Khaitan & Co advised Advent International on the sale of Encora Holdings to Coforge Ltd at a value of USD 2.35 billion. 

Khaitan & Co advised the Broker i.e., Goldman Sachs (India) Securities Pvt Ltd in relation to the Offer for Sale of equity shares of Indian Overseas Bank held by the President of India, acting through the Department of Financial Services, Ministry of Finance, Government of India, through the stock exchange mechanism.

Khaitan & Co acted as legal counsel the book running lead managers (JM Financial Ltd, Axis Capital Ltd, IIFL Capital Services Ltd, SBI Capital Markets Ltd and 360 One Wam Ltd) as to Indian law in connection with draft red herring prospectus filed by the Blackstone Group owned Horizon Industrial Parks Ltd in relation to its proposed initial public offering of equity shares aggregating up to INR 2,600 million. 

Khaitan & Co acted as legal counsel to Reliance Consumer Products Ltd (RCPL), the FMCG arm of Reliance Industries Ltd, in connection with the acquisition of the 75-year-old legacy foods brand SIL from Sil Food India Pvt Ltd, and the subsequent relaunch of the brand. 

Khaitan & Co acted as the legal counsel for the promoter of Shriram Finance Ltd, the Sanlam Group, in relation to the preferential issuance of USD 4.4 Billion to MUFG. 

Khaitan & Co acted as the legal adviser to Jayaswal Neco Industries Ltd (“Company”) in relation to refinancing of debentures of the Company held by funds managed by Kotak Alternate Asset Managers Ltd, EAAA India Alternatives Ltd and Allianz Global Investors with Vistra (ITCL) India Ltd acting as the debenture trustee.

Khaitan & Co successfully advised and represented KEC International Ltd in a Writ Petition before the Hon’ble Gauhati High Court, Itanagar Bench, seeking a refund of tax assessments for the assessment periods of 2015-16 to 2017-18 and interest on the delayed payment of refund for the AY 2013-14 and 2014-15, as per the provisions of the Arunachal Pradesh Goods Tax Act, 2005 (‘Act’).

Khaitan & Co advised Saregama India Ltd on its strategic investment in Bhansali Productions, founded by Sanjay Leela Bhansali, through the subscription to compulsory convertible preference shares for a consideration of INR 325 crores, including advice on the terms of conversion. As part of the transaction, the former will acquire ownership of all music rights created and produced by the latter.  

Khaitan & Co advised Gujarat Fluorochemicals Ltd (GFL) and its subsidiary, GFCL EV Products Ltd (GFCL EV), on an investment of ~USD 50 million from the International Finance Corporation (IFC) in GFCL EV. This marks IFC’s first investment in India’s battery-materials sector and supports the development of India’s first integrated battery materials manufacturing facility by GFCL EV.

The transaction is aimed at strengthening domestic manufacturing capabilities for advanced battery materials, and enhancing India’s position in the global battery-materials supply chain.

Khaitan & Co acted as legal advisors for responsAbility, a Europe-based private equity fund, FMO, a Netherlands based fund and Incofin Foundation, a Belgium based foundation in their acquisition of minority stake in Ace International Ltd (parent of Mahaan Milk Foods Ltd), a North India-based dairy products exporter as a part of equity funding round from impact investors to enhance its production and procurement capabilities.