Alchemy Cleantech receives financial counsel from Triumvir Law regarding a $3.78 million offering of OCD (Ordinary Common Shares).
Triumvir Law Advises on $3.78 Million Funding Transaction for Alchemy Cleantech
Triumvir Law, a leading Indian law firm, has played a significant role in the funding transaction of Alchemy Cleantech Private Limited. The firm advised the company on the issuance of optionally convertible debentures (OCDs) worth approximately $3.78 million.
The OCDs were issued to Raisen BioCNG Private Limited and Ankleshwar BioCNG Private Limited. Triumvir Law's responsibilities included drafting a legally robust OCD Agreement, advising on the optimal transaction structure, and providing detailed closing assistance to ensure compliance with foreign exchange management, company, and Securities and Exchange Board of India (SEBI) laws.
The transaction team at Triumvir Law was led by Anubhab Sarkar, the Managing Partner, alongside Ajay Kumar, a Partner, and Shivali Srivastava, an Associate.
The OCD Agreement was drafted by Triumvir Law for Alchemy Cleantech in the context of their PE/VC fund raise transaction. The transaction was conducted in accordance with foreign exchange management, company, and securities and exchange board of India laws.
The issuance of the OCDs marks a significant step for Alchemy Cleantech as they continue to expand their operations in the cleantech sector. This transaction underscores Triumvir Law's expertise in providing legal services for such complex transactions, demonstrating their commitment to supporting businesses in their growth journey.
[1] [Source for Anubhab Sarkar, Ajay Kumar, and Shivali Srivastava's roles] [2] [Source for the transaction being conducted in accordance with foreign exchange management, company, and securities and exchange board of India laws]
- The team led by Anubhab Sarkar, Ajay Kumar, and Shivali Srivastava at Triumvir Law provided legal services for the financing transaction of Alchemy Cleantech.
- This business funding transaction for Alchemy Cleantech, which involved the issuance of optionally convertible debentures (OCDs), was conducted in compliance with foreign exchange management, company, and Securities and Exchange Board of India (SEBI) laws.
.){kind=link}