REC Limited is extending a significant credit facility of ₹1,171.17 crore to Kannur International Airport Limited.

Kochhar & Co advised REC Limited on this financing deal. The firm provided comprehensive legal support throughout the transaction, including conducting due diligence, drafting and negotiating transaction documents, and overseeing the successful completion of all pre-closing and post-closing formalities.

The transaction team was lead by Sharmil Bhushan (Partner), with key assistance from Jyoti Punjabi (Senior Associate) and Avantika Rai (Associate).

The credit facility is aimed at refinancing the airport's existing debt.

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