Khaitan & Co advised Axis Bank’s Hong Kong branch in relation to a working capital demand loan facility of €15m provided to ZIV Aplicaciones Y Tecnologia, an offshore subsidiary of Crompton Greaves, India, to meet its working capital requirements.
Devidas Banerji (partner), Ahana Sinha (senior associate) and Hemant Kothari (associate) represented the client on the transaction.
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