Cyril Amarchand Mangaldas advised US International Development Finance Corp on funding IndusInd Bank

The USD 150 million loan was disbursed in December

Law Firm - Cyril Amarchand Mangaldas
By: :  Suraj Sinha
By :  Legal Era
Update: 2023-01-20 04:00 GMT


Cyril Amarchand Mangaldas advised US International Development Finance Corp on funding IndusInd Bank

The USD 150 million loan was disbursed in December

Cyril Amarchand Mangaldas has advised the United States International Development Finance Corporation (DFC) to provide approximately USD 150 million in loans to IndusInd Bank India Limited.

DFC and IndusInd Bank (acting through its branch in GIFT city), executed the agreement. The funding has been done for microfinance lending to women borrowers in rural communities in the states of Jharkhand, Uttar Pradesh and Bihar.

The project and project finance practice of Cyril Amarchand Mangaldas acted as the legal counsel for DFC. The transaction team was led by Ramanuj Kumar (partner) and Aditi Misra (partner). They were supported by Shrey Srivastava (senior associate).

Other advisors on the transaction included Morrison Foerster, who acted for DFC.

Click to know more about Cyril Amarchand Mangaldas

Tags:    

By: - Suraj Sinha

By - Legal Era

Similar News