Asian Development Bank 
Dealstreet

TT&A, Watson Farley advise Asian Development Bank on sanctioning up to $150 million to Piramal Finance

Piramal Finance shall use the funds to finance long-tenor MSME loans in India.

Bar & Bench

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).

Ambarish Mohanty

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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