TT&A acted as the Indian counsel to Standard Chartered Bank in its financing of Route Mobile (UK) Limited by way of a term loan facility of USD 15 million. The financing is credit enhanced by a guarantee provided by the Indian parent company of Route Mobile (UK) Limited, being Route Mobile Limited, a listed company. The deal involves a listed Indian parent company making an overseas financial commitment to guarantee the financing being availed by its overseas subsidiary, after the advent of the new regime around overseas investments introduced by RBI on 22 August 2022

TT&A Team – Sonali Mahapatra & Nidhi Rani – Partners