SNG & Partners assists BanyanTree India Growth Capital Fund on investment in Power Exchange India

The transaction involved secondary trade between BanyanTree and NCDEX, the existing promoter of PXIL.

BanyanTree India Growth Capital Fund has made an investment in Power Exchange India Limited (PXIL).

The transaction involved secondary trade between BanyanTree and NCDEX, being the existing promoter of PXIL.

SNG & Partners acted as the legal counsel to BanyanTree on this investment deal.

Amit Aggarwal (Managing Partner (Corporate & Non-Contentious Practice)) acted as engagement partner for the transaction.

The transaction team consisted of Aditya Vikram Dua (Partner), Aniket Sawant (Principal Associate) and Parvathi Menon (Associate).

Power Exchange India Limited (PXIL) is India’s first institutionally promoted power exchange which provides innovative and credible solutions to transform Indian power markets. PXIL is promoted by National Stock Exchange and National Commodity & Derivatives Exchange (NCDEX).

NCDEX is a professionally managed online commodity exchange with diverse product offerings setting a benchmark for both agriculture and non-agri commodities derivatives segment.

BanyanTree invests in mid-market companies in India and strives for development outcomes along with its investment activities by ESG focus and alignment with SDGs.

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