News and developments
SNG & Partners advised State Bank of India on a lease rental term loan of Rs. 775.44 crores and a non-fund-based facility of Rs. 17.51 crores sanctioned to Velankani Information Systems Private Limited.
SNG & Partners has provided legal advisory and documentation support; negotiating and finalizing the facility and security documents. The transaction end-to-end was concluded under tight timelines. The SNG team had to coordinate well inter-se and also with the lender and the borrower to ensure that comments were sought, discussed and incorporated in the shortest possible time.
The transaction was advised by Mr. Ashok Satyanathan (Partner), Ms. Hetal Sheth (Principal Associate) and Ms. Saloni Shah (Associate)
