Luthra and Luthra Law Offices India advised State Bank of India on a re-financing transaction aggregating up to INR 5988.30 million.
The Firm advised and acted for State Bank of India in connection with financial assistance sanctioned to Binjhabahal to Telebani section, k.m. 414.000 to k.m. 491.710 (design chain age k.m. 414.982 to k.m. 493.300) of NH-6 (new NH-49) Highway Private Limited(an Oriental group company) aggregating up to INR5988.30 Million for the purpose of re-financing of existing secured indebtedness of the borrower company availed in relation to rehabilitation and up-gradation of four laning of Binjhabahal to Telebani section, k.m. 414.000 to k.m. 491.710 (design chain age k.m. 414.982 to k.m. 493.300) of NH-6 (new NH-49) under NHDP Phase-IV, in the State of Odisha, on design, build, operate and transfer -hybrid annuity model of the National Highways Authority of India.(“Project”).
The Firm assisted in structuring of the transaction, negotiating, finalization and execution of the financing documents.
The transaction team consisted of Girish Rawat (Partner), Varun Chauhan (Senior Associate) and Himanshi Bhadoria (Associate).