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

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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