Cyril Amarchand Mangaldas Acted As lenders’ Legal Counsel For USD 400 Million Cross-Border Financing To Piramal Finance Limited

Cyril Amarchand Mangaldas Acted as Lenders’ Legal Counsel for USD 400 Million Cross-Border Financing to Piramal Finance Limited

The leading Indian law firm, Cyril Amarchand Mangaldas, acted as lenders’ legal counsel to a distinguished consortium of leading international and domestic financial institutions, comprising:

• (a) Axis Bank Limited, DIFC Branch
• (b) Sumitomo Mitsui Banking Corporation, Gift City Branch
• (c) Deutsche Bank AG, Singapore Branch
• (d) Deutsche Bank AG IFSC Banking Unit (IBU)
• (e) Far Eastern International Bank Ltd.
• (f) DBS Bank Ltd., acting through its IFSC Banking Unit

(Collectively, the “Lenders”), in connection with a landmark external commercial borrowing facility of up to USD 400,000,000 (United States Dollars Four Hundred Million only)—one of the most significant cross-border financing transactions in the Indian NBFC space—extended to Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited) (“Borrower”) for on-lending purposes.

The Cyril Amarchand Mangaldas deal team was led by Subhojit Sadhu (Partner, Finance & Infrastructure; Director, CAM - Middle East), with assistance from Shubham Sharma (Associate).

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