Khaitan & Co advised Persistent Systems on the acquisition of up to 100% stake in Nagarro SE through a combination of the acquisition of 21% stake under a negotiated deal and a voluntary public takeover offer.
Khaitan & Co advised Pricol Ltd on the scheme of arrangement between Pricol Ltd and Pricol Autotech Ltd and their respective shareholders and creditors, providing for the demerger of Pricol's Driver Information & Connected Vehicle Solutions (DICVS) business into Pricol Autotech Ltd.
Basava Rao is a Partner in the Corporate & Commercial practice group in the Hyderabad office of Khaitan & Co. He has over 18 years of experience in M&A, private equity, venture capital investments and general corporate advisory.
Lexology | Indepth | Edition 10
Khaitan & Co advised AdaniConneX, a joint venture between Adani Enterprises Ltd and EdgeConneX, on its completed acquisition of a 100% stake in Madhuvanti Build Estate Ltd, a company incorporated to undertake infrastructure operations, for a consideration of INR 765.25 crores.
Khaitan & Co advised Kilburn Engineering Ltd (Kilburn) in relation to a joint venture arrangement between Kilburn and East End Technologies Pvt Ltd (Eastend) proposed to be undertaken through a joint venture company, wherein Kilburn and Eastend shall be holding 60:40 stake in the joint venture company, respectively.
Khaitan & Co advised Mythik Holding Ltd in relation to investment by select Indian Investors, including Dream11 CEO – Harsh Jain; Blume Founder’s Fund, ex-McKinsey & Co – Rajat Gupta; Bharti Mittal Family Office; Point 72’s private investing head – Ishan Sinha; and SVAR Projects’ Rooshabh Shah, in Mythik Entertainment Technologies Pvt Ltd.
Khaitan & Co advised Just Climate, an existing shareholder of Continuum Green Energy Ltd, in connection with Chubu Electric Power Co., Inc.’s proposed INR 1,350 crores investment in Continuum Green Energy Ltd.
Khaitan & Co acted as advisors to Motilal Oswal Alternates (MO Alternates), the alternative investment arm of Motilal Oswal Group, who through its Private Credit Fund committed INR 750 crores to JBM Ecolife Mobility, the electric mobility platform of listed auto components maker JBM Auto. The fund raise is a combination of structured debt and equity-linked capital. The capital infusion is expected to enhance the company's ability to participate in large electric bus tenders and execute existing contracts.
Khaitan & Co advised L'Oréal on its acquisition of majority stake in Onesto Labs Pvt Ltd (Innovist), a leading digital-first Indian personal care house of brands.
