Banking and Finance

Khaitan & Co advised Tata Capital Ltd in connection with the issuance of USD 400 million 5.332 per cent senior unsecured notes due 2030 under Regulation S of the U.S. Securities Act of 1933, issued under its existing USD 2 billion medium-term note programme established on India INX in IFSC Gift City. The notes are listed on India INX in IFSC Gift City.

Khaitan & Co advised Tata Capital Ltd on the execution of transaction documents to acquire approximately 88.6% of the shareholding of Yogakshemam Loans Ltd, a non-banking financial company (NBFC) primarily engaged in the business of lending against gold jewellery.

Khaitan & Co advised Airties S.A.S. in relation to entering into a definitive agreement to acquire Aprecomm Pvt Ltd, a Bengaluru-based leading provider of intuitive, self-healing network and customer experience solutions. The acquisition brings complementary go-to-market capabilities for ISPs across the globe and accelerates expansion into high-growth broadband markets, including India, South Asia, Southeast Asia, and South America.

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 CSB Bank Ltd in connection with the extension of financial assistance in the form of a rupee term loan facility of INR 140 crores (Facility) to Indrajit Power Pvt Ltd (Borrower). The Facility was extended for part financing the implementation of the resolution plan submitted by a consortium comprising Evonith Holdings Pte. Ltd.

Khaitan & Co. advised FMO Entrepreneurial Development Bank and Axis Bank Ltd (“Clients") in relation to structured project financing of INR 262 crores extended to Sunsure Energy Pvt Ltd and its group companies ("Sunsure") by way of secured non-convertible debentures and a term loan facility.