Cyril Amarchand Mangaldas acted as lender’s legal counsel to IFC in respect of the USD-denominated financing provided to City Union Bank Limited (CUB), to finance eligible climate sub-projects by way of providing sub-loans to certain eligible sub-borrowers. The financing is aimed at supporting MSMEs in transitioning to energy-efficient and cost-effective solutions.
The transaction team was involved in structuring, documentation, negotiations and providing advice on all relevant Indian legal matters in relation to the transaction. The transaction structure was unique as the financing was provided outside of the ECB framework.
The deal team was led by Pranav Sharma and Gayatri Shanker, Partners; with assistance from Madiha Akhtar, Associate.
