The Ministry of Power has notified the Electricity (Amendment) Rules, 2026 (2026 Amendment) on 13 March 2026, amending Rule 3 of the Electricity Rules, 2005 (Electricity Rules).
Khaitan & Co advised and assisted Baldor Technologies Pvt Ltd and its promoter in relation to its Series F fund-raise led by Neo Secondaries Fund, with participation from existing investors (including Blume Ventures, Analog Capital, Elev8, IndiaMART and Kae Capital) for a total consideration of INR 476 crore, in accordance with the terms and conditions set out in the definitive agreements.
Khaitan & Co successfully represented Texmaco Rail & Engineering Ltd before the Madurai Bench of Madras High Court in writ petitions challenging the rejection of technical bids in four tenders floated by Southern Railway for provision of interlocking arrangement at various parts of Tamil Nadu.
Khaitan & Co acted as legal advisors to Premji Invest (as existing lead investor making a follow-on investment to co-lead the overall funding with Lightspeed) in respect of its investment in Weaver Services Pvt Ltd, a technology-led housing finance platform focused on the affordable housing segment.
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.
Khaitan & Co advised HomeRun Retail Pvt Ltd in relation to its series A fundraise by way of a primary issuance round led by Sorin Investment Fund, with participation from Titan Capital Winners Fund I, Sparrow Capital, Consumer Collective by Atrium and Helios Holdings.
Khaitan & Co advised Service Easy Technology Pvt Ltd (Company) and its promoters and certain selling shareholders in connection with its 100% (one hundred percent) share sale transaction, pursuant to which Valuedrive Technologies Pvt Ltd (Purchaser) acquired full ownership of the Company.
Khaitan & Co acted as joint deal counsel on the joint venture between Dixon Technologies (India) Ltd and Longcheer Intelligence Pte. Ltd into Dixtel Infocom Pvt Ltd. Post-closing, Dixon holds 74% and Longcheer holds 26% of the total paid-up share capital of Dixtel.
Khaitan & Co advised NTPC Ltd (“NTPC”) in relation to the implementation of the resolution plan submitted by the consortium of Maharashtra State Power Generation Company Ltd and NTPC Ltd (“Consortium”) in the corporate insolvency resolution process of Sinnar Thermal Power Ltd (“STPL”) under the provisions of the Insolvency and Bankruptcy Code, 2016 (“Resolution Plan”).
Khaitan & Co advised and has been advising Mr Hitesh Goel, the interim resolution professional (“IRP”) of Supertech Ltd (“Supertech”) during the ongoing corporate insolvency resolution process of the Company (“CIRP”).
