JSA Advocates & Solicitors advised Axis Bank Limited and ICICI Bank Limited in relation to the refinancing of a portion of the existing debt availed for the upgradation, operation and maintenance of the Hyderabad–Bangalore section of NH7 (from Km 534.72 to Km 556.84) in the State of Karnataka. The project is being implemented on a design, build, finance, operate and transfer (DBFOT) basis by Devanahalli Tollway Private Limited, a part of the Cube Highways group.
The JSA team was led by Karan Mitroo, Partner, with support from the Project Finance team comprising Kartikeya Dubey, Partner; Pragya Verma, Senior Associate; and Harsh Dugar, Associate.
Karan brings nearly 17 years of extensive experience in foreign and domestic debt financing in India. He advises leading clients across sectors such as renewables, infrastructure, real estate, healthcare, and hospitality.