Khaitan & Co advised Baird Capital on Indian law aspects on its $53 million investment in EvoluteIQ, a native AI platform that can be used to automate end-to-end processes across any industry. The investment positions EvoluteIQ to accelerate its global expansion and cement its leadership in the enterprise-grade, agentic AI-led automation space.
Khaitan & Co advised Shyam SEL & Power Ltd in relation to acquisition of an additional 2.81 acres of land in Jamuria, Paschim Bardhaman, which shall enable it to expand its manufacturing unit.
The Firm role included drafting, negotiating and finalising the transaction document in as well as provided assistance in execution of transaction document.
Khaitan & Co advised Torrent Power on the acquisition of 100% share capital of NewZone Power Projects Pvt Ltd, 49% share capital of NewZone India Pvt Ltd and indirect acquisition of 51% of share capital of NewZone India Pvt Ltd. NewZone India Pvt Ltd is involved in the proposed development of a coal-based thermal power project located at Anuppur, Madhya Pradesh.
Khaitan & Co advised one of the Investors (Investor) in connection with one of India’s largest asset backed securitisation issuances, involving investment in pass through certificates (PTCs), backed by securitised receivables aggregating up to INR 21,000 crores, issued by three trusts, namely, Radhakrishna Securitisation Trust, Shivshakti Securitisation Trust and Siddhivinayak Securitisation Trust and listed on the BSE and NSE.
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 acquisition of a marquee 2.4 million sq. ft. office campus located in Porur, Chennai. The asset was acquired through a 100% buyout from Keppel Ltd at transaction value of approximately INR 2,550 crores, marking PRIME’s second acquisition and a significant milestone in its strategy to build a portfolio of future ready, high-quality, ESG-compliant office assets across India’s fastest-growing micro-markets.
Khaitan & Co advised Bessemer Venture Partners as the lead investor in the Series B round of Keyaro Edutech Pvt Ltd (Seekho.in).
Khaitan & Co represented a client before the NCLT, Kolkata Bench and the NCLAT, securing protection from liability over a disputed land asset by ensuring rejection of the resolution plan.
Khaitan & Co represented the Multiplex Association of India before the Karnataka High Court challenging the Karnataka Cinemas Regulation Amendment Rules 2025, that had introduced capping cinema ticket prices at INR 200. The Court stayed the amendment, pending further hearing on legislative competence, delegated powers and constitutional rights.
Khaitan & Co acted as legal counsel the book running lead managers (Axis Capital Ltd and IIFL Capital Services Ltd) as to Indian law in connection with the draft red herring prospectus filed by Purple Style Labs Ltd (Pernia’s Pop Up Shop) in relation to its proposed initial public offering of equity shares, comprising of a fresh issue of up to INR 6,600.00 million.
