Khaitan & Co Advised Grupo Antolin on the Indian law aspects of the sale of three Indian companies (Grupo Antolin India Pvt Ltd, Antolin Lighting India Pvt Ltd, and Grupo Antolin Chakan Pvt Ltd) to Shriram Pistons & Rings Ltd for ~EUR 159 million.
The Firm provided end-to-end transaction support, including transaction structuring, documentation, negotiations, closing-related assistance, and regulatory advice.
Khaitan & Co advised Firstsource Health Plans and Healthcare Services, LLC (a wholly owned subsidiary of Firstsource Solutions Ltd) in relation to 100% acquisition of TeleMedik, a Puerto Rico based pioneer in the development and implementation of technological solutions. Following the transaction, TeleMedik will become a subsidiary of Firstsource Health Plans and Healthcare Services, LLC and a step-down subsidiary of Firstsource Solutions Ltd.
Khaitan & Co advised National Engineering Industries Ltd (NEI), a part of the CKA Birla Group, in respect of its proposed investment for acquiring 30% stake in Ahamani EV Technology India Pvt Ltd (Ahamani India). Through this investment, parties intend to cater to the fast growing Indian and global drone market by leveraging NEI's local operating expertise and market position, the technical capability of Ahamani India and Ahamani Taiwan's innovative technology.
Khaitan & Co advised Bessemer Venture Partners in relation to its investment in the US$ 15 million Series A round of Beyoutiful Consumer Ventures Pvt Ltd (dba Moxie Beauty).
Khaitan & Co advised House Of Kieraya Ltd (Dba Furlenco) (Formerly House of Kieraya Pvt Ltd) in relation to its fund raise from White Oak Capital and existing investors such as Sheela Foam Ltd, by way of primary subscription.
The Firm role included assistance with the preparation, negotiation and finalisation of the transaction documents and other ancillary advise to the company in relation to the transaction.
Khaitan & Co advised Mr Shailendra Ajmera, the resolution professional (“RP”) of Supertech ORB Project Pvt Ltd (“Company”) along with Ernst & Young LLP, the Insolvency Professional Entity assisting the RP during the corporate insolvency resolution process of the Company (“CIRP”) which commenced on 13 October 2023 pursuant to the order passed by the Hon’ble National Company Law Tribunal, Allahabad (“Adjudicating Authority”).
Khaitan & Co advised the committee of creditors (“COC”) of Bhadreshwar Vidyut Pvt Ltd (“BVPL” or “Company”), during the corporate insolvency resolution process (“CIRP”) of the Company which commenced on 27 January 2020 pursuant to the order passed by the Hon’ble National Company Law Tribunal, Chennai Bench (“Adjudicating Authority”).
Khaitan & Co acted as the counsel to the issuer HFCL Ltd in relation to their Qualified Institutional Placement (QIP) aggregating to INR 550 crores.
Khaitan & Co advised Sensa Core Medical Instrumentation Pvt Ltd and its promoters, in relation to the USD 72 million investment by Motilal Oswal Alternates. This transaction represents one of the largest minority investments in the diagnostic consumables segment.
Khaitan & Co advised certain promoters of Stylam Industries Ltd (“SIL”) on sale of substantial shareholding in SIL (c. 40%) to Aica Kogyo Company Ltd. The deal inter-alia triggers a mandatory tender offer for an additional 26% stake in SIL
The Firm advised the members of the promoter and promoter group on structuring, negotiation and documentation for the Proposed Transaction.
