Khaitan & Co advised and represented Tomcar Holding Company LLC on its joint venture with JSW Sarbloh Motors Pvt Ltd to manufacture and assemble the Tomcar TX range of tactical all-terrain vehicles (ATVs) in India, with a focus to cater to Indian defence requirements and also supply the products to other left-hand drive and right-hand drive markets in Asia and beyond.
Khaitan & Co acted as Indian legal counsel to the issuer, Vikram Solar Ltd and the promoter selling shareholders namely, Gyanesh Chaudhary and Vikram Capital Management Pvt Ltd in relation to initial public offering of equity shares by Vikram Solar Ltd.
The offer comprises of a fresh issue of INR 15,000.00 million and offer for sale of 17,450,882 equity shares by the selling shareholders, including an offer of 6,000,000 equity shares by Gyanesh Chaudhary, an offer of 1,500,000 by Vikram Capital Management Pvt Ltd and an offer of 9,950,882 equity shares by Anil Chaudhary.
Khaitan & Co advised ISKCON in its acquisition of premium residential property in Ballygunge, Kolkata from Navneel Ispat Pvt Ltd.
Khaitan & Co advised Edelweiss Financial Services Ltd, Edelweiss Asset Management Ltd, and Edelweiss Trusteeship Company Ltd on WestBridge Capital’s proposed acquisition of a 15% stake in each of Edelweiss Asset Management Ltd (i.e., the asset manager of Edelweiss Mutual Fund) and Edelweiss Trusteeship Company Ltd (i.e., the trustee of Edelweiss Mutual Fund), for a consideration of INR 450 crores (approximately USD 51.4 million).
Khaitan & Co represented TPG Growth in its $150 million investment in Tessolve, a leading semiconductor engineering services company. Founded in India in 2004, Tessolve was acquired by Hero Electronix in 2016.
Tessolve is a partner to 18 of the world’s top 20 semiconductor firms and employs over 3,500 engineers across offices. Tessolve plans to use the funds to strengthen global delivery centres, expand advanced test labs, and enhance its end-to-end semiconductor engineering capabilities.
Khaitan & Co advised Mr Rakesh Gangwal and The Chinkerpoo Family Trust on the sale of 1.96% stake, valued at approximately USD 500 million (approximately INR 4,420 crores) in InterGlobe Aviation Ltd.
Khaitan & Co represented and assisted PS Group in structuring the framework for the development of an industrial and logistics project over 21 acres of land, having a potential for development of 1.8 million square feet of built-up space, along with the drafting, vetting, finalisation and execution of all transaction documents in relation to such development as well as being the designated project advocate for the said project.
Khaitan & Co advised Molbio Diagnostics Ltd on filing the DRHP for its proposed IPO comprising a fresh issue and an offer for sale of equity shares.
Khaitan & Co advised Zydus Wellness on the transaction, including the structuring and documentation for the transaction, with assistance from Bird & Bird, United Kingdom.
Khaitan & Co advised Blackstone portfolio company, R Systems International Ltd (RSIL), in relation to acquisition of 100% of the equity share capital of Novigo Solutions Pvt Ltd ("Novigo"), upon completion on the condition precedents set out in the documents.
