Cyril Amarchand Mangaldas (“CAM“) advised Punjab National Bank in relation to a rupee term loan facility extended to IndianOil-Adani Gas Private Limited of an amount up to INR 3131 Crores comprising a inland letter of credit sub-limit of up to INR 500 Crores for procurement of capital goods and equipment, for the purposes of part-financing IOAGPL’s city gas distribution network projects across various geographical areas.
The transaction team was led by Amey Pathak, Partner (Head – Banking); Yash Jain, Partner; with assistance from Soumya Khurana, Senior Associate; and Ghanshyam Patel, Associate.
