March 29, 2023
Shardul Amarchand Mangaldas advised IndusInd Bank Limited (“IndusInd”) in granting financial assistance to Duet India Hotels (Pune) Private Limited, Duet India Hotels (Jaipur) Private Limited, Duet India Hotels (Ahmedabad) Private Limited, Duet India Hotels (Hyderabad) Private Limited, Duet India Hotels (Chennai) Private Limited and Duet India Hotels (Chennai OMR) Private Limited (“Duet India Hotels”). The assistance was availed for the purpose of refinancing the existing loans availed from L&T Finance Limited. The deal was valued approximately at USD 38 million and the expected date of closing was 28 February,2023.
The Transaction team comprised Debashree Dutta, Partner; Arijit Sarkar, Principal Associate; Nainesh Singh, Senior Associate; Aparna Arya, Associate; and Jeetu Tolani, Associate.
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