Cyril Amarchand Mangaldas advised Andhra Pradesh Urban Infrastructure Asset Management Limited (APUIAML), on financing facility aggregating to INR 2079 crore availed by Ramayapatnam Port Development Corporation (RPDC) from a consortium of lenders led by State Bank of India.
The Project and Project Finance Practice of Cyril Amarchand Mangaldas acted as the legal counsel for APUIAML. The Transaction team was led by Yash Jain, Partner; with support from Madhur Verma, Principal Associate; and Janani Chandrasekaran, Associate.
As a part of the Transaction, the transaction team is advising RPDC and Andhra Pradesh Maritime Board in relation to the financing facility being provided by the State Bank of India, for construction and development of a greenfield port with total berth capacity of 34 MTPA at Ramayapatnam in Prakasam district of Andhra Pradesh.
The Transaction was signed on 06th September 2022 and the closing of the transaction will happen within this financial year.
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With 1000 lawyers and 160 Partners, the Firm is the largest full-service law firm in India and offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore.
The Firm recently received “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards and the “National Law Firm of the Year: India” award at the IFLR Asia Pacific 2022 awards ceremony. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2021.
