Shardul Amarchand Mangaldas advises IndusInd Bank in granting assistance to refinance loans to Duet India Hotels

IndusInd Bank Limited granted assistance in refinancing existing loans availed from L&T Finance Limited to Duet India Hotels. The deal was valued approximately at ₹312.5 crores ($38 million).

The chain of hotels include Duet India Hotels (Pune) Private Limited, Duet India Hotels (Jaipur) Private Limited, Duet India Hotels (Ahmedabad) Private Limited, Duet India Hotels (Hyderabad) Private Limited, Duet India Hotels (Chennai) Private Limited and Duet India Hotels (Chennai OMR) Private Limited ("Duet India Hotels”).

Shardul Amarchand Mangaldas advised IndusInd Bank in this deal.

The Transaction team comprised Debashree Dutta (Partner), Arijit Sarkar (Principal Associate), Nainesh Singh (Senior Associate), Aparna Arya (Associate) and Jeetu Tolani (Associate).

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