Shardul Amarchand Mangaldas advises Axis Bank Limited regarding financial assistance to Ballard Pier Private Limited for Mumbai International Cruise Terminal
March 20, 2023
Shardul Amarchand Mangaldas & Co. advised Axis Bank Limited in providing financial assistance to Ballard Pier Private Limited for Mumbai International Cruise Terminal (MICT). The assistance was done by way of a rupee term loan facility, for the purpose of, part financing the construction, development, operation and maintenance of Mumbai International Cruise Terminal (MICT) at Indira Dock on design, build, finance, operate and transfer (DBFOT) (PPP) basis. The deal was valued at approximately USD 23.6 million and the expected date of closing the deal was 19th November 2022.
The transaction team was led by Debashree Dutta, Partner; and Anshuman Roy, Senior Associate.