Cyril Amarchand Mangaldas (CAM) and TLH, Advocates & Solicitors advised on extension of ₹7,500 Crore NaBFID rupee facility to APCRDA for Amaravati Infrastructure Development.
National Bank for Financing Infrastructure and Development (NaBFID) has extended a ₹7,500 crore rupee facility to Andhra Pradesh Capital Region Development Authority (APCRDA) to support large-scale infrastructure development in Zones 4, 9 and 12 of the Amaravati Capital City region.
The long-term financing is intended to accelerate critical infrastructure projects including roads, utilities and public amenities, and is expected to significantly advance the development of Amaravati as the capital city of Andhra Pradesh. The transaction reflects strong institutional backing for the city’s infrastructure expansion and urban growth plans.
Cyril Amarchand Mangaldas acted as legal counsel to NaBFID on the transaction.
The CAM transaction team comprised Amey Pathak, Arkoday Roy, Abha Mehta and Pranay Bhattacharya.
TLH, Advocates & Solicitors acted as legal counsel to APCRDA in connection with the facility.
The TLH team was led by Partners K. Shiva Charan Reddy and Basava Rao, with support from Associates Wriddhiman Dey and Saurav Singh.
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