Banking and Finance

Khaitan & Co advised Prime Offices Fund (PRIME), a commercial real estate focused fund managed by Nuvama and Cushman & Wakefield Management Pvt Ltd (NCW), in its acquisition of a marquee 2.4 million sq. ft. office campus located in Porur, Chennai. The asset was acquired through a 100% buyout from Keppel Ltd at transaction value of approximately INR 2,550 crores, marking PRIME’s second acquisition and a significant milestone in its strategy to build a portfolio of future ready, high-quality, ESG-compliant office assets across India’s fastest-growing micro-markets.

Khaitan & Co advised Bessemer Venture Partners as the lead investor in the Series B round of Keyaro Edutech Pvt Ltd (Seekho.in).

Khaitan & Co advised Bessemer Venture Partners as the lead investor in the Series B round of Keyaro Edutech Pvt Ltd (Seekho.in).

Khaitan & Co acted as legal advisors to Nido Home Finance Ltd (“Issuer”) for filing of the Draft Prospectus with the Securities and Exchange Board of India ("SEBI") and BSE Ltd ("BSE"), and filing of the Prospectus with the Registrar of Companies, Maharashtra at Mumbai, SEBI and BSE for the public issue of secured, redeemable, non-convertible debentures for a base issue of INR 1,000 million with a green shoe option up to INR 1,000 million aggregating up to INR 2,000 million. 

Khaitan & Co acted as legal advisors to Lightspeed Venture Partners (through Lightspeed Venture Partners Select VI L.P.) as lead investor in the Series B1 round, and to Premji Invest (as existing lead investor making a follow-on investment), on their investments in Weaver Services Pvt Ltd, a technology-led housing finance platform focused on the affordable housing segment. 

Khaitan & Co advised HDFC Bank Limited (“Lender”) on the grant of facility aggregating to INR 500 crores ("Rupee Facility"), with a non-fund based sublimit in form of letter of credit facility (“LC Facility”) as a sub-limit of the Rupee Facility (together the “Facility”), to Maiva Lifesciences Pvt Ltd (“Borrower”) and Maiva Pharma Pvt Ltd ("Co-Borrower") (together the "Borrowers") proposed to be utilized exclusively for the purpose of part financing the project cost or reimbursement of the estimated project cost incurred by the Borrower and towards making payments to the LC beneficiarie

Khaitan & Co advised Deutsche Bank AG, Morgan Stanley, JP Morgan, Barclays Bank Plc, Tata Capital, Aditya Birla Capital, Trust Investments, and other investors (“investors”) in their subscription to the listed, non-convertible bonds aggregating to INR 5900 crores in two tranches of INR 1500 crore (“Tranche 1”) and INR 4400 crore (“Tranche 2”), issued by GMR Airports Limited, inter alia, for refinancing its existing debt.

Morgan Stanley India Company Pvt Ltd acted as sole arranger and structuring advisor to Tranche 1.

Khaitan & Co advised and assisted Vertex Ventures SEA in leading the Series B funding round of Ishanee Villas Tech Pvt Ltd (dba Elivaas). 

The Firm assisted in all aspects of the transaction including undertaking due diligence, reviewing documentation, negotiation and closing.

Khaitan & C0 acted for and advised Ashwin Sheth Group in carrying out title due diligence in relation to their acquisition of development rights from MHADA in respect of land admeasuring 4.05 acres in Goregaon West. This project is part of the redevelopment of Patra Chawl, located in Siddharth Nagar area of Goregaon, Mumbai.