Khaitan & Co advised Marico Ltd in its strategic investment in Zea Maize Pvt Ltd, the company which owns the brand “4700BC” – one of India’s leading premium gourmet snacking brands. As part of the investment, Marico will acquire 93.27% of Zea Maize’s paid-up share capital from PVR INOX Ltd.
Khaitan & Co is advising India Glycols Ltd on demerger of bio pharma undertaking and sprits & biofuel undertaking into two separate listed companies, namely, Ennature Bio Pharma Limited and IGL Spirits Ltd. The scheme will unlock value for the shareholders of IGL and has been approved by the stock exchanges and SEBI and is pending approval of the NCLT and shareholders and unsecured creditors.
Khaitan & Co acted as deal counsel on the internal reorganisation of HPCL-Mittal Pipelines Ltd and HPCL- Mittal Energy Limited. The scheme of amalgamation of HMPL into HMEL was approved by the Hon’ble National Company Law Tribunal, Chandigarh. The deal team structured, drafted and argued the scheme before the Hon’ble Tribunal, end-to-end.
Khaitan & Co advised Balaji Wafers Pvt Ltd and its promoters on the proposed strategic investment by General Atlantic in Balaji Wafers.
This transaction represents a strategic minority investment by General Atlantic in one of India’s leading home-grown packaged snacks platforms.
Khaitan & Co advised The University of Tokyo Edge Capital Partners Company Ltd (UTEC) in their investment in the Pre-Series B funding round of Aerem Solutions Pvt Ltd, a company engaged in providing full stack solutions focused on commercial and industrial solar projects for medium and small enterprises. The round was led by SMBC Asia Rising Fund and saw participation from multiple existing investors including UTEC.
Khaitan & Co advised Vantris Energy Berhad on the divestment of its entire equity stake in L&T-Sapura Shipping (which owns and operates the LTS3000 heavy-lift and pipelay vessel) to its Larsen & Toubro Ltd, its joint-venture partner.
Khaitan & Co advised Sunteck Realty Ltd in its proposed strategic acquisition of Shreejikrupa Hotels and Properties Pvt Ltd through its WOS Apricum Buildwell Pvt Ltd.
Khaitan & Co advised EC-Council Holding Pte. Ltd., a global leader in cybersecurity education and creator of Certified Ethical Hacker (CEH) credential, on its investment of more than $20 million in Firecompass Technologies Inc. and its Indian Subsidiary Firecompass Technologies Pvt Ltd, the AI powered offensive security platform.
Khaitan & Co advised The Indian Hotels Company Ltd (IHCL) on sale of its entire shareholding in TajGVK Hotels and Resorts Ltd, being 25.52% of the paid up share capital of TajGVK Hotels and Resorts Ltd, to Mrs. Shalini Bhupal (a member of the promoter group of TajGVK).
Khaitan & Co advised Banneker Partners on the Indian law aspects relating to acquisition of Supply Chain Consultants, Inc.
The Firm’s role involved due diligence on Indian entities and transactional assistance.
