SNG & PARTNERS ASSISTS THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED ON EXTERNAL COMMERCIAL BORROWING EXTENDED TO IIFL FINANCE LIMITED

The External Commercial Borrowing has an aggregate value of up to USD 325,000,000.

SNG & Partners has assisted the The Hongkong and Shanghai Banking Corporation Limited in relation to an external commercial borrowing of an amount up to USD 75,000,000 with a green shoe option of an amount up to USD 250,000,000 extended to IIFL Finance Limited.

SNG & Partners acted as the legal counsel to The Hongkong and Shanghai Banking Corporation Limited. The firm provided comprehensive legal advice on the transaction including but not limited to the drafting, reviewing and negotiation of transaction documents.

Amit Aggarwal (Senior Partner) acted as engagement partner for the transaction.

The transaction team consisted of Sharad Joshi (Partner) and Rudraksh Karnik (Associate).