Majmudar & Co and UK firm TLT have acted as legal counsel to the lender Punjab National Bank (International) Limited [PNBIL] in two cross-border loans to finance the acquisition and operation of US-based and Indonesian mining groups.

Bristol-headquartered TLT has bagged the advice for a syndicate of Indian banks on a $110m dollar loan to Indus Gas alongside Amarchand Mangaldas, with the regional UK firm benefiting from its niche banking pitch.