Triumvir Law advises Alchemy Cleantech on $3.78 million OCD issuance

Alchemy Cleantech Private Limited has made an issuance of optionally convertible debentures aggregating to ~$3.78 million to Raisen BioCNG Private Limited and Ankleshwar BioCNG Private Limited.

Triumvir Law assisted Alchemy Cleantech in drafting the OCD Agreement as part of their PE/VC fund raise transaction. The firm’s scope of work included advising on the transaction structure, drafting the OCD Agreement, and providing closing assistance for the transaction in accordance with the applicable foreign exchange management, company and securities and exchange board of India laws.

The transaction team consisted of Anubhab Sarkar (Managing Partner), Ajay Kumar (Partner) and Shivali Srivastava (Associate).

Alchemy Cleantech is a company focused on building, owning, and operating clean energy and infrastructure projects. Established in Thane, Maharashtra, the company is dedicated to advancing innovative solutions in the clean energy sector, contributing to a more sustainable and environmentally friendly future.

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