TT&A advised DBS Bank India Limited in relation to a rupee term loan facility of INR 350 crore availed by a leading listed REIT. The facility is to be secured by the assets of one of the SPVs of the REIT.

The transaction marks a significant milestone as the first term loan extended by a bank to an Indian REIT at the trust level. The facility enables the REIT to diversify its funding sources.

TT&A Team: Nidhi Rani & Nakul Sonejee – Partners; Dileep Krishnan & Ganesh Bhaskar Lata – Senior Associates and Sahil Kripalani – Associate