HSA Advocates Advised SBI led Consortium on Project Financing Worth INR 1200 Million.
HSA Advocates (“HSA”) advised State Bank of India (“SBI”) on the financing of INR 1200 million with respect to the modernisation and expansion of a project in Punjab. This project includes the laying of optic fiber cable and provision for set top boxes in the state. A consortium of the three banks i.e. SBI, Punjab National Bank and HDFC Bank Limited have provided facility for the Punjab project. The transaction, led by Managing Partner, Hemant Sahai, and Associate Partner, Nilesh Chandra was concluded in August 2015.