Indirect Tax

Khaitan & Co advised Tata Capital Ltd on the execution of transaction documents to acquire approximately 88.6% of the shareholding of Yogakshemam Loans Ltd, a non-banking financial company (NBFC) primarily engaged in the business of lending against gold jewellery.

Khaitan & Co advised Airties S.A.S. in relation to entering into a definitive agreement to acquire Aprecomm Pvt Ltd, a Bengaluru-based leading provider of intuitive, self-healing network and customer experience solutions. The acquisition brings complementary go-to-market capabilities for ISPs across the globe and accelerates expansion into high-growth broadband markets, including India, South Asia, Southeast Asia, and South America.

Khaitan & Co advised British Telecommunications Plc (BT Group) on the Indian law aspects of the separation of the respective international businesses of BT Group and Verizon Communications Inc (Verizon) to form a 50:50 joint venture.

Khaitan & Co advised L'Oréal on its acquisition of majority stake in Onesto Labs Pvt Ltd (Innovist), a leading digital-first Indian personal care house of brands.

Khaitan & Co advised a consortium of financial investors led by Mason Capital Management LLC and Pearlstone Alternative (UK) LLP on the India aspects in its acquisition of Petrofac Emirates from Petrofac International Ltd. Petrofac Emirates encompasses Petrofac's core Engineering & Construction (E&C) capability in UAE. 

Khaitan & Co advised Doms Industries Ltd (Buyer) in relation the acquisition of worldwide rights to the ‘Reynolds’ brand and other identified assets, contracts, employees and liabilities from multiple subsidiaries of Newell Brands Inc. 

Khaitan & Co advised Reliance Industries Ltd ("RIL") in connection with its strategic partnership with Meta Platforms, Inc. (“Meta”) for the development of Meta’s first AI-enabled data centre in India. Pursuant to the partnership, RIL will develop a built-to-suit 168 MW hyperscale data centre in Jamnagar, Gujarat, which Meta will lease to support its artificial intelligence and computing requirements.