Khaitan & Co advised Salesforce on the Indian law aspects of its acquisition of Momentum, a leading conversational insights and revenue orchestration platform. The transaction is expected to close in the first quarter of Salesforce’s fiscal year 2027, subject to customary closing conditions.
On 10 March 2026, the Government of India issued a press release (Press Release) indicating that Union Cabinet (Cabinet) has approved amendments to the foreign direct investment (FDI) regime in India with respect to for investments into India with beneficial ownership originating from countries sharing land borders with India (LBCs) under a regulation known as “Press Note 3” (PN3).
Khaitan & Co advised General Catalyst in relation to Investment in series A investment round (lead by General Catalyst) along with other existing investors in Xflow for a total consideration of approximately USD 16.6 million. Xflow is engaged in the business of developing cross-border payments infrastructure.
Khaitan & Co advised General Catalyst in connection with its ~USD 14 million investment as lead investor in a USD 20 million financing round in Constelli Signals Pvt Ltd (“Constelli”).
Khaitan & Co advised Prime Offices Fund (PRIME), a commercial real estate focused fund managed by Nuvama and Cushman & Wakefield Management Pvt Ltd (NCW), in its joint venture with Keppel Ltd through the acquisition of 51% stake in ‘TenSteps’, a 1.1 million sq. ft., grade A+ commercial office asset located in Pune.
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 The Magnum Ice Cream Company group in relation to the mandatory open offer for acquisition of up to 26% stake from the public shareholders of Kwality Wall's (India) Ltd (KWIL). KWIL’s shares were listed on the Indian stock exchanges on 16 February 2026 post the demerger of the ice cream business undertaking of Hindustan Unilever Ltd into KWIL.
Khaitan & Co advised Texmaco Rail & Engineering Ltd (TREL) in relation to a joint venture arrangement between TREL and Rail Vikas Nigam Ltd (RVNL), with TREL and RVNL holding a 49:51 stake respectively. This joint venture has been formed between the parties to boost India’s rail manufacturing capabilities for development of India’s next-generation rolling stock viz. freight, locomotive, passenger, and metro systems and to increase India’s footprint in global railway infrastructure market.
Khaitan & Co advised Kotak Life Sciences Fund I and Alkemi Venture Fund II Scheme I in their primary investment in Zeroharm Sciences Pvt Ltd, a nutraceutical company.
