Khaitan & Co advised AdaniConneX, a joint venture between Adani Enterprises Ltd and EdgeConneX, on its completed acquisition of a 100% stake in Madhuvanti Build Estate Ltd, a company incorporated to undertake infrastructure operations, for a consideration of INR 765.25 crores.
Khaitan & Co advised Kilburn Engineering Ltd (Kilburn) in relation to a joint venture arrangement between Kilburn and East End Technologies Pvt Ltd (Eastend) proposed to be undertaken through a joint venture company, wherein Kilburn and Eastend shall be holding 60:40 stake in the joint venture company, respectively.
Khaitan & Co acted as legal counsel the book running lead managers as to Indian law in connection with the initial public offering of equity shares, consisting of a fresh issue of 27 crores shares aggregating to INR 30,187.60 crores.
Khaitan & Co advised Mythik Holding Ltd in relation to investment by select Indian Investors, including Dream11 CEO – Harsh Jain; Blume Founder’s Fund, ex-McKinsey & Co – Rajat Gupta; Bharti Mittal Family Office; Point 72’s private investing head – Ishan Sinha; and SVAR Projects’ Rooshabh Shah, in Mythik Entertainment Technologies Pvt Ltd.
Khaitan & Co advised Just Climate, an existing shareholder of Continuum Green Energy Ltd, in connection with Chubu Electric Power Co., Inc.’s proposed INR 1,350 crores investment in Continuum Green Energy Ltd.
Khaitan & Co acted as advisors to Motilal Oswal Alternates (MO Alternates), the alternative investment arm of Motilal Oswal Group, who through its Private Credit Fund committed INR 750 crores to JBM Ecolife Mobility, the electric mobility platform of listed auto components maker JBM Auto. The fund raise is a combination of structured debt and equity-linked capital. The capital infusion is expected to enhance the company's ability to participate in large electric bus tenders and execute existing contracts.
Khaitan & Co advised L'Oréal on its acquisition of majority stake in Onesto Labs Pvt Ltd (Innovist), a leading digital-first Indian personal care house of brands.
Khaitan & Co advised the seller, the President of India (acting through the Ministry of Finance, Government of India), on the offer for sale of equity shares through the stock exchange mechanism of General Insurance Corporation of India, aggregating approximately INR 3,087.74 crores.
Khaitan & Co advised the Seller i.e., F.I.L.A. Fabbrica Italiana Lapis Ed Affini S.P.A. (FILA) in relation to sale of 4,248,184 equity shares held by FILA in DOMS Industries Ltd, for a total consideration of INR 934.74 crores.
Khaitan & Co advised on the implementation of the composite scheme of arrangement involving Vedanta Ltd (the Demerged Entity) and four resulting companies — Vedanta Aluminium Metal Ltd, Vedanta Power Ltd (formerly Talwandi Sabo Power Ltd), Vedanta Oil & Gas Ltd (formerly Malco Energy Ltd), and Vedanta Iron and Steel Ltd — filed under Sections 230–232 of the Companies Act, 2013.
