Cyril Amarchand Mangaldas (“CAM”) acted as legal advisors for Axis Bank Limited with respect to the financing availed by Welspun Sattanathapuram Nagapattinam Road Private Limited for an aggregate principal amount of Rs. 1236.56 Crores to be utilised, inter alia, towards the construction, operation and maintenance of the four laning of Sattanathapuram to Nagapattinam (Design Ch Km 123+800 to Km 179+555) section of NH-45A (New NH -332) in the State of Tamil Nadu under NHDP Phase-IV on Hybrid Annuity Mode on design, build, operate and transfer (DBOT) basis.

The transaction team was led by Amey Pathak, Partner & Head – Banking; and Pururaj Bhar, Partner; with the support from Abhinav Rawat, Principal Associate; Ayush Chowdhury, Senior Associate; Anushka Sahay, Associate; Sonali Suresh, Associate; and Tanvi Jain, Associate.