Khaitan & Co. advised HDFC Bank Limited in relation to a USD Term Loan Facility granted for financing the acquisition of BITS Pilani FZ LLC by Birla Institute of Technology and Science Company, India where the term loan proceeds were used to retire the existing debt of the Target.

Shishir Mehta concerned Partner in this deal acted as the transaction counsel in this multi-jurisdictional transaction involving complex structuring, documentation and coordination with local counsels in Dubai as well as English law counsels working on the deal from United Kingdom.

Role of the firm was assisting in structuring of the transaction; drafting and finalization of the financing and security documents; general corporate advisory.