Food Safety Bulletin 2025 - Issue 2
We are pleased to present our bi-annual Food Safety Bulletin, featuring monthly updates from February 2025 to June 2025.
Employment, Labour and Benefits
key
employment_labour_benefits
URL
/expertise/employment-labour-benefit
Milky Mist Dairy Food Limited - Proposed initial public offering
Khaitan & Co acted as the legal counsel to Milky Mist Dairy Food Ltd and its Promoters, Sathishkumar and Anitha, on the filing of the draft red herring prospectus for its proposed initial public offering of equity shares aggregating up to INR 20,350.00 million, comprising a fresh issue and an offer for sale.
Multiples Private Equity Fund - Acquisition of stake in VIP Industries Limited
Khaitan & Co Advised Multiples Private Equity Fund in relation to acquisition of control and stake of ~32% in VIP Industries Ltd ("Target Company") for an aggregate consideration of c. INR 1763 crores by Multiples Consortium. The Acquirer would be acquiring shares and control of the Target Company through (a) secondary acquisitions; (b) shareholder's arrangement; and (c) mandatory tender offer.
ESIC introduces Scheme to promote registration of Employers / Employees (SPREE)
The Employees State Insurance Corporation (ESIC) approved the Scheme to Promote the Registration of Employers / Employees (SPREE) to incentivize eligible employers to register their establishment and enrol their employees.
Sovos Compliance Limited - Acquisition of GST Application Service Provider Business from IRIS Business Services Limited
Khaitan & Co advised Sovos Compliance Ltd on acquisition of IRIS Business Services Limited’s GST Application Service Provider business through a carve-out of the business into IRIS Logix Solutions Pvt Ltd (a subsidiary of IRIS Business Services Ltd) and the subsequent acquisition of IRIS Logix Solutions Pvt Ltd. Deal closing is subject to fulfilment of Closing conditions.
The Firm advised Sovos Compliance Limited on the due diligence, structure of the transaction, drafting, negotiating, and finalisation of transaction documents, and assistance with closing.
Triton Fund II’s investment in Gyankaar Technologies Private Limited
Khaitan & Co advised Triton Fund II (Triton) with respect to its minority investment in Gyankaar Technologies Pvt Ltd (Company), in its Series A5 funding round.
PagarBook, an application operated by the Company, is a leading provider of HRMS solutions for SMBs, facilitating efficient management of staff attendance, salary processing, making payments and undertaking labour law compliances.
Factories (Gujarat Amendment) Ordinance, 2025: Key takeaways
With an intent to grant relaxation to the factories situated in Gujarat as regards work time regulations, thereby boosting economic activities, attracting investments and generating employment, the Labour, Skill Development and Employment Department of Gujarat promulgated the Factories (Gujarat Amendment) Ordinance, 2025 on 1 July 2025 (Ordinance).
Torrent Pharmaceuticals Limited - Acquisition of J.B. Chemicals and Pharmaceuticals Limited
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.
SLK Software Private Limited - Acquisition by TPG backed Altimetrik
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.