Khaitan & Co advised Capillary Technologies India Ltd and the Promoter Selling Shareholder (Capillary Technologies International Pte. Ltd.) in relation to the IPO aggregating to ₹8,775.01 million, comprising of a fresh issue aggregating to ₹3,450.00 million and an offer for sale by the selling shareholders aggregating to ₹5,325.01 million.
Khaitan & Co Advised Aranda Investments Pte. Ltd. and Macritchie Investments Pte. Ltd. (Temasek entities) on corporate and IPO related aspects in connection with the sale of equity shares held by the Temasek Entities, in the IPO of Pine Labs. Ltd
Khaitan & Co acted as the Indian legal counsel to RateGain Travel Technologies, a global provider of AI-powered SaaS solutions for the hospitality and travel industry, on (a) its acquisition of Sorjun Inc., a US-based technology company, in an all-cash deal for US$250 million; and (b) raising acquisition financing of US$125 million from HSBC and Citibank.
Khaitan & Co advised R Systems International Ltd (a portfolio company owned by Blackstone group in relation to the acquisition financing by way of issuance of listed, unsecured, non-convertible debentures aggregating up to INR 275 crores to Standard Chartered Bank, through its IFSC Gift City branch, on a private placement basis. for acquisition of 100% of the equity shares of Novigo Solutions Pvt Ltd from its existing promoters. Standard Chartered Bank also acted as an arranger for this transaction.
Khaitan & Co advised Ashra Private Equity Fund (a scheme of Shepherds Hill Private Equity Trust) on participation in the Series C1 round issued by Buildwealth Technologies Pvt Ltd (dba Wealthy).
Khaitan & Co represented Astanor Ventures in its investment in the Series A funding round of USD 22 million in Farmjunction Marketing Private Limited (d/b/a Tractor Junction) in which InfoEdge Ventures and Omnivore also participated.
The Firm role included conducting due diligence, drafting and negotiating transaction documents on behalf of Astanor.
Khaitan & Co advised and assisted Jindal Power Ltd on securing an unconditional approval from the Competition Commission of India for its proposed acquisition of Jaiprakash Associates under the ongoing CIRO process.
Khaitan & Co acted as legal counsel the book running lead managers, JM Financial Ltd, Axis Capital Ltd, Citigroup Global Markets India Pvt Ltd and HSBC Securities and Capital Markets (India) Pvt Ltd as to Indian law in connection with the initial public offering of 90,680,100 equity shares by Tenneco Clean Air India Limited aggregating to Rs. 36,000 million comprising an offer for sale of equity shares by Tenneco Mauritius Holdings Ltd.
Khaitan & Co advised Ashra Pvt Equity Fund (a scheme of Shepherds Hill Pvt Equity Trust) on leading the Series A round in Raina Industries Pvt Ltd.
Raina Industries operates in the fibre and textile reinforced materials technology sector and is engaged in the business of manufacturing glass reinforced concrete facades and street furniture to customers in the construction industry.
Khaitan & Co advised Ashra Pvt Equity Fund (a scheme of Shepherds Hill Pvt Equity Trust) in relation to investment in F2P Sports Pvt Ltd.
