Piramal Finance Limited has successfully sanctioned a significant financing package amounting to ₹250 crore. This includes ₹200 crore allocated to Nimbus Projects Limited and an additional ₹50 crore dedicated to IITL-NIMBUS THE PALM VILLAGE. The legal advisory for this financial transaction was provided by the esteemed law firm, Dua Associates.
The legal team from Dua Associates that facilitated this transaction comprised several experienced professionals: Prateek Bedi, Angad Varma, Nityashjit Kaur, Bhaskar Mishra, Toyesh Tiwari, Rishabh Halwai, and Anukriti Prakash. Their collective expertise ensured a seamless execution of the deal, which is pivotal for the development of the Nimbus-The Palm Village residential project.
Nimbus-The Palm Village is strategically located in the Yamuna Expressway Industrial Development Area, an emerging hub for residential and commercial development. This financing is expected to significantly aid in the development and completion of this group housing project, thereby contributing to the region’s growth.
Prateek Bedi, along with partners Angad Varma, Nityashjit Kaur, Bhaskar Mishra, and Toyesh Tiwari, played crucial roles in structuring and advising on the financial arrangement. The expertise of principal associate Rishabh Halwai and senior associate Anukriti Prakash further strengthened the advisory team’s capacity to handle the complexities of this transaction.
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