Khaitan & Co Advised Gujarat Fluorochemicals And GFCL EV Products On IFC Investment

Khaitan & Co advised Gujarat Fluorochemicals and GFCL EV Products on IFC Investment

The leading law firm in India, Khaitan & Co, advised Gujarat Fluorochemicals Limited (GFL) and its subsidiary, GFCL EV Products Limited (GFCL EV), on an investment of approximately USD 50 million by the International Finance Corporation (IFC) in GFCL EV.

This transaction marks IFC’s first investment in India’s battery-materials sector and supports the development of India’s first integrated battery materials manufacturing facility by GFCL EV. The investment is aimed at strengthening domestic manufacturing capabilities for advanced battery materials and enhancing India’s position in the global battery-materials supply chain.

The Khaitan & Co transaction team comprised Haigreve Khaitan (Senior Partner), Shantanu Gupta (Partner), Gautam Suseel (Partner), Ifrazunnisa Khan (Consultant), Nikhil Shahi (Senior Associate), Poojita Saxena (Associate), and Chaitanya Kishore (Associate).

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