DK Business Network
Alchemy Cleantech Pvt Ltd. successfully completed an issuance of Optionally Convertible Debentures (OCDs) totaling approximately $3.78 million to Raisen BioCNG Pvt Ltd & Ankleshwar BioCNG Private Ltd. This financial move aims to support the green energy initiatives & enhance collaboration between the involved parties in the expanding BioCNG sector.
Triumvir Law, a well known legal firm specialising in private equity & venture capital transactions. Triumvir Law firm provide help to Alchemy Cleantech in the Drafting of the OCD Agreement. The firm’s work is to advise on the optimal transaction structure to correspond with industry standards, drafting a legally robust OCD Agreement & offering detailed closing assistance to ensure compliance with relevant regulations under the Foreign Exchange Management Act (FEMA), as well as applicable Companies Act and Securities and Exchange Board of India (SEBI) laws.
The transaction team at Triumvir Law included Anubhab Sarkar (Managing Partner) eminent for his expertise in corporate law, Ajay Kumar (Partner) have experience in financial transactions & Shivali Srivastava (Associate) who played a vital role in the documentation & negotiation process.
Alchemy Cleantech Company established in Thane, Maharashtra for the development, ownership & operation of innovative clean energy and infrastructure projects. Their mission revolves around promoting sustainable practices and advancing cutting-edge solutions in the clean energy sector, all with the goal of contributing to a more sustainable and environmentally friendly future. By focusing on BioCNG production and related technologies, Alchemy Cleantech is positioning itself as a key player in the transition to renewable energy sources, addressing the pressing challenges of energy sustainability and environmental conservation.
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