Khaitan & Co advised and successfully represented the Jindal Steel Ltd (“JSL”) in contesting the demand of INR 153.55 Crores sought by the Chhattisgarh State Power Distribution Company Ltd.
Khaitan & Co advised Menwell Ltd (Voy) on the structuring-related aspects of the transaction from an Indian foreign exchange laws perspective, its 100% acquisition of Earlyfit Health Private Limited by way of a secondary purchase, and the raising of funds through external commercial borrowings.
Khaitan & Co advised TVS Supply Chain Solutions Ltd on the formation of a joint venture in India with the ALA Group, an Italy-based aerospace and defence supply-chain integrator, to address opportunities in India’s fast-growing aerospace and defence logistics sectors. TVS SCS will hold a 51% stake in the joint venture, while A.L.A S.p.A (through its subsidiary) will own the remaining 49%.
Khaitan & Co advised funds managed by American Industrial Partners in connection with their entry into definitive documents for the sale of MolyCop Group to Tega Industries in partnership with funds managed by Apollo Global Management and assisted with Closing of the India leg of the transaction i.e., sale of MolyCop India Pvt Ltd to Tega MC JV Holdings Pte. Ltd. MolyCop is a leading global supplier of grinding mediums for the mining industry.
Khaitan & Co advised B8 Fund I, the Info Edge Growth Fund, in respect of its investment in Yes Madam.
Khaitan & Co advised HFCL Ltd in relation to the preferential issue of 7,50,00,000 warrants convertible into 7,50,00,000 Equity Shares of face value of INR 1 each at a price of INR 74 per warrant aggregating to INR 555 crores to the Promoter and Promoter Group.
Khaitan & Co advised the seller, the President of India (acting through the Ministry of Coal, Government of India), on the offer for sale of 123,279,566 equity shares of Coal India Ltd through the stock exchange mechanism, aggregating approximately INR 5,549 Crores.
Represented and successfully defended SKS Ispat & Power Ltd and its directors before Special Judge (PC Act) (CBI) (Coal Block Cases), Rouse Avenue District Court, New Delhi in a criminal case registered by CBI alleging that the company and its promoters / directors criminally conspired and misrepresented to the screening committee under the Ministry of Coal and obtained allocation of coal block in favour of SKS Ispat & Power Ltd.
Khaitan & Co advised IIFL Finance Ltd in relation to the update of its existing USD 1 billion Global Medium Term Note Programme (GMTN Programme) on the IFSC Gift City stock exchanges (India INX and NSE IX). The notes which will be issued under this GMTN Programme will be issued in compliance with Rule 144A and Regulation S of the U.S. Securities Act, 1933. The Hongkong and Shanghai Banking Corporation Ltd, J.P.
Khaitan & Co advised Embio Ltd (“Embio”) in relation investment by True North, a leading private equity fund, in Embio.
The firm advised Embio Limited on all legal aspects of the transaction.
