Luthra and Luthra Law Offices India guided State Bank of India (SBI) on a INR13.7 billion (USD146.5 million) construction loan to Bengaluru-based textile company Sarla Garments, drafting and finalising transaction and security documents.
Managing associate Rachit Verma led the Luthra and Luthra transaction team, with guidance from partner Sharad Joshi and the support of associate Naina Sharma.
The in-house legal team represented Sarla Garments on the transaction, which will provide critical capital for the company to support its diversification in the Bengaluru real estate market.
