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DSK acts for PTC on $3.5m JV with ICICI, BSE to create electricity exchange JV Pranurja

PTC India Limited has entered into a joint venture with BSE Investments Limited and ICICI Bank Limited in Pranurja Solutions Limited, to create India’s third electricity exchange.

PTC India Limited (PTC) has executed a SSA and SHA on 26th April, 2019 with BSE Investments Limited (“BSE”) and ICICI Bank Limited (“ICICI”) for investment in a Company (proposed new power exchange). The SSA/ SHA shall govern the inter-se rights and obligations of the shareholders of the Company. It is

Hindu Business Line

DSK Legal advised PTC India Limited led by a team of partner Rishi Anand, principal associate Nakul Batra, principal associate Jitendra Soni and senior associate Chirag Jain.

Pranurja Solutions was advised by its in-house team.

2019-08-01

Deal value: INR 25,00,00,000

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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