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AZB, SAM bag record $347m Piramal-Lodha debt finance deal

Piramal Fund Management Pvt. Ltd will invest Rs 2,320 crore in Lodha Developers Pvt. Ltd’s signature World Towers project in central Mumbai, in 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.

reported Mint.

Shardul Amarchand Mangaldas acted for Piramal, with Mumbai partners Sapan Gupta and Radhika Pereira advising.

AZB & Partners acted for the Lodhas, led by partner Sai Krishna Bharathan and associates Sugandha Asthana and Nitin Gupta.

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