"GMR Goa International Airports Limited (GGIAL), subsdiary of GMR Airports has today, successfully executed a debt facility arrangement for the development of the greenfield project at Mopa in north Goa by signing a common loan agreement with Axis Bank. The bank will provide the company with Rs 1330 crore," reported the Economic Times. 

Juris Corp partner Veena Sivaramakrishnan , senior associate Saurabh Sharma and associate Vedika Lakhotia acted for Standard Chartered in a mixed fund-non-fund $20m loan.

"A week after the Essar group signed a mega $12.9bn deal to sell Essar Oil and Vadinar Port to Rosneft of Russia, three banks — ICICI Bank, Axis Bank and Standard Chartered Bank — have received over $2.5bn (around Rs 16,750 crore) from the Essar group towards repayment of loans to Essar Global,” reported the Indian Express.

"Piramal Fund Management Pvt. Ltd will invest Rs 2,320 crore in Lodha Developers Pvt. Ltd’s signature World Towers project in central Mumbai, it what is probably the single largest debt financing deal in Indian real estate. A part of this money will be used to repay debt and the remaining will be used to complete construction of the project."

PDS Legal and Desai & Diwanji together acted for the Wadia group-owned airline GoAir in its order to buy another 72 Airbus 320 NEO aircrafts for around $7.7bn.

Nishith Desai Associates advised Caspian Impact Investments (CII) on its $20m debt financing from the US government’s development finance institution Overseas Private Investment Corporation (OPIC), which was advised by Trilegal.

NDA Mumbai partner Nishchal Joshipura and associates Sahil Shah and Nikhil Joseph, with Caspian director Shilpa Sudhakar and in house lawyer Mayank Mishra acted for Caspian.

Trilegal Mumbai partner Ameya Khandge and Sidhharth Saxena acted for OPIC The two-year-old CII supports small business lending, microfinance, food & agriculture and affordable housing business in India, according to Business Insider.

Linklaters and Talwar Thakore Associates (TTA) advised the lending and underwriting banks on Tata Steel UK Holdings, which took a term loan and revolving credit facilities of $3.05bn to refinance its bank debt.

Linklaters London partner Narayan Iyer, who had rejoined Linklaters a year ago from TTA, and Singapore partner Philip Badge, and capital markets partner Kevin Wong and TTA partner Rahul Gulati acted for the banks.

JSA and Slaughter & May advised Tata.

The new financing structure consists of a five-year loan of a €370 million, a six-year revolving credit facility for working capital of £700 million and a seven-year loan of €1.8 billion, with more favourable terms and pricing relative to the earlier debt, reported Mint.

Khaitan & Co and Clifford Chance Hong Kong advised HSBC's Hong Kong branch on its $30m term loan facility to the State Bank of India's Shanghai branch for general corporate purposes.

Khaitan banking partner Devidas Banerji (who joined the firm from CC in 2010) and Clifford Chance partner Matthew Truman acted for HSBC.

Fox Mandal advised state-owned power financer Rural Electrification Corporation (REC) in extending Rs 8,775 crore ($1.6bn) to the NTPC and Bihar State Electricity Board (BSEB) joint venture Nabhinagar Super Thermal Power Project.

Fox Mandal Delhi banking and finance partner Rajesh Sehgal with senior associate Rahul Tyagi and associate Bhupendra Verma acted for REC. NTPC and BSEB were advised in-house.

transportation engineeringTrilegal advised ICICI Bank and a consortium of lending banks in the Rs 8,300 crore ($1.5bn) debt restructuring of Mumbai-based engineering and construction major Hindustan Construction Company (HCC) which was advised by Amarchand Mangaldas.

Khaitan & Co advised public sector undertaking Nuclear Power Corporation of India (NPCIL) in its external commercial borrowing (ECB) of Rs 1,343 crore ($250m) from State Bank of India, Singapore which was advised by Baker & McKenzie Wong & Leow and Dua Associates.

Khaitan & Co, J Sagar Associates (JSA) and White & Case have advised exchange and trading technology provider Financial Technologies on its $200m debt funding by Deutsche Bank AG.

image Exclusive: Amarchand Mangaldas and AZB & Partners advised on Tata Power’s $450m (Rs 2,000 crore) hybrid bond, which is the first such issue denominated in US Dollars by an Indian corporate.

Exclusive: Khaitan & Co has closed the corporate debt restructuring (CDR) of roughly Rs 2,500 crore ($550m) of outstanding debts of former Satyam-owned Maytas Infrastructure following the company’s agreement with the lender banks in June this year.

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