JSA Advocates & Solicitors advised a consortium of banks consisting of Axis Bank Limited, NIIF Infrastructure Finance Limited, National Bank for Financing Infrastructure and Development, Canara Bank, and ICICI Bank Limited in connection with a secured rupee term loan facility for an aggregate principal amount of INR 7,703 crores to be extended to STT Global Data Centres India Private Limited (“Borrower”).
The Borrower is part of ‘ST Telemedia’ Group which is one of the world’s fastest-growing data centre providers. The facility will be utilised by the borrower for the purpose of financing capital expenditure incurred for setting up data centres across India.
The JSA team was led by Partners Soumitra Majumder and Nand Gopal Anand with support from Vrindesh Patel, Senior Associate, and Gavin Pais, Junior Associate.
Nand is a Partner in the Gurugram office of the firm. He specialises in Banking & Finance, with specific focus on general lending, external commercial borrowings, overseas direct investments, project finance, trade finance, shipping finance and real estate finance related transactions.