Polycab India Limited has strategically aligned itself with Continuum Green Energy Limited through a group captive arrangement aimed at fulfilling its renewable energy needs. This collaboration is focused on supplying renewable power to Polycab’s manufacturing facility located in Jamnagar, Gujarat.
The legal intricacies of this significant transaction were handled by Economic Laws Practice (ELP), a renowned law firm in India. ELP’s responsibilities included advising Polycab on the ideal transaction structure and overseeing the review, negotiation, and finalization of essential agreements, including the Power Consumption Agreement and the Share Purchase and Shareholders Agreement, along with other related project documentation.
The transaction team at ELP was spearheaded by Sujjain Talwar, a co-founding partner of the firm. He was supported by Vinit Shah (Associate Partner), Pranaav Gupta (Senior Associate), and Rashi Jain (Associate), all of whom played pivotal roles in the successful execution of this agreement.
In a related development, J. Sagar Associates (JSA) and Dentons Link Legal provided legal assistance to Continuum Green Energy in securing a substantial investment of ₹1,350 crore from Chubu Electric Power Co. This investment is expected to significantly bolster Continuum Green Energy’s operational capabilities and further support its commitment to sustainable energy solutions.
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