Khaitan & Co advised Shyam SEL & Power Ltd in relation to acquisition of an additional 2.81 acres of land in Jamuria, Paschim Bardhaman, which shall enable it to expand its manufacturing unit.
The Firm role included drafting, negotiating and finalising the transaction document in as well as provided assistance in execution of transaction document.
Khaitan & Co advised Torrent Power on the acquisition of 100% share capital of NewZone Power Projects Pvt Ltd, 49% share capital of NewZone India Pvt Ltd and indirect acquisition of 51% of share capital of NewZone India Pvt Ltd. NewZone India Pvt Ltd is involved in the proposed development of a coal-based thermal power project located at Anuppur, Madhya Pradesh.
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 represented a client before the NCLT, Kolkata Bench and the NCLAT, securing protection from liability over a disputed land asset by ensuring rejection of the resolution plan.
Khaitan & Co acted as legal counsel the book running lead managers (Axis Capital Ltd and IIFL Capital Services Ltd) as to Indian law in connection with the draft red herring prospectus filed by Purple Style Labs Ltd (Pernia’s Pop Up Shop) in relation to its proposed initial public offering of equity shares, comprising of a fresh issue of up to INR 6,600.00 million.
Khaitan & Co advised CEAT Ltd in its acquisition of 'Camso' brand's Compact construction equipment tyre and tracks business from Michelin for a total consideration of USD 225 million. The acquisition includes global ownership of the 'Camso' brand along with manufacturing facility in Sri Lanka.
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 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.
