Corporate & Commercial

Khaitan & Co (the “Firm”) acted as legal advisors to JSW Paints Ltd (“Issuer”), part of the JSW Group, in relation to its acquisition finance and maiden issuance of listed, rated, unsecured, redeemable, non-convertible debentures aggregating to INR 3,300 crores (“NCDs”). The proceeds of the NCDs are proposed to be utilised towards, inter alia, funding the acquisition of shares of Akzo Nobel India Ltd by the Issuer.

Khaitan & co advised Springline Advisory on its India entry and acquisition of business from Infinity Globus Accountant Pvt Ltd and Smart Accountants Services LLP.

Khaitan & Co advised Reliance Brands Limited on its exclusive arrangement with the Max Mara group for opening and operating the 'Max&Co' branded stores in India.

Khaitan & Co advised Brookfield Asset Management on the sale of Arliga Ecoworld Business Parks Pvt Ltd to Brookfield India REIT for USD 1.5 billion. This is the largest transaction involving a Real Estate Trust in India till date. 

Khaitan & Co advised Trinity Life Sciences on Indian law aspects of its strategic multi-jurisdictional acquisition of EVERSANA’s advisory services operation in Asia-Pacific and the Middle East, and specifically on the India acquisition which by way of slump sale on a going concern basis. In conjunction with the acquisition, Trinity and EVERSANA have also entered into a strategic collaboration to benefit shared life sciences clients in the region. 

Khaitan & Co advised Syrma SGS Technology Ltd ("Syrma") in relation to: (a) the acquisition of the entire paid-up share capital of Elcome Integrated Systems Pvt Ltd ("Elcome") by Syrma, in four tranches, such that Syrma will acquire 60% of the total paid-up share capital of Elcome for an aggregate consideration of ~INR 235,00,00,000 in the first tranche, which will be invested by way of a mix of primary and secondary investment, and the remaining 40% will be acquired in four different tranches.

Khaitan & Co acted as the sole legal counsel to ChrysCapital Advisors LLP in connection with the setup, regulatory approvals, and negotiations with key Indian institutional investors and large family offices for their investments in the Indian sleeve of ChrysCapital X. The Firm provided comprehensive, end-to-end legal support through to the closing of the transactions. Khaitan & Co also served as the sole Indian legal counsel for the setup of the offshore sleeve of ChrysCapital X.

Khaitan & Co advised Reliance Consumer Products Ltd in their majority acquisition of Naturedge Beverages Pvt Ltd through a combination of primary and secondary purchase.

Khaitan & Co advised Veeam Software Holding Inc. on the India leg aspects for its acquisition of Securiti Inc. with an overall deal value of USD 1.72 billion.