Asian Development Bank has provided loan facilities, by way of external commercial borrowings, of up to $150 million to Piramal Finance Limited.
TT&A served Asian Development Bank as the Indian counsel for this transaction.
The transaction team consisted of Ambarish Mohanty (Partner), Ankita Mandal (Managing Associate) and Ashley George (Associate).
Watson Farley & Williams acted as the English Law counsel for Asian Development Bank.
Piramal Finance shall use the funds to finance long-tenor micro, small, and medium-sized enterprises (MSMEs) loans in India under its existing social finance framework, with at least 30% applied towards eligible women borrowers.
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