Khaitan & Co acted as legal counsel to Standard Chartered Bank in connection with term loan facilities (Facilities) of (a) INR 40 crores extended to Inox Neo Energies Ltd; (b) INR 185 crores to Skypower Solar India Pvt Ltd (Skypower); and (c) INR 238.22 crores to Skypower Southeast Solar India Pvt Ltd.
Khaitan & Co advised Torrent Power Ltd (Torrent) on execution of definitive documents for the acquisition of 100% of the equity stake and convertible instruments of Nabha Power Ltd (NPL) from L&T Power Development Limited, a wholly owned subsidiary of Larsen & Toubro Limited, for an enterprise value of INR 6,889 crores.
Khaitan & Co advised Kalpataru Projects International Ltd ("KPIL") on the divestment of its entire 100% equity shareholding in Vindhyachal Expressway Pvt Ltd (“VEPL”), a wholly-owned special purpose vehicle holding a long-term concession for the development, operation and maintenance of an approximately 89.30 kilometre four-lane road project on National Highway-7 connecting Rewa and Hanumana at the Madhya Pradesh–Uttar Pradesh border, implemented on a toll-based public-private partnership model.
Khaitan & Co advised Kalpataru Projects International Limited ("KPIL") on the divestment of its entire 100% equity shareholding in Vindhyachal Expressway Private Limited (“VEPL”), a wholly-owned special purpose vehicle holding a long-term concession for the development, operation and maintenance of an approximately 89.30 kilometre four-lane road project on National Highway-7 connecting Rewa and Hanumana at the Madhya Pradesh–Uttar Pradesh border, implemented on a toll-based public-private partnership model.
Khaitan & Co advised FIT 3PL Warehousing Pvt Ltd (a wholly owned subsidiary of TVS Supply Chain Services Ltd) on the execution of definitive agreements for the proposed acquisition of a 100% stake in Swamy & Sons 3PL 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.
The IBBI in its recent amendment to the IBBI (Insolvency Resolution Process for Corporate Persons), Regulations (CIRP Regulations) has introduced the requirements for disclosure of beneficial ownership and eligibility/non-eligibility for benefits of section 32A of Insolvency and Bankruptcy Code, 2016 by the prospective resolution applicants (PRAs) as part of submission of resolution plan.
Atman Desai is a Partner in the Energy, Infrastructure and Resources practice group. Atman has over 15 years of experience in advising developers, investors, contractors and lenders on transactions involving various infrastructure sectors such as ports, data centers, power (conventional and renewables), mining, highways and oil and gas (downstream).
He regularly advises on regulatory aspects involving public private partnership projects, bidding for infrastructure projects and assists clients in negotiating a broad spectrum of commercial and project development contracts.
Shivanshu Thaplyal is a Partner in the Energy, Infrastructure & Resources team. Shivanshu regularly advises on corporate/commercial matters and policy and regulatory issues.
