Shardul Amarchand Mangaldas Advised HDFC Bank Limited On ₹455 Crore Financing Of Deoghar Ring Road Project

Shardul Amarchand Mangaldas advised HDFC Bank Limited on ₹455 crore financing of Deoghar Ring Road Project

The leading law firm in India, Shardul Amarchand Mangaldas & Co. acted as legal counsel to HDFC Bank Limited, along with Punjab National Bank, in connection with the ₹455 crore term loan financing for the Deoghar Ring Road Project, implemented by Deoghar Ring Road Project Private Limited under a concession-based road development framework.

The financing involved a senior secured rupee term loan facility led by HDFC Bank Limited to part-finance the estimated project cost of ₹999.52 crore for the development of the Deoghar Bypass / Ring Road project, promoted by Power Mech Projects Limited.

The SAM transaction team was led by Anurag Dwivedi (Partner), with support from Prince Singh (Principal Associate); Shashwat Bhaskar (Senior Associate); Amogh Mittal (Associate); and Palak Jhalani (Associate).

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