Luthra advises OLA on availing financial assistance from SBI

OLA Cell Technologies Private Limited has availed financial assistance from State Bank Of India aggregating up to ₹1,910 crore.

The financial assistance was availed in connection with 5 GWh (gross 5.9 GWh) green-field Gigafactory Project for manufacturing Advanced Chemistry Cell (ACC) battery for electrical vehicles, situated at Krishnagiri, Tamil Nadu, India.

Luthra and Luthra Law Offices Banking and Finance team advised OLA in this transaction.

The transaction team consisted of Girish Rawat (Partner), Varun Chauhan (Managing Associate) and Pranav Dwivedi (Associate).

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