JSA Advocates & Solicitors (JSA) advised DZ Bank AG, Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, in connection with a EUR 161 million (approximately USD 184 million) shopping line credit facility extended to UFlex Limited through an external commercial borrowing (ECB) in April/May 2026.
The transaction marks a significant milestone as it is the largest Euler Hermes Shopping Line and the first transaction in India under the new Euler Hermes Shopping Line programme. The proceeds of the facility will support UFlex Limited’smachinery and equipment imports, primarily from Germany, over the coming years, further strengthening the company’s manufacturing capabilities and long-term growth strategy.
The JSA team was led by Pratish Kumar, Partner with Sumitava Basu, Partner and support from Karan Abichandani, Principal Associate and Anmol Narang, Senior Associate.
Pratish specialises in finance, securitisation, trade finance, and financial regulatory advisory. He has extensive experience in debt transactions, structured finance, and securitisation of both standard and non-performing assets. Pratish regularly advises on trade finance mechanisms including factoring, forfeiting, and receivables financing. He has also guided clients on acquisitions of financial institutions, regulatory licensing, and the structuring of innovative banking products.