Home >Deals & Matter Corner>Deal>JSA advises New Development Bank on ECB Financing to Shriram Finance for Sustainable Commercial Vehicles

JSA advises New Development Bank on ECB Financing to Shriram Finance for Sustainable Commercial Vehicles

Deal
August 7, 2025

A toy truck is parked next to tall stacks of shiny coins on a reflective surface, symbolizing commercial vehicle financing, with vibrant bokeh lights in the background.

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.

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Tags Clean Transportation, Commercial Vehicles, ECB, External Commercial Borrowing, Finance Deal, Green Financing, India Business, Indian law, JSA, Law Firm News, Legal Advisory, Sustainable Finance, Sustainable Vehicles

Abhishek Ray Partner

Abhishek is a partner at JSA and specializes in Banking & Finance, Fintech and Private Equity.

Soumitra Majumdar Partner

Soumitra specializes in Banking & Finance. He works closely with Indian and multinational banks, development financial institutions, commodity finance houses, non banking finance companies as well as corporates, for structuring, due diligence, documentation and negotiations.