Piramal Finance Limited has sanctioned a follow-on financing of up to ₹125 crore to AIPL Bharat Infrastructure Private Limited and its group entities, forming part of an ongoing lending relationship with the AIPL Group.

KNM & Partners advised Piramal Finance on this financing deal. The Firm's role included advising on structuring and alignment of the financing with the existing facility framework, including inter-creditor positioning, and security sharing arrangements.

The transaction team was led by Abhinandan Sen (Associate Partner) and Tanuj Hazari (Associate Partner), with support from Sidhant Ajmera (Associate Partner) and Smridhi Pathak (Associate).

The diligence team was led by Rohit Yadav (Partner), supported by Jayant Kocher (Associate).

The transaction was undertaken to support ongoing development activities of the AIPL Group, including reimbursement of land acquisition and approval-related costs, as well as project execution requirements.

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