Khaitan & Co advised the Lender, IndusInd bank Limited in relation to the financial assistance by way of (i) a rupee term loan facility of INR 230 crores; (ii) a rupee term loan facility of INR 70 Crores including sub-limits by way of a letter of credit facility of INR 70 Crores; (iii) cash credit of INR 50 Crores and (iv) derivative facility of INR 140 crores to Quality Care India Limited (the “Borrower”) to refinance existing borrowings for total consideration of INR 490 crores.
The Facilities were secured by way of a charge on the moveable and immoveable assets and the current assets of the Borrower.
IndusInd Bank Limited provides various banking products and services to individuals, NRIs, business owners, corporates, and government and financial institutions. It operates through four segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations.
Manisha Shroff (Partner), Soumava Chatterjee (Principal Associate), Oindrila Bhowmik (Senior Associate), Savni Tewari (Associate) and Nandini Paliwal (Associate) represented the client on the transaction.