Aditya Birla Finance Limited extends facility aggregating to INR 50 Crores to IRB InvIT Fund for re-financing/financing the debt of its present and future project SPVs

  • Deal
  • March 17, 2023

JSA advised Aditya Birla Finance Limited (“ABFL“) in relation to a term loan facility aggregating to INR 50 Crores, being extended to IRB InvIT Fund (an infrastructure investment trust) (acting through IRB Infrastructure Private Limited, its investment manager and IDBI Trusteeship Services Limited, its trustee) (“Borrower”) for refinancing/financing the debt of its present and future project SPVs.

We carried out a diligence on the Borrower and its SPVs and also advised ABFL in respect of structuring and finalising the transaction in parallel with another loan being availed by the Borrower. We also assisted them with the drafting, negotiations, finalisation, and execution of the loan documents.

Our Transaction Team Comprised Lead Partner – Soumitra Majumdar, Partner – Utkarsh Bandhu, and Associate – Deboshree Mukherjee.