Luthra advises Canara Bank on financing of Jindal Paradip Port

Luthra advises Canara Bank on financing of Jindal Paradip Port

Canara Bank Lenders led by Canara Bank, provided two separate facilities comprising a rupee term loan facility for an amount of ₹2,376 Crore and performance bank guarantee facility amounting to ₹478.43 Crore to Jindal Paradip Port Limited to finance the construction and development of the Western Dock at the Paradip Port, Odisha.Luthra and Luthra Law Offices India acted for lenders led by Canara Bank in this financing deal.The transaction team consisted of Karan Mitroo (Partner), Kartikeya Dubey (Partner), Ankita Parasar (Managing Associate), Aditya Bhayal (Associate) and Shantanu Awasthi (Associate).Karan Mitroo, Kartikeya DubeyJindal Paradip Port Limited is a joint venture…
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Source: https://www.barandbench.com/amp/story/law-firms/dealstreet/luthra-advises-canara-bank-on-financing-of-jindal-paradip-port