Dhir & Dhir Associates has advised the India Infrastructure Finance Company Limited (IIFCL), on the sanction and disbursement of refinance facility aggregating to INR. 3500.00 Crore under its New Refinancing Scheme to Indian Railway Finance Corporation Ltd (IRFC), a dedicated financing arm of the Indian Railways for mobilising funds from domestic and overseas Capital Markets. The firm acted as legal counsel to IIFCL and provided advisory and support, including but not limited to drafting, reviewing, and finalising the financing documents. IRFC is a Schedule ‘A’ Public Sector Enterprise under the administrative control of the Ministry of Railways, Govt. of India. It is also registered as a Systemically Important Non–Deposit taking Non-Banking Financial Company (NBFC – ND-SI) and Infrastructure Finance Company (NBFC- IFC) with the Reserve Bank of India (RBI).

The core team at Dhir & Dhir Associates consisted of Guranpreet Singh Sarna, Partner, and Shikha Singh, Associate Partner.