Cyril Amarchand Mangaldas Acted As Legal Advisor To Axis Bank On Financing Availed By Welspun Sattanathapuram Nagapattinam Road

Cyril Amarchand Mangaldas Acted as Legal Advisor to Axis Bank on Financing Availed by Welspun Sattanathapuram Nagapattinam Road

Cyril Amarchand Mangaldas (“CAM”) acted as legal advisors for Axis Bank Limited with respect to the financing availed by Welspun Sattanathapuram Nagapattinam Road Private Limited for an aggregate principal amount of Rs. 1236.56 Crores.

The funds will be utilised, inter alia, towards the construction, operation, and maintenance of the four-laning of the Sattanathapuram to Nagapattinam section (Design Ch Km 123+800 to Km 179+555) of NH-45A (New NH-332) in the State of Tamil Nadu. This project falls under

NHDP Phase-IV and will be executed on a Hybrid Annuity Mode on a design, build, operate, and transfer (DBOT) basis.

The transaction team at CAM was led by Amey Pathak, Partner & Head – Banking; and Pururaj Bhar, Partner; with support from Abhinav Rawat, Principal Associate; Ayush Chowdhury, Senior Associate; Anushka Sahay, Associate; Sonali Suresh, Associate; and Tanvi Jain, Associate.

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