Financing By REC Limited To Telangana Super-Specialty Hospitals Corporation Limited
Kochhar & Co. advised REC Limited, a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, in relation to providing credit facility of INR 23.85 billion to Telangana Super-Specialty Hospitals Corporation Limited. The project involved setting-up of 3 super-specialty hospitals in the state of Telangana (deal update attached).
Kochhar & Co. provided end-to-end support for the transaction, including conducting due diligence, drafting, negotiating, and finalizing the transaction documents, including closing and completing other related activities.
The transaction was led by Kochhar Mumbai, Banking & Finance Partner, Ms. Sharmil Bhushan, who was supported by Senior Associate Ms. Jyoti Punjabi.