Khaitan & Co and Cyril Amarchand Mangaldas (CAM) advised on JSW Sambalpur Steel’s INR 12,000 crore term loan financing by SBI.
JSW Sambalpur Steel has secured a rupee term loan facility aggregating to INR 12,000 crores from State Bank of India to partly finance its acquisition of the steel business undertaking of Bhushan Power & Steel. The acquisition is being undertaken by way of a slump sale on a going concern basis.
Khaitan & Co advised JSW Sambalpur Steel. The team included Manisha Shroff, Arijit Sarkar, Siddhant Shetty, Nilanjan Kumar and Shivansh Jain.
Cyril Amarchand Mangaldas acted as legal counsel to State Bank of India.
The team included Partner Arkoday Roy, Principal Associate Abha Mehta, Associates Karn Taneja and Sanyam Agarwaal. Strategic inputs were provided by Senior Partner L. Viswanathan and Partner Amey Pathak.
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