Khaitan & Co advised and represented Tomcar Holding Company LLC on its joint venture with JSW Sarbloh Motors Pvt Ltd to manufacture and assemble the Tomcar TX range of tactical all-terrain vehicles (ATVs) in India, with a focus to cater to Indian defence requirements and also supply the products to other left-hand drive and right-hand drive markets in Asia and beyond.
The principles of General Anti Avoidance Rule or GAAR are incorporated under Chapter X-A of the Income Tax Act, 1961 (IT Act).
Khaitan & Co advised Tractors and Farm Equipment Ltd (TAFE) on the composite deal settlement with AGCO Corporation (AGCO) for which the following agreements were executed: (i) Buyback agreement; (ii) IP Agreement; (iii) Arbitrations settlement agreement; (iv) India litigation settlement agreement; and (v) Cooperation Agreement.
Khaitan & Co advised Insight Venture Management LLC on the India leg aspects for its investment in Chainbrain Inc. as a part of the Series B funding round of USD 43.5 million, which Insight led.
Khaitan & Co advised Capital Business Systems and its promoters on the sale of its subsidiary, Capital Record Centre, a leading provider of secure records and information management services in India, to Iron Mountain Incorporated.
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.
Charity Commissioner of Maharashtra vide circular no. 619 dated 21 July 2025 (Circular) has granted general permission to public trusts, as defined and registered under Maharashtra Public Trusts Act (Act), to invest up to 50% of trust money in specified securities such as listed shares, units of mutual funds, etc. (refer below).
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 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).
