Khaitan & Co advised Japan Bank for International Cooperation (JBIC) in relation to a loan facility extended to State Bank of India acting through their branch in GIFT City, Gujarat. The loan was co-financed by Mizuho Bank, Sumitomo Mitsui Banking Corporation (SMBC) and the Bank of Yokohama, Ltd. The proceeds will be utilised by State Bank of India to finance lending programs to foster the development of eligible automotive component enterprises, automotive dealers, automotive financers and EV (electric vehicle) charging station developers and projects in India.
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The core team consisted of Devidas Banerji (Partner), Arindam Bhattacharjee (Principal Associate) and Sushmit Mandal (Associate).