SNG & Partners advised State Bank of India (SBI) on sanctioning LRD Term Loan Facilities aggregating to ₹443.25 crores to Rupa Renaissance Limited and Rupa Infotech & Infrastructure Private Limited.
The firm acted as the legal counsel to SBI on this financing deal. The Firm played a pivot role in providing comprehensive legal advice on the transaction including but not limited to the drafting, reviewing, negotiation and finalization of transaction documents.
The transaction team consisted of Anju Gandhi (Partner), Rashmi Raveendran (Associate Partner), Mukti Jagirdar (Associate) and Arnab Das (Associate).
The Rupa Group will use the funds for refinancing of existing facility, construction of company’s ongoing projects and acquisitions of operational warehouse projects in Navi Mumbai and other parts of Mumbai.
Rupa Group, established in 1994, is a real estate development company based in India. It specializes in constructing residential complexes, commercial spaces, IT parks, and hospitality projects. The company has completed notable projects like The Platinum TechnoPark and The Solitaire Park, focusing on functionality and contemporary design.
The company is led by Managing Director Mr. Bimal Desai, a Mumbai University graduate with expertise in finance and construction. Rupa Group incorporates sustainable practices in its developments and focuses on creating spaces that meet diverse urban and commercial needs. Its headquarters is located in Navi Mumbai, Maharashtra.
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