Khaitan & Co advised on the proposed divestment by Dilip Buildcon Ltd in favour of Alpha Alternatives Fund Advisors LLP of its 49% equity stake in ten special purpose vehicles (held through DBL Renewable Pvt Ltd) undertaking the development, design and engineering of an approximately 1,363 MW (AC) grid-connected solar photovoltaic portfolio across 163 locations in Madhya Pradesh.
Khaitan & Co advised Nexus Select Trust (acting through its Manager, Nexus Select Mall Management Pvt Limited) (“Nexus”) on the proposed acquisition of 100% of the share capital of Galaxy Infra Creations Pvt Ltd which owns: (a) a 0.5 million square feet Grade-A mall; and (b) a 164 key Hyatt Regency Hotel, each of which are currently under construction in Guwahati, for a purchase consideration of ~INR 1600 Crores, fro
Khaitan & Co advised the Volkswagen Group, in connection with the India leg of the agreement to sell a majority stake in Everllence (formerly known as MAN Energy Solutions) to Bain Capital, a leading global private investment firm.
The transaction is subject to regulatory approvals and customary closing conditions.
Khaitan & Co advised RPG Life Sciences Ltd on the carve-out of its API business into RPG Active Pharma Ltd and the subsequent investment by PE-investor InvAscent.
Khaitan & Co advised Aditya Birla Renewables Ltd on its acquisition of Sprng Energy from Shell Overseas Investments B.V., a wholly owned subsidiary of Shell plc. Valued at USD 1.8 billion, the transaction is among the largest transactions in India's renewable energy sector, reinforcing Aditya Birla Renewables' position in the country's clean energy transition.
Khaitan & Co advised RPSG Ventures Ltd, Woodlands Multispeciality Hospital Ltd and Clarionix Healthcare Pvt Ltd on a Composite Scheme of Arrangement amongst the companies and their respective shareholders and creditors under Sections 230–232 of the Companies Act, 2013, providing for (i) the amalgamation of Woodlands Multispeciality Hospital Ltd with RPSG Ventures Ltd, and (ii) transfer and vesting of the Hospital & Nursing Undertaking from RPSG Ventures Ltd into Clarionix Healthcare Pvt Ltd, its wholly owne
Khaitan & Co advised Persistent Systems on the acquisition of up to 100% stake in Nagarro SE through a combination of the acquisition of 21% stake under a negotiated deal and a voluntary public takeover offer.
Khaitan & Co advised on the implementation of the composite scheme of arrangement involving Vedanta Ltd (the Demerged Entity) and four resulting companies — Vedanta Aluminium Metal Ltd, Vedanta Power Ltd (formerly Talwandi Sabo Power Ltd), Vedanta Oil & Gas Ltd (formerly Malco Energy Ltd), and Vedanta Iron and Steel Ltd — filed under Sections 230–232 of the Companies Act, 2013.
Khaitan & Co advised the Bangkok headquartered Indorama Ventures on acquisition of majority control of Blackstone owned EPL Ltd by amalgamation of Indorama’s offshore packaging business with EPL India, resulting in estimated valuation of USD 2 Billion in the combined entity.
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.
