Baker & Mckenzie, JSA and Khaitan help close China Development Bank and Aircel deal

Aircel has raised Rs. 3,150 crore ($700 million) from China Development Bank (CDB) as External Commercial Borrowings (ECB) to the telecom company. The ECB has been divided into two loans of Rs. 1,575 crore ($350 million) each. The ECB has been raised to pay the Chinese suppliers for the equipments purchased for expansion of the company.

barandbench.com Baker & Mckenzie, JSA and Khaitan help close China Development Bank and Aircel deal
Fri, Aug 6, 2010 barandbench.com

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