Employment, Labour and Benefits

Khaitan & Co successfully represented Hexaware Technologies Ltd before the Central Government Industrial Tribunal No.

Khaitan & Co advised Becton Dickinson and Company, one of the largest global medical technology companies, in relation to the spin-off of its biosciences and diagnostic solutions business for an ultimate sale to Waters Corporation. This was part of the global spin-off of Becton Dickinson and Company’s biosciences and diagnostic solutions business. 

Khaitan & Co advised Everstone Capital on its partnership with the founding promoters of Apothecon Pharmaceuticals Pvt Ltd (India) and Navinta III Inc.

Khaitan & Co advised Nexusmalls Whitefield Pvt Ltd, an affiliate of Blackstone Inc. and a SPV of Nexus Select Trust in relation to its proposed acquisition of Super Diamond Enterprises, post its restructuring and hiving of unrelated business. Super Diamond Enterprises owns and operates the popular ‘Diamond Plaza’, mall in Kolkata.

Khaitan & Co advised RSB Transmissions on its proposed acquisition of approximately 76% in Setco Auto Systems Pvt Ltd (SASPL) from Setco Automotive Ltd (SAL) and India Resurgence Fund (India RF), along with a further subscription by RSB at closing to support repayment of SASPL’s existing debt. The transaction closing is subject to customary consents and approvals.

Khaitan & Co advised DWS Group GmbH & Co. KGaA (“DWS”) in relation to its proposed acquisition of 40% of Nippon Life India AIF Management Ltd (“NAIF”), currently a wholly owned subsidiary of Nippon Life India Asset Management Ltd (“NAMI”) for a consideration of approx. INR 733 crores by subscribing to equity shares to be issued by NAIF by way of preferential allotment (“Proposed Transaction”).

Khaitan & Co advised VINCI Highways, a subsidiary of VINCI Concessions, in relation to 100% acquisition of the Safeway Concessions by Concessoc 41 (part of VINCI Concessions) from Macquarie Asia Infrastructure Fund 2, managed by Macquarie Asset Management. Safeway Concessions platform comprises of nine toll road assets across Andhra Pradesh and Gujarat, totalling nearly 700 km along with an integrated O&M entity.  Completion is subject to customary conditions and regulatory approvals.

Khaitan & Co advised the Bangkok headquartered Indorama Ventures on acquisition of majority control of Blackstone owned EPL Ltd by amalgamation of Indorama’s offshore packaging business with EPL India, resulting in estimated valuation of USD 2 Billion in the combined entity.