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.
On 15 June 2026 RBI issued, inter alia, the RBI (NBFCs – Undertaking of Financial Services) Second Amendment Directions, 2026.
Khaitan & Co advised HSBC Bank, Axis Bank, Barclays Bank, BNP Paribas, Citigroup Global Markets, J.P. Morgan Securities, MUFG Securities Asia, Crédit Agricole, Emirates NBD, Mashreqbank, and Société Générale, as managers, in connection with the dual-tranche notes offering by Axis Bank Ltd under its existing USD 5 billion Global Medium Term Note (GMTN) programme.
Khaitan & Co acted as legal counsel to HSBC in relation to a large rupee term loan facility extended to Waaree Renewable Technologies Ltd (WRTL), a leading Solar Power EPC Company in India, for financing the acquisition of a controlling stake of 55% in the share capital of Associated Power Structures Pvt Ltd.
Khaitan & Co advised Vedanta Ltd (VEDL) on the transfer of (i) listed, rated, secured, redeemable non-convertible debentures aggregating INR 6,089 crores and (ii) listed, rated, unsecured, redeemable non-convertible debentures aggregating INR 2,600 crores, each listed on BSE Ltd and issued by VEDL, to Vedanta Aluminium Metal Ltd (VAML).
Khaitan & Co acted as advisors to Motilal Oswal Alternates (MO Alternates), the alternative investment arm of Motilal Oswal Group, who through its Private Credit Fund committed INR 750 crores to JBM Ecolife Mobility, the electric mobility platform of listed auto components maker JBM Auto. The fund raise is a combination of structured debt and equity-linked capital. The capital infusion is expected to enhance the company's ability to participate in large electric bus tenders and execute existing contracts.
Khaitan & Co advised L'Oréal on its acquisition of majority stake in Onesto Labs Pvt Ltd (Innovist), a leading digital-first Indian personal care house of brands.
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.
On 30 April 2026, the RBI issued the Foreign Exchange Management (Authorised Persons) Regulations, 2026, which came into effect from 6 May 2026.
On 13 May 2026 RBI issued the Circular on ‘Operating Framework for Facilitating Outward Remittance Services by Non-Bank Entities through Authorised Dealer (Category I) Banks in India’.
