Khaitan & Co advised Inox Clean Energy Ltd ("Inox") in connection with Inox's fund-raise of up to INR 1,500 crores from Motilal Oswal group vide issuance of compulsorily convertible debentures. The initial INR 1,000 crores has already been deployed. The transaction represents a structured investment in Inox's renewable energy platform and supports the continued growth of Inox’s clean energy portfolio.
Khaitan & Co acted as the domestic legal counsel to the Issuer - Netweb Technologies India Ltd and the Book Running Lead Managers - IIFL Capital Services Ltd (formerly known as IIFL Securities Ltd), CLSA India Pvt Ltd and Resurgent India Ltd in relation to Qualified Institutions Placement of equity shares of face value of INR 2 each (“Equity Shares”) by Netweb Technologies India Limited aggregating approximately INR 12,000 million.
Khaitan & Co advised and assisted Mr Ashok Soota and Happiest Minds Technologies Ltd (“HMTL”) on the (i) sale of Mr Soota’s shareholding in HMTL (c. 22%) to ITC Infotech India Ltd, a subsidiary of ITC Limited; and (ii) merger between HMTL and ITC Infotech India Ltd (“Proposed Transaction”).
Sharan Sanil is a Counsel in the Corporate and Commercial practice group in the Mumbai office. He advises on a broad range of corporate and commercial matters, including mergers and acquisitions, strategic investments, private equity and venture capital transactions, joint ventures, and general corporate advisory. He regularly advises financial and strategic investors on transactions across a range of sectors.
Khaitan & Co advised Texmaco Rail and Engineering Ltd (Texmaco) and Texmaco Defence Technologies Ltd (Texmaco Defence), a wholly owned subsidiary of Texmaco, in relation to a proposed investment by Texmaco and Vagus Def Tech & Aerospace Fund-1, the pooling vehicle of Calculus Defence Fund (Calculus).
As India transitions from the successful Production Linked Incentive (PLI) era into a more mature industrial phase, the Union Cabinet has approved the Mobile Phone Manufacturing Scheme (MPMS).
Khaitan & Co advised Alta Capital Management LLP on the acquisition, through its logistics-based platform Logicap, of warehousing assets from Singapore-based Xander Investment Management.
Khaitan & Co advised True North and Integrace Pvt Ltd ("Integrace") on Warburg Pincus's acquisition of 100% of Integrace, a leading domestic formulations company focused on orthopaedics and gynaecology, providing end-to-end legal support including legal vendor due diligence, structuring, transaction documentation, regulatory advice and support and closing.
Khaitan & Co advised Reliance Brands Ltd (RBL) on its exclusive partnership with Fabletics to launch and operate the brand in India.
Founded in Los Angeles in 2013, Fabletics has grown into a global omnichannel brand.
Khaitan & Co Advised Sandvik Finance B.V., a group company of Sandvik AB, in relation to its acquisition of 100% of the share capital of Mastercam India Pvt Ltd. The target is engaged in the distribution of advanced manufacturing solutions, including software, hardware, training and support to industrial and educational users in across India, the SAARC region, and the Middle East.
