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Samvardhana Motherson International Limited - Issuance of listed NCDs

Submitted by kcoadmin on Mon, 07/07/2025 - 18:19

Khaitan & Co advised Samvardhana Motherson International Ltd in connection with its issuance of listed non-convertible debentures, aggregating up to INR 2025 crores, bearing a coupon of 6.80% p.a. payable annually with a tenure of 5 years, on a private placement basis (“Issue”). The Issue has been assigned “AAA / Stable” ratings by various credit rating agencies. SBI Capital Markets Limited played a pivotal role as sole arranger and anchor investor to the Issue.

Torrent Pharmaceuticals Limited - Acquisition of J.B. Chemicals and Pharmaceuticals Limited

Submitted by kcoadmin on Mon, 07/07/2025 - 18:05

Khaitan & Co advised Torrent Pharmaceuticals Ltd on its proposed acquisition of a stake in J.B. Pharma from KKR, valuing J.B. Pharma at INR 25,689 crores. The deal includes acquisition of KKR’s 46.39% stake in J.B. Pharma for INR 11,917 crores, an open offer for acquisition of up to 26% stake of J.B. Pharma, a potential 2.80% stake purchase from certain employees and a proposed merger of J.B. Pharma with Torrent. 

Galderma Holdings S.A. - John Doe order

Submitted by kcoadmin on Mon, 07/07/2025 - 17:42

Khaitan & Co advised Galderma Holdings S.A., acting in India through Galderma India Pvt Ltd (‘Galderma’) which has been facing significant challenges due to the increase in sale of counterfeit goods bearing its trademarks ‘CETAPHIL’, on the e-commerce platforms as well as in local markets. On 18 June 2025, the Bombay High Court granted Galderma a John Doe order, which allowed Galderma to conduct search and seizure operations. Following the order, Galderma’ and Khaitan & Co.

Concentrix Daksh Services India Private Limited - Dispute with Triller Inc.

Submitted by kcoadmin on Mon, 07/07/2025 - 15:08

Khaitan & Co successfully advised and represented, Concentrix Daksh Services India Pvt Ltd (“Concentrix”) in a commercial suit before the Commercial Court, Gurugram District Court and secured a favourable money decree against Triller Inc. (“Triller”), a US-based technology company, in less than 2 years. The dispute arose from a Customer Agreement and Scope of Work under which Concentrix had been providing content moderation services to Triller and failure of Triller to pay outstanding service charges.

Credit Agricole Corporate and Investment Bank - Term loan facility

Submitted by kcoadmin on Fri, 07/04/2025 - 18:01

Khaitan & Co acted as the legal counsel to Credit Agricole Corporate and Investment Bank in relation to a term loan facility aggregating up to INR 250 crores extended to Greenko RJ01 IREP Pvt Ltd for funding project costs.

The Firm acted as the lender’s legal counsel and had the primary role of: (i) drafting, negotiating and finalizing the financing documents; (ii) assisting in completion of the conditions precedent/ conditions subsequent; and (iii) execution assistance and closing of the transaction.

Temasek International Pte. Ltd. - Filing the draft red herring prospectus by Pine Labs Limited

Submitted by kcoadmin on Wed, 07/02/2025 - 17:50

Khaitan & Co advised Aranda Investments Pte. Ltd. and Macritchie Investments Pte. Ltd. (Temasek entities) on corporate and IPO related aspects in connection with the filing the draft red herring prospectus by Pine Labs Limited for the proposed IPO comprising of a fresh issue aggregating INR 26,000.00 million and an offer for sale of equity shares.

The IPO filing was achieved after successful reverse flip of Pine Labs to India.