Khaitan & Co advised and represented Orient Electric Ltd in connection with its acquisition of a premium real estate asset situated in a prime location in Kolkata, West Bengal, for an aggregate consideration of approximately INR 32 crores. The transaction involved advising on various legal aspects of the acquisition, including the conduct of title due diligence and preparation of the transaction documentation.
Khaitan & Co advised Brookfield Asset Management on the acquisition of a portfolio of 8 warehousing assets across multiple cities from ESR Group.
The Firm role included preparation of diligence reports and transaction documents, structuring of the transaction, and procurement of W&I insurance policy.
Khaitan & Co advised U M Cables Ltd (“U M Cables”), a wholly owned subsidiary of Usha Martin Ltd, on the sale of its optical fibre and related cable manufacturing and sales business to RR Kabel Limited (“RR Kabel”) through a slump sale.
Khaitan & Co acted as the legal adviser to Bling Brands Pvt Ltd, one of India’s fastest-growing sports and fitness companies, in relation to its raising of INR 400 crores in Series B funding from The Wealth Company Alternates Trust – Bharat Value Fund.
Khaitan & Co advised Vector Line Capital on its US$ 75 million investment in Tessolve Semiconductor Private Limited, a leading semiconductor engineering services company.
Khaitan & Co acted as Indian legal counsel to the promoter selling shareholders, i.e. JSW Steel Limited and JSW Cement Limited on the proposed initial public offering of JSW One Platforms Limited comprising of a fresh issue aggregating up to INR 13,000.00 million and an offer for sale aggregating up to INR 17,540.10 million.
Khaitan & Co advised ITOCHU Corporation in relation to acquisition of a portion of the equity securities of the Aegis Terminal (Pipavav) Ltd (the Target Company) from Aegis Vopak Terminals Ltd (the Seller) (the “Transaction”), through which ITOCHU Corporation will participate in the ammonia storage terminal business operated by the Target Company at Port Pipavav, Gujarat.
Khaitan & Co advised Balkrishna Industries Ltd (BKT) on their strategic agreement with Pirelli to capture opportunities in the Indian car tyre market. The partnership unites Pirelli’s high-end technological leadership with BKT’s local industrial positioning and strong presence.
Khaitan & Co advised Sumitomo Corporation in relation to acquisition of 49% equity shareholding in Clean Solar Power (Baniyana) Pvt Ltd (the “Target Company”), a subsidiary of HSEPL, which forms part of Hero Future Energies, the renewable energy business arm of the Hero Group (“Proposed Transaction”). Following completion of the proposed investment, Hero Solar Energy Pvt Ltd (“HSEPL”) will retain the remaining 51% equity shareholding in the Target Company.
Khaitan & Co advised ANTA Sports Products Ltd (“ANTA”) in obtaining Government approval under Press Note 3 of 2020 (“PN3”) in connection with its proposed indirect acquisition of 29.06% of the issued and outstanding share capital of PUMA SE (“PUMA”).
