CAM, Allen & Overy advise on the debt availed by Piramal Critical Care from SBI, Axis Bank and HSBC

An approximate amount of ₹1,818 crores ($225 million) was availed by Piramal Critical Care.

Piramal Critical Care Inc. availed a debt aggregating up to approximately ₹1,818 crores ($225 million) from State Bank of India, London Branch, Axis Bank Limited, IFSC Banking Unit (IBU) GIFT City Branch and HSBC, USA N.A. for the purposes of repayment of existing debt.

The Project & Project Finance Practices of Cyril Amarchand Mangaldas advised State Bank of India, London Branch, Axis Bank Limited, IFSC Banking Unit (IBU) GIFT City Branch and HSBC, USA N.A. (collectively the "lenders") for the transaction.

The transaction team consisted of Subhojit Sadhu (Partner), Nishtha Gupta (Principal Associate) and Antariksh Karnik (Associate).

Allen & Overy LLP, Singapore acted as international law firm for lenders.

In this transaction, for Piramal Critical Care Inc., Piramal Pharma Limited acted as the guarantor while Piramal Healthcare INC acted as parent entities.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.

Bar and Bench - Indian Legal news