Corporate and Commercial

Khaitan & Co advised RPSG Sports Ventures Pvt Ltd (a subsidiary of RPSG Ventures Ltd) on its acquisition of a 70% equity stake in Manchester Originals Ltd (“Manchester Originals”) from the England and Wales Cricket Board (“ECB”) for a consideration of about GBP 81.2 million.

Khaitan & Co Advised Datta Meghe Institute of Higher Education and Research, a deemed-to-be university with 15 institutes and 5 teaching hospitals, on its collaboration with Adani Foundation to develop a global Centre of Excellence (CoE) in affordable healthcare education and delivery mechanism. 

The Firm provided advice to Datta Meghe Institute of Higher Education and Research in relation to structuring and documenting the collaboration. 

Khaitan & Co acted as the legal counsel to Milky Mist Dairy Food Ltd and its Promoters, Sathishkumar and Anitha, on the filing of the draft red herring prospectus for its proposed initial public offering of equity shares aggregating up to INR 20,350.00 million, comprising a fresh issue and an offer for sale.

Khaitan & Co advised the MetTube Group (including MetTube Mauritius and MetTube Copper India) in its 50:50 joint venture arrangement with Adani Enterprises Ltd for the copper tubes business. Under the agreements, Adani Enterprises will divest a 50% stake in its wholly owned subsidiary, Kutch Copper Tubes Ltd, to MetTube.

Additionally, Adani Enterprises will invest 50% in MetTube Copper India Pvt Ltd, which is a wholly owned subsidiary of MetTube. Post-transaction, AEL and MetTube shall hold 50% each in Kutch Copper and MetTube Copper India.

Khaitan & Co jointly advised Dixon Technologies (India) Ltd and Longcheer Intelligence Pte. Ltd in relation to the formation of a strategic joint venture in India between Dixon Technologies (India) Ltd and Longcheer Intelligence Pte. Ltd., as well as receipt of necessary approval under Press Note 3 of 2020, whereby Dixon will hold 74% and Longcheer will hold 26% of the total paid-up share capital of the joint venture company. 

Khaitan & Co advised Bambrew Plant Fiber Technology Pvt Ltd in relation to fund raise by Bambrew Plant Fiber Technology Pvt Ltd ("Company") of approximately over USD 10 million in a round led by Ashok Goel Trust and Enrission India Capital. 

The Firm role includes assistance with preparation, negotiation and finalisation of transaction documents; facilitation of secondary transfers of exiting shareholders of the Company; closing assistance; and other ancillary advise to the Company in relation to the transaction.

Khaitan & Co advised HSquare Sports Pvt Ltd in relation to its investment round led by Sky Impact Capital and Physis Capital. The round also saw participation from, inter alia, Atrium Venture, Mahesh Bhupathi and Gaurav Kapur. The Firm was involved in reviewing, commenting and negotiating the term sheet, the shareholders agreement and the share subscription agreement.

Khaitan & Co advised and assisted Firstsource Solutions UK Limited in relation to the proposed acquisition of 100% of the share capital of Pastdue Credit Solutions Limited, subject to regulatory approvals and the conditions set out in the definitive agreements for a total consideration of £22 million.

The Firm acted as the transaction counsel to Firstsource Solutions UK Limited and our responsibilities were as follows

(a) Drafting, negotiating, finalising and execution of the share purchase agreement; and