The Legal 500

Khaitan & Co.

ONE INDIABULLS CENTRE, 13TH FLOOR, TOWER 1, 841 SENAPATI BAPAT MARG, MUMBAI 400 013, INDIA
Tel:
Work +91 22 6636 5000
Fax:
Fax +91 22 6636 5050
Email:
Web:
www.khaitanco.com
Bangalore, Kolkata, Mumbai, New Delhi

India

Banking and finance
Banking and finance - ranked: tier 1

Khaitan & Co.

At Khaitan & Co., the ‘first-rate’ group offers ‘pragmatic and sound advice’ to borrowers and lenders alike. The team is jointly led by Shishir Mehta and Devidas Banerji and acts on domestic and international lending, aviation and project financings, capital markets, and debt restructuring matters. The client roster includes YES Bank, ICICI Bank and Standard Chartered.

Leading individuals

Haigreve Khaitan - Khaitan & Co.

Ravi Kulkarni - Khaitan & Co.

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Capital markets
Capital markets - ranked: tier 1

Khaitan & Co.

The team at Khaitan & Co. acts for issuers and underwriters on the full range of equity and debt transactions, and has been involved in some of the largest and most challenging deals in the country. The group advised Inox Wind on its $164m IPO. It has also handled some of the largest QIPs of recent times such as Dewan Housing Finance’s $130m QIP, and CESC Limited’s $82m QIP. Nikilesh Panchal is noted, as is Abhimanyu Bhattacharya, who joined from Amarchand Mangaldas Suresh A. Shroff & Co.

Leading individuals

Ravi Kulkarni - Khaitan & Co.

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Corporate and M&A
Corporate and M&A - ranked: tier 1

Khaitan & Co.

Khaitan & Co. is a ‘heavyweight’ firm in the corporate and M&A space that ‘stands out’ thanks to ‘its strong level of service’. The group acts for local and international corporations on transactions spanning a range of sectors. Recently the firm has been particularly active assisting Indian companies with acquisitions and investments in the US, Europe, South East Asia and Africa. Work highlights included advising Apax Partners on the $4bn sale of a controlling stake by IGATE to CapGemini, and assisting Emperador with the Indian elements of its $729m acquisition of Whyte & Mackay from United Spirits. The team also acted for Jasper Infotech (Snapdeal.com) during its acquisition of Freecharge.com, which was one of India’s largest transactions (based on value) in the e-commerce sphere. Ravi Kulkarni, Haigreve Khaitan, Rabindra Jhunjhunwala, Bharat Anand and Rajat Mukherjee are key contacts.

Leading individuals

Haigreve Khaitan - Khaitan & Co.

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Dispute resolution
Dispute resolution - ranked: tier 1

Khaitan & Co.

Khaitan & Co. serves clients across the country in the judicial, arbitral and administrative arenas. Its large disputes practice receives instructions from an array of corporations in several industries including natural resources, infrastructure, telecoms and energy. The team recently acted for Great Eastern Energy Corporation in a petition challenging sections of the Competition Act. It also represented a high-profile corporation in a contentious issue attracting national interest involving offences allegedly committed by influential public figures. Ajay Bhargava, Vanita Bhargava and Chakrapani Misra are the names to note.

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Intellectual property
Intellectual property - ranked: tier 2

Khaitan & Co.

The ‘prompt, practical and experienced’ team at Khaitan & Co. provides ‘on-point and business-minded advice’, and handles all elements of IP law including prosecution, drafting and litigation; the department recently represented Maschinenfabrik Rieter in filing opposition proceedings against Lakshmi Machine Works. Jose Madan leads the practice, and clients also recommend the ‘commercial and responsive’ principal associate Shailendra Bhandare.

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Investment funds
Investment funds - ranked: tier 2

Khaitan & Co.

Khaitan & Co. acts for domestic and international clients on fund structuring, and the regulatory aspects of private and mutual funds. The team was bolstered through the arrivals of Siddharth Shah and Bijal Ajinkya from Nishith Desai Associates. Clients include Piramal Fund Management and Sequoia Capital.

Leading individuals

Siddharth Shah - Khaitan & Co.

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Projects and energy
Projects and energy - ranked: tier 1

Khaitan & Co.

Khaitan & Co.’s experience spans the full spectrum of project and energy work, with significant expertise in the coal and thermal power sectors. The team recently advised Avantha Power & Infrastructure on its acquisition of Korba West Power Company. Other clients include CESC, INOX Wind and KEC International. Amitabh Sharma is the primary contact.

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Real estate and construction
Real estate and construction - ranked: tier 2

Khaitan & Co.

Khaitan & Co. is ‘very good on all counts’, has extensive experience in handling dispute resolution, transactional matters and also advises clients construction contracts. Clients include Zuari Infraworld India, Mahindra & Mahindra Group and Indiabulls Real Estate. Sudip Mullick, Savita Singh and Abhishek Sharma are recommended.

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TMT
TMT - ranked: tier 2

Khaitan & Co.

Khaitan & Co. covers all elements of TMT work for domestic and international clients, with examples including advising Apax Partners on the sale of a stake in the company to Capgemini, and assisting Jasper Infotech on its acquisition of FreeCharge.com. Haigreve Khaitan and Rajiv Khaitan are the names to note.

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Tax
Tax - ranked: tier 1

Khaitan & Co.

The dedicated tax team at Khaitan & Co. provides ‘a very high level of service’ for clients on issues including direct and indirect tax, regulatory matters and dispute resolution. It recently advised Temasek Holdings on all tax aspects of its purchase of Manthan Software Services. Daksha Baxi, Nihal Kothari and Sanjay Sanghvi are recommended.

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Further information on Khaitan & Co.

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Legal Developments by:
Khaitan & Co.

  • SEBI’s Jurisdiction | Analysis of the Supreme Court judgment in the Sahara case

    The Securities and Exchange Board of India (SEBI) is responsible for investor protection and development and regulation of the securities market in India. The scope of SEBI’s jurisdiction over the issue of securities by public companies is an important issue. This issue was recently considered by the Supreme Court in Sahara India Real Estate Corporation Ltd. and Ors. v. Securities and Exchange Board of India and Anr., MANU/SC/0702/2012; (2012) 8 SCALE 101. This article analyses this judgment and its implications.
    - Khaitan & Co.

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