Mumbai/Delhi:
Cyril Amarchand Mangaldas suggested State Bank of India, London Branch, Axis Bank Limited, IFSC Banking Unit (IBU) GIFT City Branch and HSBC, USA N.A., for debt aggregating as much as USD 225 million, availed by Piramal Critical Care Inc for the functions of reimbursement of present debt availed by the Piramal Critical Care Inc, being supported by a assure from its Indian mother or father, Piramal Pharma Limited.
The Project & Project Finance Practices of Cyril Amarchand Mangaldas suggested for State Bank of India, London Branch, Axis Bank Limited, IFSC Banking Unit (IBU) GIFT City Branch and HSBC, USA N.A. for the transaction. The transaction crew was led by Subhojit Sadhu, Partner; with assist from Nishtha Gupta, Principal Associate; and Antariksh Karnik, Associate.
Other Parties and Advisors to the transaction included State Bank of India – London Branch (acted as lender), Axis Bank Limited, IFSC Banking Unit (IBU) Gift City Branch (acted as lender), HSBC BANK USA N.A (acted as lender), Piramal Critical Care Inc (acted as borrower), Piramal Pharma Limited (acted as guarantor), Piramal Healthcare INC (acted as mother or father entities), Allen & Overy LLP, Singapore (acted as worldwide legislation agency for lenders).
The transaction was signed on September 21, 2022; and closed on September 25, 2022.
Cyril Amarchand Mangaldas (cam) is India’s main legislation agency with a worldwide fame of being trusted advisers to its purchasers. The Firm advises a big and various set of purchasers, together with home and international business enterprises, monetary establishments, non-public fairness and enterprise capital funds, start-ups, authorities and regulatory our bodies. The Firm generalists, specialists and senior ex-regulators expertly information purchasers throughout a spectrum of transactions, sectors and rules. With 1000 legal professionals and 160 Partners, the Firm is the largest full-service legislation agency in India and places of work in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and additionally in Singapore.
The Firm not too long ago obtained “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards and the “National Law Firm of the Year: India” award at the IFLR Asia Pacific 2022 awards ceremony. The Firm had gained “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2021.
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Madhumita Paul (Dy. Chief Marketing Officer – Marketing & Communications), Cyril Amarchand Mangaldas, [email protected], +91-9833818006
Rahul Gossain (Head – Marketing Communications, and Delhi Region BD), Cyril Amarchand Mangaldas, [email protected], +91-9873154228
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