SNG & Partners acted as legal counsel to Punjab National Bank (PNB) in a major Lease Rental Discounting (LRD) financing transaction valued at INR 900 crores, benefiting multiple entities of the K Raheja Group. The financing was structured to facilitate the repayment of loans and the redemption of debt instruments by the Group's entities.
The firm provided extensive legal support to PNB, managing the drafting, reviewing, and negotiation of key transaction documents. The transaction was executed in a time-sensitive manner, ensuring the prompt repayment and redemption of financial obligations.
K Raheja Group, is one of India's leading commercial developers, specializes in commercial and residential projects, shopping malls, and the hospitality sector. This financing will significantly bolster the Group’s growth and expansion plans.
The SNG & Partners core team included Aditya Vikram Dua (Partner), Aniket Sawant (Principal Associate), and Parvathi Menon (Associate).
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