Partner | Banking and Finance
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education
- LL.M., University of Cambridge, UK (2002)
- B.S.L. LL.B., Symbiosis Society’s Law College, University of Pune (2001)
Devidas Banerji is a Partner in the Banking & Finance Practice Group in the Kolkata office.
Prior to joining Khaitan & Co, Devidas had an extensive stint at a leading magic circle firm across their London and Singapore offices. While in London, he was a part of the asset finance group, where he represented sponsors, banks, aircraft manufacturers and corporates in a myriad of cross border and structured financing transactions. During his tenure in London, he completed a secondment with a leading investment bank in London, where he was a part of the specialised finance team with a particular focus on Indian transactions.
Devidas joined the Firm in 2010 as Partner and ever since has been advising clients on a variety of complex banking and financing transactions, including advising on external commercial borrowings, acquisition financings, various cross border deals, asset financings, domestic restructurings, distressed and insolvency matters under the new Insolvency and Bankruptcy Code 2016.
Expertise
Professional Affiliations
- Bar Council of West Bengal, India
- Law Society of England & Wales, U.K.
- Incorporated Law Society of Calcutta
- CII (Eastern Region) – Committee Member
- Co-Chairman of Corporate and Legal Committee and Executive Committee Member – Indian Chamber of Commerce
Recognition and Accomplishments
- Devidas has been featured in ALB India’s Super 50 Lawyers for 2020
- Devidas has been ranked among the 40 brightest young legal minds in Asia in “Asian Legal Business – 40 under 40”
- Devidas has been recommended by Chambers Asia Pacific, Legal 500 and IFLR 1000 for his expertise in Banking and Finance
- Who’s Who Legal Project Finance 2015 has also reported him as a leading individual in the Banking & Finance sector in India
Representative Matters
Devidas Banerji has represented and advised the following clients
Barclays Capital
Advised on a one-year bridge loan of USD 950 million provided to Tata Power, India’s largest private power utility to finance the acquisition of 30% equity stakes in two major Indonesian coal producers, PT Kaltim Prima Coal and PT Arutmin Indonesia, as well as related trading companies, from PT Bumi Resources, Asia’s third largest coal miner. The deal marked Tata Power’s largest investment in Indonesia, as well as the largest acquisition In Indonesia in 2007.
Haldia Energy Limited (HEL)
Advised on a refinancing HEL’s 600 MW (2x300MW) thermal power plant at Jhikurkhali village of Baneswar Chak at Haldia, East Medinipur District, West Bengal, by a consortium of banks led by ICICI Bank Limited for INR 28.3 billion approximately.
BNP Paribas
Advised on a JPY 47 billion term facility and a JPY 138 billion term facility for Vodafone Essar Ltd.
Standard Chartered Bank
Advised on a USD 400 million loan facility for Tata Teleservices.
Investec Bank (UK) Limited and The Bank of Nova Scotia Limited
Advised on various financings of aircraft for the Reliance Group in India.
Credit Suisse
Advised on the insolvency aspects and restructuring of Continental Chemicals Corporation Pte. Ltd, as subsidiary of Continental Chemicals Holding Ltd.
Standard Chartered Bank
Advised on a USD 95 million and EURO 20 million term loan facility provided to Kotak Mahindra Bank for general corporate purposes.
Mizuho Bank, Ltd.
Advised on USD 250 million ECB facility granted to Oil India Limited for funding its domestic capital expenditure requirements.
Deutsche Bank AG, Singapore
Advised on the Indian law aspects and enforceability of an export advance payment and supply agreement entered into between Jubilant Life Sciences NV (as the buyer) and Jubilant Life Sciences Limited, which was financed by Deutsche Bank AG, Singapore.
Publications
External Links
External Links
