Khaitan & Co advised Altico Capital India Limited on a secured lending of a rupee term loan to Sanjivani Integrated Township LLP for the purpose of construction of real estate township project at Urse, Pune for INR 240 crores. The facility was inter alia secured by a mortgage on the Project property and the development rights of the Borrower, the receivables generated therefrom, pledge of shares and promoter guarantees. Manisha Shroff (Partner), Madhuparna Dasgupta (Principal Associate), Krishnendu Sen (Senior Associate), Jessica Gandhi (Associate), Oindrila Bhowmik (Associate), Nandini Paliwal (Associate) and Ashwij Ramaiah (Associate) represented the client on the transaction. Altico Capital India Limited provides alternate capital to Indian corporates that need customized financing solutions to unlock value from their enterprise and assets. The company focuses on real estate asset backed lending across Mumbai, the NCR, Chennai, Bengaluru, and Pune.
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