Majmudar & Partners advised Axis Bank, Hyderabad, in relation to a US$8,200,000 letter of credit facility provided to Xius Holding Corp., a company incorporated in Massachusetts, USA, which was backed by a share pledge and parent guarantee extended by its holding company in India, Megasoft Limited, under the automatic route of the Reserve Bank of India. Prashanth Sabeshan led the Majmudar & Partners’ team. Baker & McKenzie Wong & Leow acted as English counsel to the lender, and Baker & McKenzie LLP acted as US counsel to the lender.