Cases & Deals

ICICI Bank provides term loan facility to Adani Power Limited

Client(s) ICICI Bank Limited

Jones Day advised ICICI Bank Limited, acting through its Hong Kong Branch as arranger and original lender in relation to a US$99 million secured term loan facility (backed by The Export Import Bank of China) for Adani Power Limited, a subsidiary of Adani Enterprises Limited, for Phase III of the power plant located in Mundra, Gujarat, India.

ICICI Bank, which is listed on the Bombay Stock Exchange and the National Stock Exchange of India, and has its ADRs listed on the New York Stock Exchange, is India's largest private sector bank in terms of market capitalization and is India's second largest bank.