Khaitan & Co acted as legal counsel to Peak XV Partners Growth Investments IV (formerly Sequoia Capital India & SEA) (“Peak XV”) on its investment of approximately USD 28 million in the Series C funding round of Intellihealth Solutions Private Limited (“Truemeds”).
The Firm also advised Info Edge Venture Fund on its follow-on investment in the same round.
In a notable development, the Securities and Exchange Board of India (SEBI) has issued a circular dated 31 July 2025 (Circular) to mandate certain digital accessibility standards for regulated entities (REs).
Varun Narayan is a Partner in the Corporate and Commercial and M&A practice group.
Khaitan & Co acted as legal advisors to ChrysCapital Advisors LLP in relation to investment of approximately INR 480 crores by ChrysCapital and 360 One in the Series D funding round of Comfort Grid Technologies Private Limited (“The Sleep Company”) through primary investment and secondary acquisition.
The Firm assisted with (i) conducting due diligence on The Sleep Company; (ii) negotiations and closing of the transaction for ChrysCapital’s investment in the Series D round of The Sleep Company.
Khaitan & Co advised Axight Capital (an investment vehicle managed by Lunate group and backed by ADQ) on all aspects of its acquisition of ~10% stake in Aadhar Housing Finance Ltd, an independent affordable housing finance company, from Blackstone, one of the world’s largest alternative asset manager for a total consideration of ~USD 225 million.
The Firm role included structuring, diligence and documentation for the transaction.
Khaitan & Co advised TVS Motor Company and its wholly owned subsidiary TVS Singapore Pte. Ltd. in the acquisition of identified assets from Ion Mobility Pte. Ltd., a Singapore-based electric vehicle company.
The Firm advised TVS Motor Company and TVS Singapore Pte. Ltd. on the multi-jurisdictional transaction including acting as instructing counsel for multiple jurisdictions, including Singapore and Indonesia.
Khaitan & Co advised Sage in relation to the acquisition of Fyle. Fyle makes expense management effortless and instant for small and medium sized businesses by automating every interaction between employees, finance teams, and accounting systems. Its AI-driven platform embeds receipt capture within everyday apps and surfaces real-time insights to slash month-end close times. Sage is a global leader in accounting, financial, HR and payroll technology for small and mid-sized businesses.
Khaitan & Co advised Hexaware Technologies Ltd, a listed Indian entity, and its affiliate, in their acquisition of Target Entities (SMC Squared, LLC, Tech SMC Square India Pvt Ltd and Tech SMC Squared (GCC) India Pvt Ltd).
Khaitan & Co advised Delachaux S.A. on the Indian law aspects of the sale of its shares in Frauscher Sensor Technology Group GmbH (Austria) to Wabtec Corporation for an enterprise value of EUR 675 million. Frauscher Sensor Technology Group GmbH is a global leader in train detection and axle counting systems. Baker McKenzie acted as the global counsel to Delachaux S.A. on this transaction, while Khaitan & Co assisted on the Indian law aspects.
Khaitan & Co advised Electrosteel Castings Ltd. (Electrosteel), an Indian listed company, on its acquisition of 100% share capital and voting rights of T.I.S Services S.p.A (Target), a company based in Italy, along with its four subsidiaries spread across Europe i.e., in Italy, Poland, Turkey and Croatia from TIS Group S.p.A. ("Seller"). The transaction also included lease and subsequent acquisition by the Target of a real estate facility located in Bolgare, Italy from the Seller, post-closing.
