16 Apr 2026
Deal: Trilegal advised Värde Partners on completing its exit from its investment exposure to RattanIndia Power.
11 Aug 2025
11 Aug 2025
Trilegal advised Värde Partners on completing its exit from its investment exposure to RattanIndia Power Limited (“RIPL”) through the sale of security receipts to RattanIndia Finance Private Limited. Värde Partners was a part of the consortium of investors in 2019, which had implemented restructuring and one-time settlement of the entire outstanding debt exposure of RIPL through Aditya Birla ARC Limited.
The original transaction for the debt resolution of RattanIndia was the largest one-time-settlement (“OTS”) transaction in India and the first OTS transaction of its kind involving international credit funds such as Goldman Sachs and Värde Partners.
It was also the first successful scheme to have been closed under the RBI’s Prudential Framework for Resolution of Stressed Assets issued in June 2019.
Trilegal has advised Värde Partners on the entire lifecycle of the deal, involving phased exit from its investment exposure as well as the initial investment for funding ABARC though non-convertible debentures which covered – (i) structuring of the original investment; (ii) drafting and negotiations of the transaction documents; (iii) deal execution; and (iv) closing assistance.
The Trilegal Corporate team was led by Partners: Yogesh Singh, Ankush Goyal and Aniruddha Sen; and supported by Senior Associate: Rohan Kohli; and Associate: Shubh Arora.
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With more than 140 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,100 professionals across Mumbai, Delhi, Bengaluru, and Gurugram offices.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024, India Deal Firm of the Year at the Asian Legal Business (ALB) India Law Awards in 2023, and Best Law Firm to Work by Vahura in 2022.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com
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