Banking deal closure – L&T Finance Limited Sannur Highway

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The Firm has recently acted for and advised L&T Finance Limited, in connection with the financial assistance aggregating up to INR 338,79,00,000/- to Sannur Bikarnakette Highways Private Limited (“Borrower”), a subsidiary of Dilip Buildcon Limited, for part financing the setting up of the Four-laning of Sannur to Bikarnakette section from existing Km 698.850 to existing Km 744.190 (Design 45.01 Km) of NH-169 under Bharatmala Pariyojana on Hybrid Annuity Model (Package-III) (“Project”).

The transaction team consisted of Mr. Karan Mitroo (Partner), Mr. Samarth Sharma (Associate), Ms. Surbhi Jain (Associate), Ms. Arbina Dey (Associate) and Mr. Aditya Bhayal (Associate).

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