Funds

Khaitan & Co (the “Firm”) acted as legal advisors to JSW Paints Ltd (“Issuer”), part of the JSW Group, in relation to its acquisition finance and maiden issuance of listed, rated, unsecured, redeemable, non-convertible debentures aggregating to INR 3,300 crores (“NCDs”). The proceeds of the NCDs are proposed to be utilised towards, inter alia, funding the acquisition of shares of Akzo Nobel India Ltd by the Issuer.

Khaitan & Co acted as the sole legal counsel to ChrysCapital Advisors LLP in connection with the setup, regulatory approvals, and negotiations with key Indian institutional investors and large family offices for their investments in the Indian sleeve of ChrysCapital X. The Firm provided comprehensive, end-to-end legal support through to the closing of the transactions. Khaitan & Co also served as the sole Indian legal counsel for the setup of the offshore sleeve of ChrysCapital X.

Khaitan & Co Acted as the legal counsel and advised Blume Ventures in the setup of their fifth venture capital fund in India and GIFT IFSC. The fund will invest in early-stage Indian and cross-border ventures with investments across Health-tech, B2B AI, Consumer, Fin-tech and Deep-tech. The fund has raised USD 175 million in its first close from institutional investors, multilateral institutions, corporates, and family offices. 

Khaitan & Co acted as legal counsel to Theia Ventures on the launch and investor onboarding of Theia Ventures Fund I, an early-stage fund with an investment focus on energy transition, deep technology, and decarbonization. The Fund achieved its first close at USD 30 million.

The Fund has been able to raise commitments from global development finance institution, with British International Investment (BII) as the anchor investor, as well as from large corporations and prominent family offices. 

Khaitan & Co advised Edelweiss Financial Services Ltd, Edelweiss Asset Management Ltd, and Edelweiss Trusteeship Company Ltd on WestBridge Capital’s proposed acquisition of a 15% stake in each of Edelweiss Asset Management Ltd (i.e., the asset manager of Edelweiss Mutual Fund) and Edelweiss Trusteeship Company Ltd (i.e., the trustee of Edelweiss Mutual Fund), for a consideration of INR 450 crores (approximately USD 51.4 million).