Banking & Finance

About

Provided by Saraf and Partners

Introduction

Saraf and Partners' banking & finance team has advised on some of the largest and most complex financing transactions in India and globally for banks and financial institutions. Their team has also advised lenders on some of the largest debt restructurings alongside having deep experience in securitization and stressed asset management transactions.

The Firm appointed Mr. Chandan Sinha, former Executive Director of Reserve Bank of India and Mr. Sunil Srivastav, former Deputy Managing Director of State Bank of India as Advisors in relation to the Foreign Exchange Regulations, payment & settlement system and Financial market regulations which further strengthen it's practice.

Recent Work

• Advised Federal Bank Limited and IDBI Trusteeship Services Limited in relation to the issue of eligible Tier 2 capital in compliance of RBI Guidelines plus green shoe option in compliance of Basel III Guidelines in the nature of rated, fully paid, taxable, redeemable, subordinated, unsecured, non-convertible debentures at par aggregating to Rs. 700 Crores in total.
• Syndicated Term Loan facility of Rs.10,000 crore to Vedanta Limited.
• Advised SBI and SBICaps in relation to syndicated facilities of over Rs. 9,500 Crores to construct coal gasification-based urea manufacturing complex at existing site of Fertilizer Corporation of India Limited in Talcher, Odisha.
• Advised on enforceability opinion for LIC Housing Finance Limited in issuance of Tier II bonds for raising funds by LIC Housing.