Simant Satapathy

Simant Satapathy is an Associate Partner in the Mumbai office of Phoenix Legal, with over 9 years of experience. His primary practice area is Banking and Finance Law, and his areas of practice include banking and finance, debt capital markets and structured finance.

He has advised a diverse clientele of Indian and foreign banks, financial institutions, investors and companies. He has worked on a wide range of financing matters including cross-border financing, commercial real estate financing, structured finance, securitisation, overseas direct investment facilities, project finance and acquisition financing. He and his team are frequently called on to advise on cutting-edge securitisation transactions, which often are "industry firsts" and become trendsetters thereafter.

His securitisation experience includes advising Godrej Finance Limited and Vivriti Asset Management on a first-of-a-kind securitisation of vehicle loans with a pool size of approximately INR 66 crore through a time-tranching structure with a replenishment mechanism; advising Northern Arc Capital Limited on a complex multi-originator pass-through certificate transaction with a pool size of approximately INR 90 crore; and advising IIFL Samasta Finance Limited on the securitisation of unsecured micro-loan receivables through listed PTCs aggregating approximately INR 54.06 crore. He has also advised Muthoot Capital Services Limited on a securitisation of loan receivables through unlisted PTCs aggregating approximately INR 100 crore and Muthoot Fincorp Limited on a securitisation of mortgage-backed loan receivables through unlisted PTCs aggregating approximately INR 138 crore.

His financing, cross-border and advisory experience includes advising Prachay Capital Limited on its public issuance of listed, rated, secured, redeemable non-convertible debentures aggregating up to INR 100 crore; advising SK Finance Limited on the issuance of non-convertible debentures to FMO, including on the applicable foreign portfolio investment and foreign exchange regulatory framework; and advising RAK Bank, a UAE-based private bank, on the refinancing of loans availed jointly by two subsidiaries of an Indian company.

He has also advised Sunlife Mutual Fund and a Canadian Pension Fund on obtaining FPI registration in compliance with SEBI guidelines, advised Goldman Sachs on a USD 15 million investment in ZestMoney, and advised three Brookfield entities on the consolidation of debt portfolios of around USD 1 Billion. Other matters include advising a consortium of overseas lenders including DBS Bank Ltd. and Barclays on financing of the overseas group companies of TVS Supply Chains Solutions Limited, and advising Proparco on USD-denominated external commercial borrowings aggregating to USD 40 million extended to Northern Arc Capital Limited.

He has also advised Finnfund on a proposed USD 12 million external commercial borrowing to Mufin Green Finance Limited for the expansion of its climate-focused lending portfolio, and the Finnish Fund for Industrial Cooperation Limited on USD-denominated external commercial borrowings aggregating to USD 15 million extended to Satin Creditcare Network Limited.