Roochi Loona

Roochi Loona

Associate Partner

1701, One World Centre, Floor 17, Tower 2B, 841, Senapati Bapat Marg, Mumbai – 400013, India

Key Practice Areas

  • Banking and Finance
  • Projects, Energy & Infrastructure

Key Sectors & Industries

  • Water and Waste Management
  • Roads
  • Power – Renewable and Non-Renewable Energy
  • Ports
  • Infrastructure

Education

  • B.Com
  • L.L.B.

Professional Memberships

  • The Bar Council of Maharashtra and Goa

Languages

  • English
  • Hindi
  • Marathi
  • Konkani (Native)
  • Punjabi (Native)
  • French (Familiar)

Experience

Roochi Loona is a part of the Banking Finance and Projects, Energy & Infrastructure practice groups.

Her primary focus is on project finance, structured finance, listed and unlisted debt issuances, cross border financing and ship financing. Her experience includes advising on the entire transaction cycle, including at the term sheet stage, documentation and closure.

Roochi also regularly advises clients on matters pertaining to development and acquisition of renewable energy projects and drafting and negotiating power purchase agreements (including opex and capex models), EPC contracts, O&M contracts, etc.

Roochi is registered with the Bar Council of Maharashtra and Goa.

Recent Key Assignments

  • Advising and assisting CIDCO in relation to project financing facilities of INR 5000 crores availed from the State Bank for construction and development of a residential township in Navi Mumbai under the Pradhan Mantri Awas Yojana (PMAY) Scheme.
  • Advising and assisting CIDCO for availing industrial line of credit for Rs 500 Crores from ICICI Bank in order to meet the financing requirements of the Metro Line 1 project.
  • Advising and assisting National Infrastructure Investment Fund and its proprietary roads platform Athaang Infrastructure Private Limited in relation to acquisition and financing (of approx. INR 1900 crores) of highway assets from Shapoorji Pallonji Group entities. The concession was awarded for strengthening and four-laning of a section of NH 1A in the state of Jammu & Kashmir on design, build, finance, operate and transfer on annuity basis. Roochi was involved in legal due diligence, advisory on financing matters in the course of the acquisition by NIIF and structuring, documentation and closure of the refinancing for the project (post acquisition by NIIF).
  • Advising and assisting NIIF Infrastructure Finance Limited in relation to credit facilities aggregating up to INR 743 Crores, extended to 9 project SPVs of the Clean Max Group, for setting up solar and wind captive power projects across Karnataka.
  • Advising and assisting the Edelweiss Group including Edelweiss Special Opportunities Fund III Investment Fund, in relation to unlisted, secured, redeemable, non-convertible debentures issued by Thriveni Earthmovers Private Limited (on private placement basis) aggregating up to INR 350 Crores.
  • Advised and assisted Visakhapatnam Multi Cargo Bulk Terminal Private Limited in relation to rupee term loan of up to Rs. 600 Crores availed from State Bank of India. The term loan is being utilised towards part financing the construction, operation and maintenance of a bulk cargo terminal at Vizag Port. The estimated total project cost is Rs. 800 Crores and is a public private partnership mode with Vizag Port Authority. Visakhapatnam Multi Cargo Bulk Terminal Private Limited is a joint venture between Bothra Shipping and Services Private Limited (flagship company of Bothra group) and ArcelorMittal Projects India Private Limited (flagship project investment company of ArcelorMittal Group).

Recent Awards and Recognition

  • “Next Generation Partner” and Recommended Lawyer by Legal500 Asia-Pacific 2023.