Argus Partners Advises Polygenta Technologies Limited On The Investments In It By DEG And IFU
Argus Partners has advised Polygenta Technologies Limited (a leading PET recycling company engaged in sustainable circular economy) ("Polygenta"), on Indian law aspects on the external commercial borrowing raised from DEG - German Investment and Development Company mbH and Danish development financier IFU.
Polygenta produces PET chips and sustainable filament yarns for the textile industry from used disposable PET bottles. Customers include several well-known international fashion and sportswear brands. Polygenta has been producing yarns from 100% used plastic bottles.
With a portfolio of around EUR 9.2 billion in nearly 80 countries DEG is one of the world's largest private-sector development financiers. IFU is a Development Financial Institution owned by the Government of Denmark. IFU is a self-governing, state-owned fund, whose objective is to promote economic and social development in developing countries.
The investments from the development finance providers are proposed to be utilised for the construction of two new production lines in Nashik, Maharashtra and thus, permit Polygenta to further increase its recycling capacity.
The Argus Team consisted of Aastha, Adity Chaudhury, Nidhi Arya (Partners), Swaraj Narula (Senior Associate) and Aditi Kashyap, Vansh Aggarwal (Associates).
Aastha
Adity Chaudhury
Nidhi Arya