Khaitan & Co advised Aditya Birla Renewables Ltd on its acquisition of Sprng Energy from Shell Overseas Investments B.V., a wholly owned subsidiary of Shell plc. Valued at USD 1.8 billion, the transaction is among the largest transactions in India's renewable energy sector, reinforcing Aditya Birla Renewables' position in the country's clean energy transition.
Khaitan & Co advised British Telecommunications Plc (BT Group) on the Indian law aspects of the separation of the respective international businesses of BT Group and Verizon Communications Inc (Verizon) to form a 50:50 joint venture.
Khaitan & Co advised Triton Fund II (Triton) with respect to its minority investment in Scikiq Data Pvt Ltd (Company), in its Series A funding round (Transaction).
Legal, Policy and Market Developments
Khaitan & Co advised FMC Corporation on its divestment of India crop protection commercial business to Crystal Crop Protection Limited for a total consideration of USD 252 million.
On 26 April 2026, the Indian Computer Emergency Response Team (CERT-In) issued an advisory titled, “Defending Against Frontier AI Driven Cyber Risks” (Advisory), categorised as high severity.
Khaitan & Co is representing Amneal Pharmaceuticals, LLC (Amneal) as India counsels, alongside Simpson Thacher & Bartlett LLP in relation to its announced agreement to acquire 100% of Kashiv Biosciences LLC ("Kashiv"), a vertically integrated biopharmaceutical company incorporated in the United States of America, with 2 (two) subsidiaries in India (namely, Kashiv Biosciences Pvt Ltd and Kashiv Research Pvt Ltd), in a transaction with consideration that includes USD 375 million of cash and USD 375 mill
Khaitan & Co acted as the lead counsel to Federal Bank on the acquisition of a segment of Standard Chartered Bank’s Indian credit card portfolio. The Firm played a key role in structuring and executing the transaction, including undertaking legal due diligence on the portfolio, advising on complex legal and regulatory considerations, leading negotiations, and drafting and finalising the transaction documents.
RBI Department of Supervision, through its Cyber Security and IT Risk Group, has issued Advisory No. 3/2026 dated 25 March 2026 on best practices relating to customer data protection (the "Advisory").
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.
