Khaitan & Co advised Prime Offices Fund (PRIME), a commercial real estate focused fund managed by Nuvama and Cushman & Wakefield Management Pvt Ltd (NCW), in its joint venture with Keppel Ltd through the acquisition of 51% stake in ‘TenSteps’, a 1.1 million sq. ft., grade A+ commercial office asset located in Pune.
Khaitan & Co advised Godrej Properties Ltd on acquisition of prime 5 acres land parcel located off EM Bypass, Kolkata, with an estimated revenue potential of INR 1650 crores.
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Khaitan & Co advised Stonepeak Partners LLC on the proposed acquisition of Castrol Group Holdings Ltd from BP plc. (Seller), in a transaction valuing the Castrol business at an enterprise value of ~USD 10 billion. The Seller will retain a 35% non-controlling interest as part of the transaction.
Khaitan & Co successfully represented Nuvoco Vistas Corporation Ltd (“NVCL”) (successful resolution applicant) in securing the discharge of Vadraj Cement Ltd (“VCL”) in proceedings under the Prevention of Money Laundering Act, 2002 (“PMLA”) arising from the IL&FS Financial Services Ltd. money laundering matter.
Khaitan & Co acted as the transaction counsel in relation to the maiden issue of listed, secured, rated, redeemable, non-cumulative, non-convertible debentures (“Debentures”) aggregating to INR 1000 crores in two series, on a private placement basis (“Issue”) by Shriram Pistons & Rings Ltd (“Issuer”).
Khaitan & Co advised The Magnum Ice Cream Company group in relation to the mandatory open offer for acquisition of up to 26% stake from the public shareholders of Kwality Wall's (India) Ltd (KWIL). KWIL’s shares were listed on the Indian stock exchanges on 16 February 2026 post the demerger of the ice cream business undertaking of Hindustan Unilever Ltd into KWIL.
Khaitan & Co advised Texmaco Rail & Engineering Ltd (TREL) in relation to a joint venture arrangement between TREL and Rail Vikas Nigam Ltd (RVNL), with TREL and RVNL holding a 49:51 stake respectively. This joint venture has been formed between the parties to boost India’s rail manufacturing capabilities for development of India’s next-generation rolling stock viz. freight, locomotive, passenger, and metro systems and to increase India’s footprint in global railway infrastructure market.
Khaitan & Co acted as legal advisor to Ambuja Housing and Urban Infrastructure Company Ltd in relation to the regulatory and RERA-compliant structuring of its real estate development project, The Park Unizen. The firm undertook the drafting of key transactional documents, including the Agreement for Sale and the Deed of Conveyance, ensuring adherence to mandatory disclosure and transfer requirements under the RERA regime.
Khaitan & Co advised Numaligarh Refinery Ltd on drafting and finalisation of the complete tender suite and green hydrogen purchase agreement for selection of bidder on international competitive bidding basis for development of green hydrogen generation unit (on a build, own and operate basis) for supply of gaseous green hydrogen to the refinery at Numaligarh, Assam.
