Khaitan & Co advised Bank of Baroda in relation to a term loan facility of INR 275 crores along with an overdraft facility of up to INR 25 crores availed by Citron Ecopower for the purpose of part-financing the acquisition of existing operational windmill assets (with a capacity of approximately 75MW) from various sellers by way of a slump sale.

Kumar Saurabh Singh (partner), Rajeev Vidhani (principal associate), Ahana Sinha (senior associate) and Dhwani Shah (associate) represented the client on the transaction.

Bank of Baroda provides various banking products and services to individuals and corporate customers.