Larsen & Toubro Finance has provided funding worth ₹629 crores to Kappirikkad Highways Private Limited.
Luthra and Luthra Law Offices acted as the legal counsel for L&T Finance on the deal and assisted with drafting, reviewing, negotiating, advising on legal issues/queries relating to the facility, finalization and execution of the financing and security documents.
The transaction team was led by Partner, Purvi Dabbiru, and comprised Associates – Samarth Sharma, Pragya Verma and Shantanu Awasthi.
The funds will be used for a six-lane highway from Kappirikkad to Thalikulam section of NH-66 (old NH-17) in the state of Kerala on Hybrid Annuity Mode under the Bharatmala Pariyojana of National Highway Authority of India (NHAI).