L&L advised Aditya Birla Finance on providing financial assistance of ₹115 crore to Ashford Properties

The purpose of the transaction was for financing the development and setting of 206 keys 'ibis' hotel at CST Road, Kalina, Mumbai.

Bar & Bench

Published:6th Apr, 2022 at 9:46 AM

Aditya Birla Finance Limited has lent financial assistance of ₹115 crore to Ashford Properties Private Limited, subsidiary of Interglobe Hotels Private Limited.

Luthra & Luthra Partners Law Offices advised Aditya Birla Finance Limited on the transaction.

The team was led by Partner Karan Mitroo along with Associates Subhrajeet Mahapatra and Pragya Verma.

The newly infused funds will be used for the purpose of financing development and setting of 206 keys 'ibis' hotel at CST Road, Kalina, Mumbai.

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L&L advised Aditya Birla Finance on providing financial assistance of ₹115 crore to Ashford Properties

The purpose of the transaction was for financing the development and setting of 206 keys 'ibis' hotel at CST Road, Kalina, Mumbai.

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