ACCIL will use the facility to meet the operational and administrative expenses of its manufacturing facilities in Khopoli, Maharashtra and Bawal, Haryana, as well as general corporate requirements. The deal is the latest in a series of recent debt (term loan and working capital funding) and equity deals by ACCIL to enhance its manufacturing capacities in India.

The team from Khaitan Sud was led by partner Tanuj Sud, alongside principal associate Sujeet Das, senior associate Priyadarshi Debashis Satapathy, and associates Henna Vadhera and Bhumika Tripathi.

ACCIL was represented by its in-house legal, technical, finance and secretarial teams.

The deal was concluded on 9 November.