JSA advised New Development Bank as their Indian law counsel on a secured external commercial borrowing (ECB) facility of USD 125,000,000 availed from NDB by Shriram Finance Limited.
The borrower, Shriram Finance Limited, is a public limited listed company engaged in financing of commercial vehicles and two wheelers. The facility provided will be utilised by Shriram Finance Limited towards on-lending for financing acquisition of sustainable commercial vehicles by its customers.
From JSA, lead partners – Soumitra Majumdar and Tirthankar Datta – alongside Abhishek Ray (Partner), Harvi Shah (Principal Associate), and Pankaj Agarwal (Associate) advised on this transaction.
Abhishek is a Partner specializing in Banking & Finance and Fintech. He combines deep expertise in structured finance, project finance, and financial regulatory matters with a unique, business-focused perspective from his prior role as Head of Legal and Compliance at ePayLater, a fintech company. He also advises on fintech product structuring, regulatory compliance, and PE investments.