Home >Deals & Matter Corner>Deal>Commercial Bank of Ceylon extends secured term facility in its first lending foray into India to Shriram Finance Limited

Commercial Bank of Ceylon extends secured term facility in its first lending foray into India to Shriram Finance Limited

Deal
October 7, 2024

JSA advised Commercial Bank of Ceylon PLC (“CBC”) in relation to secured facilities extended by CBC to Shriram Finance Limited (“Shriram Finance”). JSA assisted CBC with the structuring, drafting and execution of the financing documents.

Shriram Finance is one of the India’s biggest retail non-banking financial companies offering financial services such as commercial vehicle finance, SME finance and retail lending. CBC is a licensed commercial bank in Sri Lanka and is regarded as the largest private bank in Sri Lanka. The transaction marks CBC’s first lending in the Indian market.

Our Transaction Team Comprised Partners – Anish Mashruwala and Soumitra Majumdar, Of Counsel – Shrijita Bhattacharya and Senior Associate – Harvi Shah.

Our Tax Team Comprised Partner – Kumarmanglam Vijay and Surajkumar Shetty.

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Tags Commercial Bank of Ceylon, JSA, Leading Law Firm, Leading Lawyers

Anish Mashruwala Partner

Anish is the current Co-Chair of the Finance Practice at JSA and heads the Banking & Finance group. He also focuses on Cross Border Investments & Acquisitions.

Kumarmanglam Vijay Partner and Head of Practice

Kumarmanglam is an equity partner of the firm and also heads the direct tax and regulatory practice at JSA. He has more than 25 years of experience in matters relating to direct taxation (including international taxation, transfer pricing, litigation, anti-avoidance laws, and M&A tax), accounting, and corporate laws including mergers and acquisition, joint ventures, foreign investments, market entry strategy, and corporate restructuring.

Soumitra Majumdar Partner

Soumitra specializes in Banking & Finance. He works closely with Indian and multinational banks, development financial institutions, commodity finance houses, non banking finance companies as well as corporates, for structuring, due diligence, documentation and negotiations.

Surajkumar Shetty Partner

Surajkumar Shetty has extensive experience in advising clients on various aspects relating to direct taxation such as M&A transactions, devising appropriate risk mitigation and litigation strategies, restructuring businesses and business transfers, drafting and negotiating agreements from an income-tax standpoint, funds taxation, etc.