Khaitan & Co advised Apollo Management Singapore Pte. Ltd. in relation to issuance of investment grade USD denominated notes aggregating to USD 750 million by Mumbai International Airport Ltd, an Adani group company, with an option of further issuance of USD 250 Million. The subscribers of the Notes included funds managed by Apollo Global, Blackrock, SCB, and Metlife.
Khaitan & Co advised 360 One Alternates Asset Management Limited in relation to investment of approximately INR 700 crores in Knowledge Realty Trust, a Blackstone-backed REIT, as part of its INR 1400 crores pre-IPO fundraise.
The Firm drafted, negotiated and finalised transaction document including warrants subscription agreement, share purchase agreement and the strategic investor unit subscription agreement.
Khaitan & Co advised Mazagon Dock Shipbuilders Ltd in relation to acquisition of a majority stake in Colombo Dockyard PLC ("CDPLC"), an entity listed on the Colombo Stock Exchange for a total consideration of USD 52.96 million. The majority stake in CDPLC will be acquired by Mazagon, through a combination of primary subscription and secondary acquisitions from the shareholders of CDPLC (including Onomichi Dockyard Co. Ltd., a majority shareholder of CDPLC).
Khaitan & Co advised JSW Paints Ltd in relation to a transaction for acquisition of a stake up to 74.76% in Akzo Nobel India Ltd (ANIL) from Akzo Nobel N.V. and its affiliates for a consideration of ~INR 9,403 crores, subject to certain closing adjustments ("Proposed Transaction"). The Proposed Transaction is subject to the approval of the Competition Commission of India and the completion of a mandatory tender offer to the public shareholders of ANIL.
Khaitan & Co advised SLK Software Pvt Ltd (“SLK”) and its promoters on its acquisition by TPG backed Altimetrik. The transaction closure is subject to customary conditions.
The Firm advised on the deal structuring process, vendor legal due diligence, drafting, negotiation and finalization of definitive documents.
Khaitan & Co advised ABC Impact (a member of Temasek Trust Asset Management) on leading the INR 431 crores round of investment in Vistaar Financial Services Pvt Ltd, through its fund, IMP2 Catalyst Pte Ltd.
The Firm (a) assisted in the negotiation and finalisation of the transaction documents; and (b) conducted a legal due diligence on Vistaar Financial Services Pvt Ltd.
Khaitan & Co advised the Book Running Lead Managers - JM Financial Ltd, Axis Capital Ltd., Citi India and HSBC Securities and Capital Markets India on filing the DRHP by Tenneco Clean Air India for its proposed IPO.
Khaitan & Co advised Credila Financial Services Ltd on filing the Updated Draft Red Herring Prospectus – I in connection with its proposed initial public offering aggregating to ₹50,000.00 million comprising of a fresh issue aggregating up to ₹30,000.00 million and an offer for sale aggregating up to ₹20,000.00 million.
Khaitan & Co advised the Book Running Lead Managers - JM Financial Ltd, IIFL Capital Services Ltd and Nuvama Wealth Management on an INR 4,996 million IPO of ArisInfra Solutions. This included a pre-IPO placement of equity shares aggregating to INR 800 million.
Khaitan & Co advised Insight Partners on its investment in Open Destinations – Rail.
