The world’s eighth largest steel manufacturer, Tata Steel, has successfully raised a debt of $ 2.08 billion (Rs. 9,061 crore) from a consortium of 22 banks led by the State Bank of India, to finance its expansion plans at its Jameshdpur plant..Luthra & Luthra Law Offices advised the consortium of banks that included HDFC, ICICI and Axis Bank. Tata was advised by its in-house counsel. Luthra’s team was led by Mumbai-based Partner Vijaya Rao and Aviation Law Partner, Aniket Sengupta. They were assisted by associates Rohit Raghavan and Karan Mitroo.
The world’s eighth largest steel manufacturer, Tata Steel, has successfully raised a debt of $ 2.08 billion (Rs. 9,061 crore) from a consortium of 22 banks led by the State Bank of India, to finance its expansion plans at its Jameshdpur plant..Luthra & Luthra Law Offices advised the consortium of banks that included HDFC, ICICI and Axis Bank. Tata was advised by its in-house counsel. Luthra’s team was led by Mumbai-based Partner Vijaya Rao and Aviation Law Partner, Aniket Sengupta. They were assisted by associates Rohit Raghavan and Karan Mitroo.