Direct Tax

Khaitan & Co advised Denso Corporation in connection with strategic joint venture between Sona BLW Precision Forgings Ltd and DENSO Corporation to establish two joint ventures for developing, designing, manufacturing and marketing advanced electric and hybrid powertrain systems across multiple vehicle segments.

Khaitan & Co advised Kotak Mahindra Bank Ltd on the establishment of its inaugural USD 1 billion Medium Term Note Programme and the debut issuance of USD 650 million

Khaitan & Co advised Purvah Green Power Pvt Ltd, a subsidiary of CESC Ltd, on its acquisition of 100% of the share capital of ReNew Hans Urja Pvt Ltd, ReNew Solar Photovoltaic Pvt Ltd, ReNew Wind Energy (Karnataka 3) Pvt Ltd, ReNew Wind Energy (MP Four) Pvt Ltd, ReNew Wind Energy (Karnataka 4) Pvt Ltd, and ReNew Agni Power Pvt Ltd, from ReNew Solar Power Pvt Ltd (collectively, the “Target Companies”), pursuant to a Share Purchase Agreement.

Khaitan & Co advised Hyva (India) Pvt Ltd (“Hyva”) on the Indian law aspects of the sale of its Tipper Business in India to Belrise Industries Ltd.

Khaitan & Co advised Yamaha Motor Co and Al-Futtaim Auto International, existing investors in World of River Ltd, Inc., the Delaware parent of River Mobility Pvt Ltd (India), on River Mobility's USD 120 million Series C fundraise, one of the largest funding rounds in India's two-wheeler electric vehicle sector.

Khaitan & Co advised Cambridge Mobile Telematics (CMT) on Indian law aspects of a $350 million strategic investment led by TPG and Allianz X, with participation from State Farm.

The Firm advised CMT on the Indian law aspects of the transaction, involving incentive plans for Indian employees.