L and L Partners advised ICICI Bank Limited on a re-financing transaction in relation to Rajiv Chowk and Gurugram National Highway – 248A

The Firm advised and acted for ICICI Bank Limited (“ICICI”) in connection with financial assistance sanctioned to Rajiv Chowk-Sohna Highway Private Limited for the purpose of re-financing part of existing secured indebtedness of the borrower company availed in relation to six-laning and strengthening of NH-248A from existing km 2.740 (Rajiv Chowk) to km 11.682 in Gurugram under NHDP Phase-IV, in the State of Haryana (Length – ~8.942 km), on design, build, operate and transfer – hybrid annuity model ofthe National Highways Authority of India (“Project”).

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The Firm assisted on structuring of the transaction, negotiating, finalization and execution of the financing documents.

The transaction team consisted of Girish Rawat (Partner), Varun Chauhan (Senior Associate) and Himanshi Bhadoria (Associate).