Khaitan & Co acted as legal counsel to Peak XV Partners Growth Investments IV (formerly Sequoia Capital India & SEA) (“Peak XV”) on its investment of approximately USD 28 million in the Series C funding round of Intellihealth Solutions Private Limited (“Truemeds”).
The Firm also advised Info Edge Venture Fund on its follow-on investment in the same round.
Khaitan & Co Acted as legal counsel to the book running lead managers as to Indian law in connection with the proposed IPO by the Brookfield Group backed Clean Max Enviro Energy Solutions, consisting of a fresh issue and an offer for sale aggregating up to INR 52,000 million.
Khaitan & Co acted as advisor to JSW Cement Ltd (the "Company") as to Indian Law in relation to the initial public offering of equity shares of the Company aggregating up to INR 36,000 million, including a fresh issue of equity shares aggregating up to INR 16,000 million and an offer for sale of equity shares by AP Asia Opportunistic Holdings Pte. Ltd, Synergy Metals Investments Holding Ltd and State Bank of India, aggregating up to INR 20,000 million.
Khaitan & Co acted as the domestic legal counsel to the Book Running Lead Managers, i.e., Kotak Mahindra Capital Company Ltd, Axis Capital Ltd, BofA Securities India Ltd, ICICI Securities Ltd, IIFL Capital Services Ltd, JM Financial Ltd, Morgan Stanley India Company Pvt Ltd and SBI Capital Markets Ltd in relation to initial public offering of 480,000,000 Units for cash at a price of INR 100 per Unit aggregating to INR 48,000 million by the Knowledge Realty Trust.
Khaitan & C0 acted for and advised Ashwin Sheth Group in carrying out title due diligence in relation to their acquisition of development rights from MHADA in respect of land admeasuring 4.05 acres in Goregaon West. This project is part of the redevelopment of Patra Chawl, located in Siddharth Nagar area of Goregaon, Mumbai.
Khaitan & Co acted as legal advisors to ChrysCapital Advisors LLP in relation to investment of approximately INR 480 crores by ChrysCapital and 360 One in the Series D funding round of Comfort Grid Technologies Private Limited (“The Sleep Company”) through primary investment and secondary acquisition.
The Firm assisted with (i) conducting due diligence on The Sleep Company; (ii) negotiations and closing of the transaction for ChrysCapital’s investment in the Series D round of The Sleep Company.
Khaitan & Co acted as counsel to National Securities Depository Ltd (the "Company") as to Indian Law in relation to the initial public offering(“IPO”) of equity shares of the Company through an offer for sale of up 50,145,001 equity shares by IDBI Bank Ltd, National Stock Exchange of India Ltd, Union Bank of India, State Bank of India, HDFC Bank Ltd and Administrator of the Specified Undertaking of the Unit Trust of India aggregating to INR 40,110.00 million. The NSDL IPO was subscribed 41.01 times.
Khaitan & Co advised Axight Capital (an investment vehicle managed by Lunate group and backed by ADQ) on all aspects of its acquisition of ~10% stake in Aadhar Housing Finance Ltd, an independent affordable housing finance company, from Blackstone, one of the world’s largest alternative asset manager for a total consideration of ~USD 225 million.
The Firm role included structuring, diligence and documentation for the transaction.
Khaitan & Co advised Japan Bank for International Cooperation (JBIC) in relation to a loan facility extended to State Bank of India acting through their branch in GIFT City, Gujarat. The loan was co-financed by Mizuho Bank, Sumitomo Mitsui Banking Corporation (SMBC) and the Bank of Yokohama, Ltd. The proceeds will be utilised by State Bank of India to finance lending programs to foster the development of eligible automotive component enterprises, automotive dealers, automotive financers and EV (electric vehicle) charging station developers and projects in India.
