Piramal Finance Limited, the lending arm of the Piramal Group and a prominent player in India’s structured finance and real estate funding space, has sanctioned financial assistance of an amount of Rs. 250 Crores to Elan Imperial Private Limited, a company affiliated with the Elan Real Estate Group.
The funding will support the development of a commercial project spread across 7+ acres of land in Sector-82, Gurugram, Haryana.
KNM & Partners, Law Offices acted as the legal counsel to Piramal Finance Limited in this transaction. The deal team was led by Senior Partner Rakesh Gupta, Associate Partner Tanuj Hazari and Senior Associate Akash Agarwal who advised on the structuring and documentation aspects of the transaction. The diligence team was led by Partner Rohit Yadav, Principal Associate Shilpi Gupta and Associate Jayant Kocher and Rao Abdul Ahad Khan.
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