Khaitan & Co advised Punjab & Sind Bank on the grant of a secured rupee term loan facility for a sum not exceeding INR 750 crore to JSW Steel Limited, proposed to be utilized for meeting ongoing capital expenditure of the Borrower towards normal/sustenance capital expenditure.
The Facility is proposed to be secured, inter alia, by creation of a first ranking pari-passu charge over the Borrower’s movable fixed assets located in the state of Gujarat and Karnataka, both present and future.
The core team consisted of Manisha Shroff (Partner), Arijit Sarkar (Counsel), Arjita Agarwal (Senior Associate), and Gyana Pathak (Associate).
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