Banking and Finance

Khaitan & Co advised Indian Overseas Bank on the issue of unsecured, non-convertible, taxable, listed, fully paid up, redeemable, regulatory capital bonds in the nature of debentures with a base issue size of INR 500 crores and a green shoe option to retain oversubscription up to INR 500 crores, aggregating up to INR 1,000 crores on a private placement basis (“Issue”). The Issue received an overwhelming response from the investors and was oversubscribed by 6.52 times of the base issue size.

Khaitan & Co acted as legal counsel to 360 ONE Alternates Asset Management Ltd in relation to the issuance of secured, unlisted, unrated, redeemable non-convertible debentures aggregating to INR 90 crores issued by Freedom Charter Services Pvt Ltd, a company belonging to the Greenko group, for the purpose of acquisition of Embraer Legacy 650 Aircraft.

Khaitan & Co advised Vertex Ventures SEA Management Pte. Ltd on leading the Series B funding round of ~INR 250 crores in Fourdegreewater Capital Private Limited (dba WintWealth).

The Firm acted as legal advisors to Vertex Ventures SEA Management Pte. Ltd in undertaking the legal due diligence, regulatory advisory, drafting and negotiation of transaction documents.

Khaitan & Co advised Bank of India (“Client”) in relation to the issue of listed, unsecured, redeemable, non-convertible, taxable, fully paid-up long term infrastructure bonds in the nature of debentures on a private placement basis for an aggregate value of INR 10,000 crores, comprising of a base issue size of INR 5,000 crores and a green shoe option to retain oversubscription of up to INR 5,000 crores, in accordance with the Reserve Bank of India (Commercial Banks- Resource Raising Norms) Directions, 2025 and other applicable regula

Khaitan & Co advised Mr Shailendra Ajmera, the resolution professional (“RP”) of Supertech ORB Project Pvt Ltd (“Company”) along with Ernst & Young LLP, the Insolvency Professional Entity assisting the RP during the corporate insolvency resolution process of the Company (“CIRP”) which commenced on 13 October 2023 pursuant to the order passed by the Hon’ble National Company Law Tribunal, Allahabad (“Adjudicating Authority”).

Khaitan & Co advised the committee of creditors (“COC”) of Bhadreshwar Vidyut Pvt Ltd (“BVPL” or “Company”), during the corporate insolvency resolution process (“CIRP”) of the Company which commenced on 27 January 2020 pursuant to the order passed by the Hon’ble National Company Law Tribunal, Chennai Bench (“Adjudicating Authority”).

Khaitan & Co acted as the legal adviser to Jayaswal Neco Industries Ltd (“Company”) in relation to refinancing of debentures of the Company held by funds managed by Kotak Alternate Asset Managers Ltd, EAAA India Alternatives Ltd and Allianz Global Investors with Vistra (ITCL) India Ltd acting as the debenture trustee.

Khaitan & Co acted as legal counsel to ICICI Securities Ltd (“Issuer”) in connection with its issue of 50,000 fully paid, unsecured, rated, listed, redeemable, non-convertible debentures aggregating to INR 5,000 million (including an option to retain over subscription of up to INR 2,500 million), on a private placement basis (“Issue”).