Khaitan & Co advised Axis Bank Limited, 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 Limited, 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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