International Finance Corporation Invests in GFCL EV Products Limited

Khaitan & Co advised Gujarat Fluorochemicals Limited (GFL) and its subsidiary GFCL EV Products Limited (GFCL EV) in connection with an approximately USD 50 million investment by the International Finance Corporation (IFC) in GFCL EV. The investment will support the development by GFCL EV of what is described as India’s first integrated battery materials manufacturing facility. The transaction marks IFC’s first investment in India’s battery-materials sector and is intended to strengthen domestic manufacturing capabilities for advanced battery materials while enhancing India’s position in the global battery-materials supply chain. Khaitan & Co represented Gujarat Fluorochemicals Limited and its subsidiary GFCL EV Products Limited with a team composed by: Haigreve Khaitan (Senior Partner), Shantanu Gupta (Partner), Gautam Suseel (Partner), Ifrazunnisa Khan (Consultant), Nikhil Shahi (Senior Associate), Poojita Saxena (Associate) and Chaitanya Kishore (Associate).

International Finance Corporation Invests in GFCL EV Products Limited

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