29 March 2023 | New Delhi: Shardul Amarchand Mangaldas advised IndusInd Bank Limited (“IndusInd”) in granting financial assistance to Duet India Hotels (Pune) Private Limited, Duet India Hotels (Jaipur) Private Limited, Duet India Hotels (Ahmedabad) Private Limited, Duet India Hotels (Hyderabad) Private Limited, Duet India Hotels (Chennai) Private Limited and Duet India Hotels (Chennai OMR) Private Limited (“Duet India Hotels”). The assistance was availed for the purpose of refinancing the existing loans availed from L&T Finance Limited. The deal was valued approximately at USD 38 million and the expected date of closing was 28 February, 2023.
The Transaction team comprised Debashree Dutta, Partner; Arijit Sarkar, Principal Associate; Nainesh Singh, Senior Associate; Aparna Arya, Associate; and Jeetu Tolani, Associate.
About Shardul Amarchand Mangaldas & Co.:
Shardul Amarchand Mangaldas & Co., founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, capital markets, banking & finance, and projects & infrastructure.
The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 750 lawyers including 161 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.