Larsen & Toubro Limited’s Working Capital Facilities

Juris Corp advised 15 participating banks on the deal.

Larsen & Toubro Limited secured working capital facilities by way of hypothecation on all the current assets of the Borrower; the deal is valued at INR 30,455 crores.

The bank consorcium was led by State Bank of India and included amongst others, Bank of Baroda, Punjab National Bank, Bank of India, Standard Chartered Bank, Citibank N.A., BNP Paribas, Axis Bank Limited and HDFC Bank Limited.

The Juris Corp team was led by Partner Mr. Pratish Kumar (Picture), Associate Mr. Ankit Sinha Principal, Associate Ms. Sonali Singh and Associate Mr. Karan Abichandani.

Involved fees earner: Karan Abichandani – Juris Corp ; Pratish Kumar – Juris Corp ; Sonali Singh – Juris Corp ; Ankit Sinha – Juris Corp ;

Law Firms: Juris Corp ;

Clients: Axis Bank; Bank of Baroda; Bank of India ; BNP Paribas; Citibank; HDFC Bank Ltd; Punjab National Bank; Standard Chartered Bank ; State Bank of India;

Author: Sonia Carcano