and NaBFID. Significance- Original financing transaction to OIT is one of the largest infra trust financings.
- Advised State Bank of India and a consortium of lenders on financing India’s largest hybrid renewable project (solar and wind) developed by Adani Green at Khavda, Gujarat. The deal involved a complex co-borrower structure, letter of credit sub-limits, and opining on interlinked contracts and equipment supply chains. Significance: Part of the world’s largest planned renewable energy park.
- Represented Axis Bank, MUFG Bank, Standard Chartered Bank and IndusInd Bank on structured financing of a 400 MW solar project in Rajasthan involving back-to-back PPAs and cross-border ODIs from AIFs and foreign investors. Significance: Unique energy offtake model and multi-layered regulatory framework.
- Advised REC on refinancing of a 380 MW solar project developed by O2 Power in Jaisalmer, including cross-border coordination with Singapore-based promoter entities. Significance: Showcase of green energy asset consolidation and international stakeholder alignment.
- Acted for State Bank of India (SBI) in financing a 120 MW solar power project by BluPine Energy in Gujarat, backed by Actis. Significance: Timely disbursement achieved despite involvement of multiple jurisdictions and counsel.
