SNG & Partners Advised Canara Bank On USD 30 Million External Commercial Borrowing To UGRO Capital

SNG & Partners Advised Canara Bank on USD 30 Million External Commercial Borrowing to UGRO Capital

SNG & Partners acted as the legal counsel to Canara Bank (acting through its Gift City branch) in relation to an external commercial borrowing of an amount up to USD 30 million, extended to UGRO Capital Limited.

The firm provided comprehensive legal advice on the transaction, and drafted, reviewed and negotiated the transaction documents.

The transaction team at SNG & Partners consisted of Partner Sharad Joshi, Senior Associate Rachit Verma and Associate Prarthana Markod.

UGRO Capital Limited is a leading technology-enabled MSME lender. It offers a dedicated programme for secured and unsecured loans aimed at MSMEs and provides an end-to-end solution to its clients.

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