Khaitan & Co advised consortium comprising of Aditya Birla Group, Times of India Group, Bolt Ventures and Blackstone on the proposed acquisition of Royal Challengers Sport Pvt Ltd from United Spirits Ltd, in a transaction valuing the business at ~USD 1.8 billion.
Khaitan & Co advised Poggipolini S.p.A on its strategic acquisition of majority stake in Aero Fasteners Pvt Ltd. Through this partnership, the parties intend to strengthen local capabilities to design and manufacture advanced engineered products in India and cater to the Indian aerospace and defence ecosystem.
Khaitan & Co advised Ecofy Finance Pvt Ltd, Green Growth Equity Fund (GGEF) and Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. (FMO) on Ecofy Finance Pvt Ltd’s fundraise from British International Investment PLC (BII), FinnFund Digital Access Impact Fund I LP, GGEF and FMO.
Khaitan & Co advised Weaver Services Pvt Ltd on completing the acquisition of 75.01% stake in Centrum Housing Finance Limited from Centrum Capital Limited and certain other shareholders; and entering into binding agreements with Morgan Stanley Private Equity Asia for the acquisition of the remaining 24.99% stake.
In a notable development, the Government of Gujarat has brought into force, the Gujarat Shops and Establishments (Regulation of Employment and Conditions of Service) (Amendment) Act, 2026 (Gujarat S&E Amendment Act 2026) through a notification in the Official Gazette on 27 February 2026.
Khaitan & Co advised Stonepeak Partners LLC on the proposed acquisition of Castrol Group Holdings Ltd from BP plc. (Seller), in a transaction valuing the Castrol business at an enterprise value of ~USD 10 billion. The Seller will retain a 35% non-controlling interest as part of the transaction.
Khaitan & Co advised a consortium of resolution applicants comprising Oberoi Realty Ltd, Shree Naman Developers Pvt Ltd, and JM Financial Properties and Holdings Ltd in relation to legal due diligence, title due diligence and submission of resolution plan for Hotel Horizon Pvt Ltd under the Corporate Insolvency Resolution Process (CIRP).
Khaitan & Co advised Smartcoin Financials Pvt Ltd (Olyv) on their Series C round of funding of INR 207 crores from The Fundamentum Partnership – Fund II and SMBC Asia Rising Fund.
The Firm (a) advised on the structuring related aspects of the transaction; (b) assisted in the negotiation and finalisation of the transaction documents; and (c) conducted a vendor due diligence on Smartcoin Financials Pvt Ltd and its subsidiaries.
