Khaitan & Co advised EFC (I) Ltd on its acquisition of 100% of the equity shareholding of Ultrafresh Modular Solutions Ltd, a company engaged in designing, manufacturing, marketing, retailing and maintaining modular kitchens, modular furniture, storage systems, and home interior and furnishing solutions. The transaction is subject to completion of the conditions stipulated in the definitive documents.
Khaitan & Co advised Hyva (India) Pvt Ltd (“Hyva”) on the Indian law aspects of the sale of its Tipper Business in India to Belrise Industries Ltd.
Khaitan & Co acted as the Legal counsel to the book running lead managers as to Indian law in connection with the initial public offering of equity shares of Manipal Health Enterprises Limited of Rs 9,275 crores, comprising of a fresh issue of Rs 8,000 crores and an offer for sale by certain existing shareholders of Rs 1,275 crores.
Khaitan & Co advised Yamaha Motor Co and Al-Futtaim Auto International, existing investors in World of River Ltd, Inc., the Delaware parent of River Mobility Pvt Ltd (India), on River Mobility's USD 120 million Series C fundraise, one of the largest funding rounds in India's two-wheeler electric vehicle sector.
Khaitan & Co represented KSE Electricals before the Singapore High Court on an international supply contract dispute with the Bangladesh Rural Electrification Board, involving an arbitral award of approximately USD 6.9 million, excluding interest and costs.
Khaitan & Co advised India Resurgence Fund, on its acquisition of a significant majority stake in Fine Edge Engineering (housing the precision machined castings business of Ashok Iron Works Group).
Khaitan & Co advised Cerberus Capital Management L.P. and some other investors on their investment in a landmark transaction involving the Shapoorji Pallonji Group. The transaction included (i) the issuance of up to INR 21,350 crores of unrated, unlisted, secured, zero-coupon redeemable non-convertible debentures issued by Eqyizen Investment Pvt Ltd, a Shapoorji Pallonji Group company, and (ii) the issuance of senior, secured USD bonds aggregating to USD 650 million being issued by Mercury Finance Company.
Khaitan & Co advised Stakeboat Capital, as lead investor through Stakeboat Capital Fund II, in its Series B investment in Quick Clean Private Limited, alongside co-investment from existing investors Alkemi and Blue Ashva Capital. The aggregate investment by the investors in Quick Clean Private Limited was INR 133 Crores (about USD 14 Million).
Khaitan & Co advised Cambridge Mobile Telematics (CMT) on Indian law aspects of a $350 million strategic investment led by TPG and Allianz X, with participation from State Farm.
The Firm advised CMT on the Indian law aspects of the transaction, involving incentive plans for Indian employees.
Khaitan & Co advised Bessemer Venture Partners as the lead investor in its Series B investment in Mitigata, a Bengaluru-based cyber resilience and insurance startup, alongside participation from existing investors Nexus Venture Partners, Titan Capital and WEH Ventures in the aggregate round size of $ 15 million.
