•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student
other

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

Khaitan & Co

16 December 2015

Shardul Amarchand Mangaldas acted for Blackstone on its sale of shares in the Rs 500 crore ($75 m) initial public offer (IPO) of fragrance maker SH Kelkar & Co which was advised by DSK Legal. Khaitan & Co and Jones Day advised the IPO’s book running lead managers JM Financial Institutional Securities and Kotak Mahindra Capital Company.

26 November 2015

Cyril Amarchand Mangaldas advised US private equity bulgebracket firm Kohlberg Kravis Robert (KKR) on its $115m (Rs 762 crore) acquisition of 72 per cent stake in investment bank Avendus Capital which was advised by Khaitan & Co.

Khaitan Mumbai executive director Daksha Baxi, core transaction partners Haigreve Khaitan and Niren Patel, regulatory team partners Siddharth Shah, Arindam Ghosh, direct tax partner Sanjay Sanghvi, principal associate Ritu Shaktawat, senior associate Deepak Jodhani, Kaushalya Shetty,Ashish Mehta, associates Vinita Choudhury and Yashashree Mahajan acted for Avendus.

CAM partners Reeba Chacko, Ipsita Dutta and Nisha Kaur Uberoi, senior advisor financial services Anand Sinha and of counsel Usha Narayanan acted for KKR

The acquisiiton was made through a combination of new shares and a secondary sale of stock by its promoters, in two tranches - first part being 62.2 per cent, according to Khaitan’s press release.

The equity value of Avendus Capital will increase to $180m or Rs 1,120 crore after this transaction reported the Economic Times.

Avendus will use the sale proceeds to become a lender and strengthen its advisory and alternate asset-management businesses. The company is looking forward to scale up its existing businesses and build a non-banking finance company (NBFC) business focusing on mid-market companies and their owners. Some part of the proceeds will also be used to build new products in the alternative asset management business, added ET.

17 November 2015

d2o4hzhrLegasis Partners associate partner Nishad Nadkarni has joined Khaitan & Co in Mumbai as a partner in its intellectual property (IP) practice.

11 November 2015

CamSamEvery year, law firms send out creative electronic (and paper) cards celebrating the festival of lights. This year, we’ve collected a few of the larger firms’ greetings that have found their way into our inbox.

03 November 2015

Khaitan & Co advised Indian stationery maker Writefine Products on selling 32.5 per cent equity to Italian art products maker and distributor Fabbrica Italiana Lapis ed Affini (FILA). FILA was advised by AZB & Partners and Italian law firm Studio Legale Salonia Associati.

Khaitan associate partner Mehul Shah, senior associate Vivek Sriram,and associate Vidur Sinha acted for Writefine Products.

AZB Partner Alka Nalavadi acted for FILA which was increasing its shareholding in Writefine to 51 per cent from 18.5 percent.

Writefine Products, a Gujarat-based company that claims to have close to 3,000 employees, was valued at around Rs 740 crore (around $114m) in the deal, reported VCC Circle.

02 November 2015

Khaitan & Co acted for Reliance Telecommunications in its acquisition of the wireless business of J Sagar Associates (JSA)-advised Sistema Shyam Teleservices for Rs 2,100 crore of equity, while also taking on Rs 2,400 crore of Sistema’s debt to the government.

30 October 2015

Khaitan & Co advised rail freight car makers, the Australia-based UGL Rail Services and the Indian Texmaco Rail and Engineering on UGL’s sale of its 50 per cent stake in its joint venture with Texmaco – Texmaco United Group Rail.

Khaitan Kolkata partner Padam Khaitan, associate partner Arindam Sarkar and associates Shourya Sengupta and Prithwijit Gangopadhyay acted for UGL

Khaitan Mumbai partner Haigreve Khaitan, associate partner Anuj Sah and Associate Sunayana Bose acted for Texmaco.

UGL sold its share in the Indian joint venture because it was starved of orders after the downturn in locomotive sales in Australia, and it was set up for primarily catering to the Australian market, reported the PTI.

30 October 2015

Delhi firm Seth Dua & Associates hired former Khaitan & Co senior associate Gaurav Dhwaj in telecoms, media and technology (TMT) and Vaish Associates senior associate Upvan Gupta in tax as associate partners.£££para£££

27 October 2015

Khaitan & Co advised computer security software company Quick Heal Technologies on its $38.5m (Rs 250 crore) Initial Public Offering of fresh issue of equity shares and and an offer for sale of 6,814,736 equity shares by existing shareholders, consisting of Kailash Sahebrao Katkar, Sanjay Sahebrao Katkar, Sequoia Capital India Investment Holdings III, and Sequoia Capital India Investments III

The investors were advised by _Cyril Amarchand Mangaldas _partner Arjun Lall. Luthra & Luthra Mumbai partner Manan Lahoty acted for the book running lead managers which were also advised by Sidley Austin Singapore partner Prabhat K Mehta.

Khaitan Mumbai executive director Sudhir Bassi, partner Abhimanyu Bhattacharya, principal associates Thomas George and Ashwinee Oturkar, associates Oishik Bagchi, Abir Sarkar and Manasi Gandhi acted for Quick Heal.

The company has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) reported on 29 September and ICICI Securities, Jefferies India and JPMorgan India are the book running lead managers to the issue reported Times.

26 October 2015

Khaitan & Co advised IT and software outsourcing company HCL Technologies on its acquisition of Swedish multinational group Volvo’s external IT business for $138m (Rs 895 crore) in an all cash deal. London based law firm Greenberg Traurig Maher LLP represented Volvo.

Khaitan Delhi partner Joyjyoti Misra, senior associate Shruti Singh and associate Sanchit Agarwal acted for HCL

The two companies have also signed a letter of intent under which the Volvo Group will also outsource its IT infrastructure operations to HCL Technologies for an undisclosed amount for five years. Around 2600 Volvo personnel affected by the transaction would be offered to move to HCL according to report by Firstpost.

The transaction will be closed during the second quarter of 2016 and will provide both cost savings and a capital gain, Volvo said.

26 October 2015

J Sagar Associates (JSA) advised Reliance Capital (RCAP) on the Rs 1200 crore ($180m) sale of 14 per cent stake in Reliance Capital Asset Management (RCAM) to Japan’s largest life insurance company Nippon Life Insurance (NLI). NLI was advised by Khaitan & Co and Anderson Mori & Tomotsune.

JSA Mumbai partners Dina Wadia and Gautam Gandotra, senior associate Gagan Sharma and associate Upamanyu Talukdar acted for RCAP

Khaitan partner Niren Patel, senior associates Aravind Venugopal and Ritwik Kulkarni and associate Vidur Sinha and Anderson partner Ryo Kotoura and associate Masahiko Yasui acted for NLI

According to the press release, the stake sale would lead to change in controlling interest in RCAM according to mutual fund rules of the Securities and Exchange Board of India (SEBI) as NLI already had 35 per cent stake in RCAM This deal will trigger the exit option for various unit holders of various mutual fund schemes of Reliance Mutual Fund.

According to the report by TOI, this is the largest foreign investment in the mutual fund industry in India. Post the stake sale, Reliance MF will be renamed as Reliance Nippon MF

21 October 2015

Veritas Legal advised Recipharm AB, a Swedish pharmaceutical company on investing $103m (Rs 671.2 crore) in Nitin Lifesciences, an Indian pharma company which was advised by Khaitan & Co.

Veritas partner Partner Nandish Vyas and Associates Natasha Sethna and Tejasvi Saxena acted for Recipharm.

Khaitan Mumbai partner Kalpana Unadkat, senior associate Shweta Dwivedi and associate Bidya Mohanty acted for Nitin Lifesciences.

Recipharm, will buy 74 per cent in Nitin Lifesciences, reported Livemint

12 October 2015

Khaitan & Co and _Skadden, Arps, Slate, Meagher & Flom_ acted for clinical trial service provider Bioclinica in its aqcuisition of global pharmacovigilance, regulatory affairs and IT services provider Synowledge. Synowledge was advised by Goodwin Procter and Nishith Desai Associates (NDA).

Khaitan partner Rajat Mukherjee, executive director Daksha Baxi, associate partner Kabir Bogra, principal associates Monika Srivastava, Ritu Shaktawat and Sameer Sah, associates Nidhi Killawala, Sanchit Agarwal and Shreya Shree and Skadden Arps partner Robert Pincus, counsel Faiz Ahmad and associate Vincent J Cannizzaro acted for Bioclinica.

NDA partners Mansi Seth and Nishchal Joshipura and Goodwin partner Stuart Rosenthal and associate Oreste Cipolla acted for Synowledge.

Synowledge employs around 500 persons in North America, Europe, India and Japan. The founder of Synowledge, Sankesh Abbhi would serve as senior vice president and head of global safety and regulatory solutions at the merged entity reported Outsourcing Pharma.

08 October 2015

J Sagar Associates (JSA) advised renewable energy company BLP Energy on its $33.8m (Rs 220 crore) acquisition by Italy’s Enel Green Power which was advised by Khaitan & Co and Ashurst Singapore and Italy.

JSA partner Sidharrth Shankar and associates Prakriti Jaiswal and CV Srikant acted for BLP

Khaitan Mumbai partner Joy Jacob and Ashurst Singapore partner Keith McGuire acted for Enel.

This year US-based SunEdison and First Solar, Russia’s OAO Rosneft, China’s Trina Solar, Japan’s SoftBank and Taiwan’s Foxconn Technology have either invested or evaluated investing in the Indian renewables sector, reported Mint.

06 October 2015

Nishad Nadkarni will join the Khaitan & Co Mumbai office as an associate partner in its IPR team after resigning from Legasis Partners, reported Bar and Bench.

Nadkarni graduated from Symbiosis Law School in 1999 and has worked at firms such as Singhania & Co, AZB & Partners and DSK Legal before his stint at Legasis Partners.

05 October 2015

Sinha: Returns homeShardul Amarchand Mangaldas Mumbai-based lateral hire Abhishek Sinha, who was reportedly poached in April from Khaitan & Co where he was an associate partner, will return to Khaitan & Co as an associate partner, according to several authoritative sources.

30 September 2015

Calcutta callingKhaitan & Co Kolkata associate partner Sucharita Basu and principal associates Sanjay Basu and Anshumala Bansal left the firm on 19 September, to start up Aquilaw.

22 September 2015

cml0cbynShardul Amarchand Mangaldas (SAM) Delhi partner Nikhil Narayanan has left the firm.

16 September 2015

Khaitan & Co Mumbai associate partner Abhay Sharma will join Shardul Amarchand Mangaldas in Mumbai.

Latest comments