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Khaitan & Co advised ITOCHU Corporation on its acquisition of a portion of the equity securities of Aegis Terminal (Pipavav) Limited from Aegis Vopak Terminals Limited, facilitating ITOCHU’s participation in India’s first independent ammonia storage terminal at Port Pipavav, Gujarat.
The transaction involves the upfront acquisition of a majority stake in Innovist through an all-cash secondary purchase of shares from its promoter and existing shareholders.
The transaction involved 32 sellers, comprising the founders, the Institutional Sellers and angel investors.
U M Cables is a wholly owned subsidiary of Usha Martin Limited and is engaged in the manufacture and sale of optical fibre and related cables.
Fox & Mandal advised on deal structuring, legal due diligence, incentive plan structuring, transaction documentation and negotiations through to closing.
Khaitan & Co. advised on Dilip Buildcon Limited’s proposed divestment of a 49% equity stake in ten special purpose vehicles to Alpha Alternatives Fund Advisors LLP, involving a 1,363 MW (AC) solar portfolio across Madhya Pradesh, with an estimated enterprise value of ₹6,829 crore.
The acquisition brings together two established investment management platforms with complementary synergies. As part of the transaction, Mr. Samit Vartak will be appointed as Chief Investment Officer — Equities at ASK IM for the combined business.
Cyril Amarchand Mangaldas advised Linux Laboratories Private Limited on the acquisition of a stake by ChrysCapital and Tata Capital Healthcare Fund III, alongside the exit of Tata Capital Healthcare Fund II.
The Oxane Partners group is engaged in the business of providing technology-enabled solutions for private credit markets.
Cloud Wave is an India-based Company in the business of precision machining, sheet metal fabrication, tooling, plastic injection moulding, plastic 3D printing, surface treatment, power press parts, for aerospace and defense/semiconductor applications.
The transaction results in a 100% acquisition of TAO Digital Solutions Inc., an US company which specializes in AI, data and cloud technologies, delivering solutions across a range of industry verticals.
The transaction is subject to regulatory approvals and shareholder and creditor approvals will be sought for the amalgamation.
The business transfer agreement was signed on August 17, 2026; and closing of the sale is subject to completion of the conditions set out under the business transfer agreement.
Cyril Amarchand Mangaldas advised Saints & Masters Private Ltd. on its strategic buyout of Xencia, a leading Cloud Solution Provider.
The Transaction is structured as an interconnected multi-jurisdictional acquisition, with simultaneous closing across jurisdictions.
Following the transaction, Arai Solutions has become a wholly owned subsidiary of IKS.
Shardul Amarchand Mangaldas & Co.acted as the legal advisor to Reddy Investment Trust on the sale of certain shares held by it in Aragen Life Sciences.