Khaitan & Co advised Arboreal Bioinnovations Pvt Ltd, one of India's fastest-growing specialty food and nutraceutical ingredients companies, on its INR 230 crores Series A funding round from Discovery Fund II (Edelweiss), Omnivore Agritech & Climate Sustainability Fund 3 (Omnivore), and Rainmatter Investments - by Zerodha, involving a primary and secondary component.
Khaitan & Co advised Algonomy Software Pvt Ltd on its 100% sale to ADA Data AI Solutions Pte Ltd, a Malaysia headquartered data and AI company delivering integrated digital, analytics, and marketing solutions to enterprises across Asia.
In an unprecedented factual matrix, the Delhi High Court grants an order in favour of TVS Motor Company Ltd. (TVS) restraining the defendants from issuing copyright infringement threats based on two copyright registrations titled “Motion’s Fourth and Fifth Law” and “Motion’s Sixth Law”. The Defendants claimed rights over what they described as the fourth, fifth and sixth laws of motion.
Khaitan & Co advised Adventz Developers LLP on the formation of a 50:50 joint venture with Nobilia International GmbH (“Nobilia”), a German company within the Nobilia group, which is primarily engaged in the business of kitchen and other furniture manufacturing.
Khaitan & Co advised the Amran/Narayan Group (including its founder shareholders and members and affiliates of the Shah family) on Standex International Corporation’s (NYSE: SXI) (“Standex”) landmark two-stage cross-border acquisition of Amran, LLC (operating as Amran Instrument Transformers) (“Amran”) and Narayan Powertech Pvt Limited (“Narayan”).
Khaitan & Co advised Matel Motion and Energy Solutions Pvt Ltd (Matel), on its Series B funding round of INR 130 crores, led by UC Impower, with Catamaran joining as a new investor and Transition VC continuing its support as an existing investor.
Matel is an Indian technology company which designs and manufactures energy-efficient motors, motor controllers and integrated powertrains for automotive and industrial applications, including electric vehicles, pumping and cooling systems
Khaitan & Co advised Belding India Ltd ("Belding"), a company listed on BSE Limited, on its 100% acquisition of Evolve IT Solutions Pvt Ltd ("Evolve") from its existing promoters / shareholders.
Khaitan & Co advised Mahindra & Mahindra Ltd, a leader in automotive, farm, and services businesses and Mahindra Last Mile Mobility Ltd (MLMML), on a ~INR 322 crores primary fundraise into M&M’s last mile mobility arm, MLMML, at a valuation of INR 10,822 crores.
Khaitan & Co advised Mahindra & Mahindra Ltd, a leader in automotive, farm, and services businesses on the sale and disposal of its Trucks and Buses Division (along with its employees, assets, intellectual property, licences, permits, insurance policies, contracts, rights and liabilities), to SML Mahindra Ltd, as a going concern on a slump sale basis, for a consideration of INR 525 crores, subject to working capital adjustments.
Khaitan & Co advised State Bank of India (SBI) as the issuer counsel for the issue of non-convertible, taxable, perpetual, subordinated, unsecured, fully paid-up BASEL III compliant Additional Tier 1 Bonds in the nature of debentures by State Bank of India with issue of INR 3000 crores and a green shoe option of INR 2000 crores, aggregating to INR 5000 crores on private placement basis.
