Firm Matters
BackKhaitan & Co acted as the counsel for JSW Sambalpur Steel Ltd (“Borrower”) in relation to rupee term loan facility aggregating to INR 12000 crores availed by the Borrower from State Bank of India, for the purpose of part financing the acquisition of the steel business undertaking of Bhushan Power & Steel Ltd by way of slump sale on a going concern basis.
Deal Team
The core team consisted of Manisha Shroff (Partner), Arijit Sarkar (Partner), Siddhant Shetty (Senior Associate), Nilanjan Kumar (Associate) and Shivansh Jain (Associate).
Ravishankar Jayaraman, Kunal Raval, Keshav Anand, Nitesh Sanghi and Khushnaaz Anklesaria represented JSW Sambalpur Steel Ltd on the transaction.
Reema Mudgal, Mahesh Wanegaonkar, Jaymon George and Diwakar represented State Bank of India on the transaction.
