Recommended Cash Offer For Mytrah Wholly Unconditional

Craven Street Capital advised Raksha Energy Holdings Limited (“Raksha”) on its recommended cash offer for Mytrah Energy Limited (“Mytrah”). Raksha is backed by Ravi Kailas, the Chairman of Mytrah, with funding provided by Credit Suisse AG, Singapore Branch.

– Mytrah is a large independer power producer in the Indian renewable energy sector, with a portfolio of 1,743 MW of installed and under construction renewable energy projects across nine Indian states

– Following the offer, Raksha, together with its affiliates, holds 93.3% of the share capital of Mytrah, and the admission of Mytrah Shares to trading on AIM was cancelled

– Raksha obtained a £34.25 million term loan facility from Credit Suisse AG, Singapore Branch to support the offer