SNG & Partners advised State Bank of India in relation to lease rental term loan fund-based facility amounting to Rs. 775.44 CRORES and credit exposure non-fund-based facility amounting to Rs. 17.51 crores sanctioned to Velankani Information Systems Private Limited in relation to their real estate project at Electronic City, Bengaluru. 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)
Picture Source :
