Khaitan & Co advised Capillary Technologies and its promoter on filing the DRHP for its proposed IPO, comprising a fresh issue of up to INR 4,300 million and an offer for sale by certain shareholders.
Khaitan & Co advised CLR Facility Services Pvt Ltd (“CLR”) and its promoters on raising capital from British International Investment plc., for an overall deal value of ~ USD 15 million.
The Suit involved claims concerning copyright infringement, payment of royalties, and the grant of a perpetual assignment of copyright. Among the issues before the court were complex questions of law and fact that had not previously been adjudicated, particularly in the context of interpreting the provisions of the Copyright Act, as amended in 2012.
Khaitan & Co advised the Blackstone Group in its acquisition of South City Projects (Kolkata) Ltd (“SCPKL”) from its existing shareholders, comprising of Merlin Group, Sureka Group, Emami Group, JB Group, Shrachi Group and Rameswara Group. SCPKL houses the iconic “South City Mall” in Kolkata, West Bengal.
Khaitan & Co advised BatterySmart for its USD 29 million Series B1 funding round from Rising Tide, ResponsAbility, Ecosystem Integrity Fund and LeapFrog.
The role of Firm included assisting BatterySmart in drafting, negotiation, and finalisation of the transaction documents and providing closing related assistance.
Khaitan & Co acted as sole legal counsel to Max India Ltd in relation to issue of up to 82,81,973 fully paid-up equity shares of face value of INR 10 each of Max India Ltd (the “Rights Equity Shares”) for cash at a price of INR 150 per Rights Equity Share (including a premium of INR 140 per Rights Equity Share) aggregating up to INR 12,422.96 lacs on a rights basis to the eligible equity shareholders of Max India Ltd.
Khaitan & Co acted as legal advisors to Peak XV Partners in relation to redomiciling of Razorpay Inc. from US (i.e. Delaware incorporated entity) to India by way of (i) merger of Razorpay Inc., into and with Razorpay Software Pvt Ltd under the fast-track merger route, and a parallel (ii) demerger of the regulated businesses of Razorpay Software Pvt Ltd into Razorpay Payments Pvt Ltd under the fast-track demerger route.
Khaitan & Co Acted as legal advisors to Lightspeed India Partners III, LLC (“Lightspeed”), Matrix Partners India Investments IV, LLC; Matrix Partners India Investments IV-A LLC and Matrix Partners India IV AIF (collectively referred to as “Z47”) and RTP Global Partners III, L.P. (‘RTP’) in series B round of investment in Stable-Alpha Technologies Private Ltd (“Stable”).
Khaitan & Co advised JK Cement Ltd in relation to completion of its acquisition of 60% of the paid-up share capital of Saifco Cements Pvt Ltd by way of purchase of equity shares from the existing shareholders of Saifco, and subscription to fresh equity shares to be issued by Saifco to JK Cement Ltd, for which the transaction documents were executed in January 2025.
This transaction marks the entry of one of the biggest national cement players – JK Cement Ltd, in the region of Jammu and Kashmir, and is the first joint venture of the region in the cement sector.
Khaitan & Co advised and represented Hines Group through its group company Powai Lake Residential Pvt Ltd in its acquisition of development rights in respect of land admeasuring approximately 3.4 acres at Chandivali, Powai for developing a mixed used asset.
The transaction involved acquisition of development rights and also release and reconveyance of existing mortgage which was created by the erstwhile developer.
