SBI Part-Finances Procurement and Operations of Electric Buses Under Supply-Cum-Operation and Maintenance Agreement
State Bank of India has extended a term loan facility to partially finance an electric bus project awarded to an operator entity. This project, awarded by the Navi Mumbai Municipal Transport, involves the procurement of electric buses and the construction, operation, and maintenance of associated depots under a Supply-Cum-Operation and Maintenance (SCOM) Agreement.
SNG & Partners provided comprehensive legal support to SBI throughout this transaction, which included drafting, negotiating, and finalizing the facility and security documents. The firm also offered legal advisory services, focusing on the SCOM Agreement from a creditor’s perspective.
The advisory team from SNG & Partners included Sharad Joshi (Partner), Namrata Mehta (Senior Associate), Prarthana Markod (Associate), and Bhavika Dharod (Associate).
Furnishka Secures ₹27 Crore in Pre-Series A Funding Led by India Quotient
Share your news, articles, deals, columns, or press releases with us! Click the link to submit and join our platform today.
