Firm Matters
BackKhaitan & Co acted as lender’s legal counsel to Indian Railway Finance Corporation Ltd (“IRFC”) for financial assistance of ₹13,527 crores from IRFC to L&T Metro Rail (Hyderabad) Ltd for the purpose of inter alia refinancing of existing debt of the company in relation to setting up and implementation of the rail system for 71.16 km on elevated structures on Miyapur to L. B. Nagar; Jubilee Bus Station to Falaknuma and Nagole to Shilparamam corridors in Hyderabad on design, build, finance, operate and transfer ("DBFOT") basis.
The deal holds special value as it entails financing of the Borrower which will be utilising it towards development of Hyderabad Metro Rail Project. This marks a major refinancing transaction in India’s urban transit sector.
The Firm assisted in structuring of the deal and drafting and finalisation of financing documents.
Deal Team
The core team consisted of Dr Siddharth Srivastava (Partner) and Abhilash Kumar (Principal Associate).
