TT&A advised IFC in relation to proposed loans aggregating up to USD 35 million to Mymensingh Agro Limited (“MAL”) and Pran Dairy Limited (“PDL”). Both MAL and PDL are borrowers incorporated in Bangladesh. 

The proceeds of these loans will be used, inter alia, by MAL for the expansion of its beverage manufacturing facilities and working capital requirements, and by PDL to enhance the production and processing capacity of its various dairy products, establish a dairy hub and milk collection centres and make necessary investments for strengthening its supply chain. 

TT&A Team: Gautam Saha – Joint Managing Partner; Nikhil Bahl – Partner; Ankita Mandal – Managing Associate and Maansi Mehta – Senior Associate