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CEAT Limited - Acquisition of 'Camso' brand's Compact construction equipment tyre and tracks business from Michelin

Submitted by kcoadmin on Tue, 09/16/2025 - 11:36

Khaitan & Co advised CEAT Ltd in its acquisition of 'Camso' brand's Compact construction equipment tyre and tracks business from Michelin for a total consideration of USD 225 million. The acquisition includes global ownership of the 'Camso' brand along with manufacturing facility in Sri Lanka.

Siddhivinayak Group - Operation and management of a proposed hotel

Submitted by kcoadmin on Tue, 09/16/2025 - 11:31

Khaitan & Co advised a hotel owner in relation to the operation and management of a proposed hotel having about 120 keys under the brand of 'Spark by Hilton'. 

The brand 'Spark by Hilton’ is a premium economy hotel brand of Hilton Hotels and is presently licensed for management in India to ‘Olive by Embassy’. This deal marks the entry of Olive by Embassy in the Pune hospitality market. 

Nido Home Finance Limited - Public issue of non-convertible debentures

Submitted by kcoadmin on Tue, 09/16/2025 - 10:45

Khaitan & Co acted as legal advisors to Nido Home Finance Ltd (“Issuer”) for filing of the Draft Prospectus with the Securities and Exchange Board of India ("SEBI") and BSE Ltd ("BSE"), and filing of the Prospectus with the Registrar of Companies, Maharashtra at Mumbai, SEBI and BSE for the public issue of secured, redeemable, non-convertible debentures for a base issue of INR 1,000 million with a green shoe option up to INR 1,000 million aggregating up to INR 2,000 million. 

Lightspeed Venture Partners | Premji Invest | Series B1 Investment in Weaver Services Private Limited

Submitted by kcoadmin on Thu, 09/11/2025 - 10:51

Khaitan & Co acted as legal advisors to Lightspeed Venture Partners (through Lightspeed Venture Partners Select VI L.P.) as lead investor in the Series B1 round, and to Premji Invest (as existing lead investor making a follow-on investment), on their investments in Weaver Services Pvt Ltd, a technology-led housing finance platform focused on the affordable housing segment. 

HDFC Bank Limited - Grant of rupee facility to Maiva Lifesciences Private Limited and Maiva Pharma Private Limited

Submitted by kcoadmin on Tue, 09/09/2025 - 17:55

Khaitan & Co advised HDFC Bank Limited (“Lender”) on the grant of facility aggregating to INR 500 crores ("Rupee Facility"), with a non-fund based sublimit in form of letter of credit facility (“LC Facility”) as a sub-limit of the Rupee Facility (together the “Facility”), to Maiva Lifesciences Pvt Ltd (“Borrower”) and Maiva Pharma Pvt Ltd ("Co-Borrower") (together the "Borrowers") proposed to be utilized exclusively for the purpose of part financing the project cost or reimbursement of the estimated project cost incurred by the Borrower and towards making payments to the LC beneficiarie

Deutsche Bank AG, Morgan Stanley, JP Morgan, Barclays Bank Plc, Tata Capital, Aditya Birla Capital, Trust Investments - Issuance of NCDs by GMR Airports Limited

Submitted by kcoadmin on Tue, 09/09/2025 - 17:48

Khaitan & Co advised Deutsche Bank AG, Morgan Stanley, JP Morgan, Barclays Bank Plc, Tata Capital, Aditya Birla Capital, Trust Investments, and other investors (“investors”) in their subscription to the listed, non-convertible bonds aggregating to INR 5900 crores in two tranches of INR 1500 crore (“Tranche 1”) and INR 4400 crore (“Tranche 2”), issued by GMR Airports Limited, inter alia, for refinancing its existing debt.

Morgan Stanley India Company Pvt Ltd acted as sole arranger and structuring advisor to Tranche 1.

Electrosteel Castings Limited | Calcutta High Court extends the date for compliance with Renewable Consumption Obligation (RCO) targets

Submitted by kcoadmin on Tue, 09/09/2025 - 11:01

Khaitan & Co represented Electrosteel Group in a writ petition before the Calcutta High Court, challenging the Renewable Consumption Obligation framework. The Court extended the compliance deadline by one month and directed the Ministry of Power to clarify the treatment of Waste Heat and Waste Gas Recovery-based captive power plants. 

Advised all the Selling Shareholders on filing of the DRHP by OnEMI Technology Solutions Limited for the proposed IPO

Submitted by kcoadmin on Tue, 09/09/2025 - 01:08

Khaitan & Co acted as Indian legal counsel to all the Selling Shareholders in relation to initial public offering of equity shares of face value INR 1 each (“Equity shares”) of OnEMI Technology Solutions Ltd, comprising of a fresh issue aggregating to INR 10,000.00 million and an offer for sale of 8,879,575 Equity Shares by the Selling Shareholders.