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Argus, Dhaval Vussonji assist KKR India Asset Finance on $19m loan to Omkar

KKR India Financial Services, Indian non-banking financial company of US private equity firm KKR & Co, has extended debt of Rs 125 crore (USD 19 million) through a three-year credit facility to Accord Builders, a part of the Mumbai-based Omkar Realtors group, as reported by The Economic Times & Mint. The funds are to be utilised for construction and development of two residential projects in Mumbai.

Argus Partners advised KKR India Asset Finance with a core transaction team led by partner Aastha Roy, senior associate Debopam Dutta and associates Abhay Jain, Amishi Magdani and Priyadarshini Mishra.

Dhaval Vussonji & Associates founding partner Dhaval Vussonji along with associate Roopali Gosar acted as the title counsel on this deal.

KKR India Asset Finance, a non-banking financial company, was set up four years ago to focus on lending to residential projects in top cities in India. As of 31st March, KKR had invested some $3.2 billion in Indian companies through its private equity business and has provided more than $3.5 billion of financing to companies through its corporate and real estate focused NBFCs.

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