Khaitan & Co advised JSW Sambalpur Steel Limited on INR 12,000 crore term loan facility from State Bank of India
The leading law firm in India, Khaitan & Co advised JSW Sambalpur Steel Limited in relation to a rupee term loan facility aggregating to INR 12,000 crores availed from State Bank of India.
The transaction was undertaken for the purpose of part financing the acquisition of the steel business undertaking of Bhushan Power & Steel Limited by way of a slump sale on a going concern basis.
The Khaitan & Co team was led by Manisha Shroff (Partner) and Arijit Sarkar (Partner), with support from Siddhant Shetty (Senior Associate), Nilanjan Kumar (Associate) and Shivansh Jain (Associate).
Ravishankar Jayaraman, Kunal Raval, Keshav Anand, Nitesh Sanghi and Khushnaaz Anklesaria represented JSW Sambalpur Steel Limited on the transaction. Reema Mudgal, Mahesh Wanegaonkar, Jaymon George and Diwakar represented State Bank of India.
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