SNG & Partners has advised the State Bank of India regarding a term loan facility of ₹200,00,00,000 and a non-fund-based facility of ₹5,00,00,000, sanctioned to Myrayash Hotels Private Limited for the construction and development of a 5-star hotel at Anjuna Beach, Goa. This project was awarded by the Goa Tourism Development Corporation Limited through a concession agreement.

SNG & Partners played a pivotal role in facilitating this transaction which inter-alia included conducting due diligence on the concession agreement and related documents, drafting, negotiating and finalizing facility and security documents, and providing legal advisory and documentation support.

The transaction team comprised Mr. Sharad Joshi (Partner) and Ms. Namrata Mehta (Senior Associate).