J. Sagar Associates (JSA) advised and represented Premier Energies Limited (PEL) and its promoters in its private equity fund raise of up to INR 200 crore (approx) from GEF Capital Partners. The equity capital is proposed to be utilized by PEL for consolidating its presence as a leading integrated solar cell and module manufacturer by adding additional capacity of 2 GW cell manufacturing and 2 GW of module manufacturing based on the latest technology along with a planned investment of over INR 1200 Crores over the next two years.
PEL is one of India’s leading Solar PV Cells & Module manufacturing companies providing end-to-end solar power solutions to organizations across India and 30 countries in Europe, Africa, and Asia. For over two and a half decades, PEL has been driving sustainability in the renewable energy sector with a spectrum of products and innovations in energy generation and storage.
The Deal value was USD 30 Million (approx.)
JSA team comprised Lead Partner – Manvinder Singh, Senior Associate – Aman Parnami, and Associate – Parnik Saxena.