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HomeNewsDeal Street
20 Jan 2023 4:00 AM GMT

Cyril Amarchand Mangaldas advised US International Development Finance Corp on funding IndusInd Bank

By: Suraj Sinha | Law Firm Cyril Amarchand Mangaldas
Cyril-Amarchand-Mangaldas


Cyril Amarchand Mangaldas advised US International Development Finance Corp on funding IndusInd Bank

The USD 150 million loan was disbursed in December

Cyril Amarchand Mangaldas has advised the United States International Development Finance Corporation (DFC) to provide approximately USD 150 million in loans to IndusInd Bank India Limited.

DFC and IndusInd Bank (acting through its branch in GIFT city), executed the agreement. The funding has been done for microfinance lending to women borrowers in rural communities in the states of Jharkhand, Uttar Pradesh and Bihar.

The project and project finance practice of Cyril Amarchand Mangaldas acted as the legal counsel for DFC. The transaction team was led by Ramanuj Kumar (partner) and Aditi Misra (partner). They were supported by Shrey Srivastava (senior associate).

Other advisors on the transaction included Morrison Foerster, who acted for DFC.

Click to know more about Cyril Amarchand Mangaldas

Suraj Sinha

Suraj Sinha

Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas

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TAGS:
  • Cyril Amarchand Mangaldas 
  • IndusInd Bank 
  • United States International Development Finance Corporation 
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