Dhir & Dhir Associates advised India Infrastructure Finance Company Limited (IIFCL) on sanctioning and disbursing refinance facility aggregating to ₹3,500 crore to Indian Railway Finance Corporation Ltd under its new refinancing scheme.
The firm provided advisory and support including but not limited to drafting, reviewing and finalisation of the financing documents.
The transaction team consisted of Guranpreet Singh Sarna (Partner) and Shikha Singh (Associate Partner).
The facility was disbursed by IIFCL for refinancing loans, advances, and financial leases granted for the purpose of infrastructure assets, advances, and financial assets of IRFC under the IIFCL New Refinancing Scheme.
India Infrastructure Finance Company Limited (IIFCL) is a wholly-owned Government of India enterprise established in 2006 to provide long-term financial assistance to infrastructure projects in India. Headquartered in New Delhi, IIFCL plays a pivotal role in promoting and developing the infrastructure sector, including areas such as transportation, energy, water, sanitation, communication, and social and commercial infrastructure.
The company offers various financing products, including direct lending, refinance schemes, and credit enhancement, to support the development of public-private partnership (PPP) projects. IIFCL's mission is to catalyze infrastructure growth and contribute to the nation's economic development by bridging financing gaps and enabling the execution of large-scale projects.
IRFC is the dedicated financing arm of the Indian Railways, established in 1986 to raise funds for railway development projects. Headquartered in New Delhi, IRFC plays a critical role in providing financial support for the acquisition of rolling stock, infrastructure development, and leasing operations for Indian Railways.
The corporation raises funds through domestic and international capital markets, including bonds and loans, ensuring cost-effective financing for one of the world's largest rail networks.
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