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The proceeds of the Issue were primarily utilised to part-finance the acquisition of a 28.99% stake in HL Mando Anand India Private Limited. Citibank, N.A. and Hongkong and Shanghai Banking Corporation (HSBC) acted as arrangers to the Issue.
The facility is being availed for the construction, operation and maintenance of five data centre projects at Ellikatta District, Telangana, Hyderabad.
IFC’s debt proceeds will be utilized by SIDBI for directly lending to MSMEs and for MSME refinance facilities to financial institutions.
CAM also advised on and drafted a power purchase agreement to be entered into between the Borrower and Evonith Value Steel Limited and Evonith Metallics Limited (as the Sponsors).
CAM acts as lenders’ legal counsel to International Finance Corporation and India Infrastructure Finance Company Ltd.
Cyril Amarchand Mangaldas acted as lenders’ legal counsel to International Finance Corporation (IFC) and India Infrastructure Finance Company Ltd. (IIFCL), advising on a significant financing transaction.
Cyril Amarchand Mangaldas (CAM) advised Union Bank of India in connection with a ₹2,443 crore loan facility extended to Ananthapuram II Power Transmission Ltd. for the development of the Renewable Energy Zone (REZ) Phase II transmission project.
The Union Cabinet approved the establishment of a ‘Special Window’ fund to provide priority debt financing for the completion of stalled housing
