vizag multipurpose terminal private limited

Shardul Amarchand Mangaldas & Co advised Axis Bank Limited on granting financial assistance to Vizag Multipurpose Terminal Private Limited (“VMTPL”) by way of a rupee term loan facility for an amount aggregating to INR 305 crore for the purpose of, inter alia, part financing the design, finance, construction, operation, maintenance, marketing and mechanization of EQ-7, a multi-purpose cargo berth at state owned Visakhapatnam Port on a design, build, finance, operate and transfer (DBFOT) basis through Public Private Partnership (PPP) mode. The deal was valued approximately at USD 4 million and the expected date of closing the deal was 31 May 2023.

The transaction team was led by Debashree Dutta, Partner; Associates, Nikita Hora, Aparna Arya, and Sanidhya Parashar.

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, SAM has around 750 lawyers including 161 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.

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