Khaitan & Co advised the Blackstone Group in its acquisition of South City Projects (Kolkata) Ltd (“SCPKL”) from its existing shareholders, comprising of Merlin Group, Sureka Group, Emami Group, JB Group, Shrachi Group and Rameswara Group. SCPKL houses the iconic “South City Mall” in Kolkata, West Bengal.
Khaitan & Co advised BatterySmart for its USD 29 million Series B1 funding round from Rising Tide, ResponsAbility, Ecosystem Integrity Fund and LeapFrog.
The role of Firm included assisting BatterySmart in drafting, negotiation, and finalisation of the transaction documents and providing closing related assistance.
Khaitan & Co acted as legal advisors to Peak XV Partners in relation to redomiciling of Razorpay Inc. from US (i.e. Delaware incorporated entity) to India by way of (i) merger of Razorpay Inc., into and with Razorpay Software Pvt Ltd under the fast-track merger route, and a parallel (ii) demerger of the regulated businesses of Razorpay Software Pvt Ltd into Razorpay Payments Pvt Ltd under the fast-track demerger route.
Khaitan & Co Acted as legal advisors to Lightspeed India Partners III, LLC (“Lightspeed”), Matrix Partners India Investments IV, LLC; Matrix Partners India Investments IV-A LLC and Matrix Partners India IV AIF (collectively referred to as “Z47”) and RTP Global Partners III, L.P. (‘RTP’) in series B round of investment in Stable-Alpha Technologies Private Ltd (“Stable”).
Khaitan & Co advised JK Cement Ltd in relation to completion of its acquisition of 60% of the paid-up share capital of Saifco Cements Pvt Ltd by way of purchase of equity shares from the existing shareholders of Saifco, and subscription to fresh equity shares to be issued by Saifco to JK Cement Ltd, for which the transaction documents were executed in January 2025.
This transaction marks the entry of one of the biggest national cement players – JK Cement Ltd, in the region of Jammu and Kashmir, and is the first joint venture of the region in the cement sector.
Khaitan & Co advised Investcorp Private Equity Fund II on the sale of their entire holding of approximately 23% stake in Citykart Ventures Pvt Ltd, to A91 Emerging Fund II LLP and NewQuest Asia Fund V (Singapore) Pte. Ltd (a TPG entity), along with other sellers including India SME Investments Fund I and Micro Labs Ltd.
Khaitan & Co Acted as the legal counsel to the Promoters i.e., Vopak India B.V. and Koninklijke Vopak N.V. in relation to the initial public offering of 119,148,936 equity shares by Aegis Vopak Terminals Ltd ("IPO"), consisting of fresh issue of 119,148,936 equity shares aggregating up to INR 28,000.00 million.
Khaitan & Co advised and assisted IFB Agro Industries Ltd on the proposed acquisition of the entire commercial compound shrimp feed and freshwater fish feed business of Cargill India Pvt Ltd as a going concern on a slump sale basis, along with its manufacturing facilities located at Vijayawada and Rajahmundry in Andhra Pradesh, subject to the terms of the definitive agreements.
Khaitan & Co advised Deserve India on its India-level restructuring and the transfer of assets, from Deserve India to Intuit India. This transaction was part of a larger global acquisition where Intuit Inc., an American multinational fintech company, acquired key technology from Deserve, Inc., a mobile-first credit card platform.
Khaitan & Co has advised an affiliate of Cerberus Capital Management and certain other investors on their investment in the unrated, unlisted, secured, zero coupon, redeemable, non-convertible debentures issued by Porteast Investment Pvt Ltd, a member of Shapoorji Pallonji Group, for an amount up to INR 28,600 crores (approx. USD 3.3 billion) for the purpose of refinancing the existing debt of group entities.
