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Sahajanand Medical Technologies Limited - Proposed initial public offering

Submitted by kcoadmin on Mon, 07/28/2025 - 17:25

Khaitan & Co acted as the legal counsel to the Book Running Lead Managers, i.e., Motilal Oswal Investment Advisors Ltd, Avendus Capital Pvt Ltd, HSBC Securities and Capital Markets (India) Pvt Ltd and Nuvama Wealth Management Ltd on the filing of the draft red herring prospectus by Sahajanand Medical Technologies Ltd, for the proposed initial public offering of its equity shares, comprising of an offer for sale by investors namely, Samara Capital Markets Holding Ltd, Kotak Pre-IPO Opportunities Fund, NHPEA Sparkle Holding B.V. and certain promoter and promoter group shareholders.

MetTube Group - Joint venture arrangement with Adani Enterprises for the copper tubs business

Submitted by kcoadmin on Fri, 07/25/2025 - 18:10

Khaitan & Co advised the MetTube Group (including MetTube Mauritius and MetTube Copper India) in its 50:50 joint venture arrangement with Adani Enterprises Ltd for the copper tubes business. Under the agreements, Adani Enterprises will divest a 50% stake in its wholly owned subsidiary, Kutch Copper Tubes Ltd, to MetTube.

Additionally, Adani Enterprises will invest 50% in MetTube Copper India Pvt Ltd, which is a wholly owned subsidiary of MetTube. Post-transaction, AEL and MetTube shall hold 50% each in Kutch Copper and MetTube Copper India.

Longcheer Intelligence Pte. Ltd - FDI approval

Submitted by kcoadmin on Fri, 07/25/2025 - 12:15

Khaitan & Co jointly advised Dixon Technologies (India) Ltd and Longcheer Intelligence Pte. Ltd in relation to the formation of a strategic joint venture in India between Dixon Technologies (India) Ltd and Longcheer Intelligence Pte. Ltd., as well as receipt of necessary approval under Press Note 3 of 2020, whereby Dixon will hold 74% and Longcheer will hold 26% of the total paid-up share capital of the joint venture company. 

Bambrew Plant Fiber Technology Private Limited - Fund raise

Submitted by kcoadmin on Fri, 07/25/2025 - 10:59

Khaitan & Co advised Bambrew Plant Fiber Technology Pvt Ltd in relation to fund raise by Bambrew Plant Fiber Technology Pvt Ltd ("Company") of approximately over USD 10 million in a round led by Ashok Goel Trust and Enrission India Capital. 

The Firm role includes assistance with preparation, negotiation and finalisation of transaction documents; facilitation of secondary transfers of exiting shareholders of the Company; closing assistance; and other ancillary advise to the Company in relation to the transaction.

HSquare Sports Private Limited - Investment round led by Sky Impact Capital and Physis Capital

Submitted by kcoadmin on Wed, 07/23/2025 - 18:27

Khaitan & Co advised HSquare Sports Pvt Ltd in relation to its investment round led by Sky Impact Capital and Physis Capital. The round also saw participation from, inter alia, Atrium Venture, Mahesh Bhupathi and Gaurav Kapur. The Firm was involved in reviewing, commenting and negotiating the term sheet, the shareholders agreement and the share subscription agreement.

 

Represented Inox India in a Supreme Court Ruling on Copyright vs Design Protection

Submitted by kcoadmin on Wed, 07/23/2025 - 10:42

Khaitan & Co represented Inox India Ltd. in a significant IP dispute before the Supreme Court of India concerning the overlap between copyright and design law in the context of engineering drawings used in cryogenic storage systems.

The case stemmed from a suit filed by Inox alleging copyright infringement and misuse of confidential information by Cryogas Equipment Pvt. Ltd. and LNG Express India Pvt. Ltd. While the Commercial Court in Vadodara rejected the suit under Section 15(2) of the Copyright Act, the Gujarat High Court allowed the matter to proceed to trial.

Firstsource Solutions UK Limited | Proposed 100% Acquisition of Pastdue Credit Solutions Limited

Submitted by kcoadmin on Tue, 07/22/2025 - 16:29

Khaitan & Co advised and assisted Firstsource Solutions UK Limited in relation to the proposed acquisition of 100% of the share capital of Pastdue Credit Solutions Limited, subject to regulatory approvals and the conditions set out in the definitive agreements for a total consideration of £22 million.

The Firm acted as the transaction counsel to Firstsource Solutions UK Limited and our responsibilities were as follows

(a) Drafting, negotiating, finalising and execution of the share purchase agreement; and

Kasturi Bhattacharya - Writ proceedings

Submitted by kcoadmin on Tue, 07/22/2025 - 16:26

Khaitan & Co advised the client-petitioner (standard IX girl) to prefer a writ petition before the High Court at Calcutta against Municipality’s communication dated 05.05.2025 rejecting her application seeking change of her surname from ‘Chatterjee’ to ‘Bhattacharya’. The petitioner was born in 2011 to Mr. Prasenjit Chatterjee and Ms. Kasturi Chatterjee during their wedlock and subsequently a birth certificate was issued in the name of ‘Atreyi Chatterjee’. However, the marriage was dissolved by decree of divorce in the year 2015.