Khaitan & Co acted as the sole Indian law legal counsel to MUFG Bank Ltd and Sumitomo Mitsui Banking Corporation in connection with a short-term loan facility of INR 250 crores (with letter of credit, overdraft facility and purchase invoice facility as sub-limits) extended to AM Green (India) Pvt Ltd. The proceeds of the financial assistance shall be utilised, inter alia, towards costs and expenses of earmarked projects. 

Khaitan & Co advised Axis Commercial Real Estate Fund and Tishman Speyer on their strategic partnership with Kasturi Housing to jointly develop a Grade-A commercial and IT office project in Balewadi, Pune.  

Khaitan & Co represented Noida Power Company Ltd before the Appellate Tribunal for Electricity in its tariff appeals for FY 2018–19 (truing-up) and 2020–21 (ARR), securing a favourable impact of INR 300 – 400 crores. 

The Tribunal set aside findings of the UPERC tariff order and provided clarifications on various tariff principles and components, including, O&M costs, GST, financing cost of delayed payment surcharge, treasury income and non-tariff income.

Khaitan & Co advised Nuvoco Vistas Corporation in relation to acquisition by Nuvoco Vistas Corporation of Algebra Endeavour Pvt Ltd (along with its subsidiary Vadraj Energy (Gujarat) Ltd) from JSW Cement Ltd and Alpha Alternatives Holdings Pvt Ltd for a total consideration of INR 200 crores. 

The Firm represented Nuvoco Vistas Corporation in entire acquisition, including due diligence and negotiations of the documentation.

Khaitan & Co advised Barclays Bank PLC in relation to subscription of listed, secured, non-convertible debentures with a base issue of INR 900 crores with a green shoe option of up to INR 500 crores issued by SMFG India Credit Company Ltd (a wholly owned subsidiary of Sumitomo Mitsui Financial Group, Inc.) on a private placement basis. 

Khaitan & Co advised PCBL Chemical Ltd in relation to the (1) preferential issue of 1,60,00,000 Warrants at a price of INR 280 per Warrant aggregating to INR 448.00 crores to the Promoters and (2) exercise of 1,60,00,000 Warrants into 1,60,00,000 Equity Shares of face Value of INR 1 each at a price of INR 280 per Warrant aggregating to INR 448.00 crores.

Khaitan & Co advised Visa Steel Ltd in relation to the preferential issue of 5,00,00,000 Warrants convertible into 5,00,00,000 Equity Shares of Face Value of Rs. 10 each at a price of Rs. 40 per Warrant aggregating to Rs. 200 Crores to the Promoters.

Khaitan & Co advised CBRE Group, Inc. in relation to acquisition of Pearce Services LLC, a leading provider of advanced technical services for digital and power infrastructure, from New Mountain Capital. The initial purchase price is approximately $1.2 billion in cash plus a potential earn-out of up to $115 million, subject to Pearce meeting certain performance thresholds in 2027. 

The Firm assisted Sullivan & Cromwell with respect to the due diligence, review of transaction documentation, regulatory advisory, and overall transaction advisory.

Khaitan & Co advised Mr Boman Rustom Irani, Mr Percy Sorabji Chowdhry, and Mr Chandresh Dinesh Mehta. (the "Promoters") and Avendus Capital Pvt Ltd, Spark Institutional Equities Pvt Ltd and Motilal Oswal Financial Services Ltd (Brokers) in relation to the sale of 45,76,000 equity shares of Keystone Realtors Ltd through an Offer for Sale of Equity Shares by the Promoters through the stock exchange mechanism aggregating to INR 252 crores.