Khaitan & Co advised Kotak Mahindra Prime in relation to a share-backed rupee financing extended to JSW Techno Projects Management Limited (the “Borrower”) for the purposes of refinancing, creeping acquisition and general corporate purposes.
Kotak Mahindra Prime limited (KMPL) is a subsidiary of Kotak Mahindra Bank Limited primarily formed to finance all passenger vehicles. KMPL is India’s Leading car finance company. The company is dedicated to financing and supporting automotive manufacturers, dealers and retail customers.
Devidas Banerji, Partner; Madhuparna Dasgupta, Principal Associate and Nikita Nehriya, Associate represented the client on the transaction.