SNG & Partners Advised State Bank Of India On Term Loan And Non-Fund-Based Facility For Myrayash Hotels
SNG & Partners Advised State Bank Of India On Term Loan And Non-Fund-Based Facility For Myrayash Hotels
SNG & Partners has advised State Bank of India on a term loan facility amounting to ₹200 crores and a non-fund-based facility of ₹5 crores. These facilities were sanctioned to Myrayash Hotels Private Limited for the construction and development of a 5-star hotel at Anjuna Beach, Goa.
This project was awarded by the Goa Tourism Development Corporation Limited through a concession agreement.
SNG & Partners played a key role in facilitating this transaction, which involved conducting due diligence on the concession agreement and related documents, as well as drafting, negotiating, and finalizing facility and security documents. The firm also provided comprehensive legal advisory and documentation support throughout the process.
The transaction team at SNG & Partners advising on the transaction comprised Sharad Joshi (Partner) and Namrata Mehta (Senior Associate).
