Capital Markets

Khaitan & Co advised the BRLMs on the landmark Initial Public Offering of National Stock Exchange of India Ltd aggregating to INR 225,615.74 million.

Khaitan & Co acted as sole legal counsel to NATCO Pharma Ltd on the rights issue of 17,058,082 fully paid-up equity shares of face value INR 2 each at INR 750 per rights equity share, aggregating to INR 12,794 million, in the ratio of 2 rights equity shares for every 21 fully paid-up equity shares held on the record date.

Khaitan & Co acted as Indian legal counsel to the promoter selling shareholders, i.e. JSW Steel Limited and JSW Cement Limited on the proposed initial public offering of JSW One Platforms Limited comprising of a fresh issue aggregating up to INR 13,000.00 million and an offer for sale aggregating up to INR 17,540.10 million.

Khaitan & Co a advised Persistent Systems Ltd on its maiden Qualified Institutional Placement (QIP) of INR 42,646.10 million.

Khaitan & Co advised Balkrishna Industries Ltd (BKT) on their strategic agreement with Pirelli to capture opportunities in the Indian car tyre market. The partnership unites Pirelli’s high-end technological leadership with BKT’s local industrial positioning and strong presence.

Khaitan & Co acted as legal counsel to Inox Green Energy Services Ltd for Indian law in relation to its qualified institutions placement of equity shares aggregating to INR 300 crores. The Book Running Lead Manager to the issue was Emkay Global Financial Services Ltd.

Khaitan & Co advised Inox Clean Energy Ltd (ICEL) and the promoter selling shareholder (i.e., Devansh Jain) in connection with the draft red herring prospectus filed by ICEL in connection with its proposed Initial public offering aggregating up to INR 100,000.00 million comprising a fresh issue aggregating up to INR 80,000.00 million and an offer for sale of aggregating up to INR 20,000.00 million by the promoter selling shareholder.

Khaitan & Co advised Anarock Property Consultants Ltd, on the filing of the draft red herring prospectus for its proposed initial public offering aggregating up to INR 10,000.00 million.

Khaitan & Co advised INOX Air Products Ltd on filing the DRHP for its proposed initial public offering comprising of an offer for sale of up to 77,156,663 equity shares.