State Bank of India has granted a term loan facility to part finance a project awarded to an operator entity through a supply-cum-operation and maintenance agreement (“SCOM Agreement”) for procurement of electric buses and the construction, operation and maintenance of depots. This project was awarded by the Navi Mumbai Municipal Transport.

SNG & Partners advised State Bank of India on this transaction. The Firm played a pivotal role in facilitating this transaction which inter-alia included drafting, negotiating and finalizing facility and security documents, and providing legal advisory and documentation support. The firm also advised and opined on the SCOM Agreement from a creditor’s perspective.

The transaction team consisted of Sharad Joshi (Partner), Namrata Mehta (Senior Associate), Prarthana Markod (Associate) and Bhavika Dharod (Associate).

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.