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Khaitan & Co advised Aditya Birla Digital Fashion Ventures Limited (ABDFVL) on its acquisition of the remaining 15.62% stake in Imperial Online Services Private Limited (Urbano Fashion), making Urbano Fashion a wholly owned subsidiary of ABDFVL.
The transaction values Lynks at INR 500 crores and is expected to strengthen Udaan’s presence across key consumption markets in India.
CAM advised on all aspects of the Transaction, including the legal due diligence and the transaction documents.
The Transaction is expected to close in Q1 2027, subject to receipt of required regulatory approvals and satisfaction of other customary closing conditions.
The transaction was led by Aashima Johur, Partner; with support from Medhashree Verma, Senior Associate.
As part of the transaction, upGrad acquired 100% of the share capital of Unacademy from its existing shareholders in consideration for the issuance of upGrad securities, deal valued at approximately USD 206 million. The transaction also contemplates the eventual merger of Unacademy into upGrad.
CAM’s role included advising and assisting with the structuring and compliances with applicable legal and regulatory requirements as well as drafting and finalising of documents, disclosures and filings, in relation to the Preferential Issue.
The Firm conducted a comprehensive review of the Company’s legal, regulatory and operational matters and prepared the vendor due diligence report which included an assessment of the key legal risks and considerations relating to the Company and its business.
The Transaction is proposed to be completed in tranches and remains subject to regulatory approvals.
The transaction also marks the beginning of a broader strategic collaboration between Parijat and HELM, spanning across digital commerce, branded crop protection products, technical manufacturing and international distribution.
CAM advised Hero MotoCorp Limited in connection with acquisition of additional stake of ~INR 1,758 crore in Ather Energy Limited, a listed company, by way of a secondary purchase.
The S&R team was led by partner Jabarati Chandra, and included associate Ayushi Shrivastava.
The share exchange ratio is 25 equity shares of IHCL for every 117 equity shares of OHL, on an all-stock basis, with completion targeted in the second half of FY2028 and an Appointed Date of April 1, 2027.
IBCL and ZCPL have entered into a share purchase agreement with the promoters of the Target Company to acquire 2,38,44,000 equity shares held by them.
Cyril Amarchand Mangaldas has advised Neo Wealth Partners on its INR 230 crore investment in Keertana Finserv Ltd., marking a significant transaction in India’s financial services sector.
The transaction will lead to simplification of L&T’s group structure, enhanced operational clarity and optimised corporate holding structure, better aligned with L&T’s business requirements.
Khaitan & Co advised India Resurgence Fund, on its acquisition of a significant majority stake in Fine Edge Engineering Private Limited (housing the precision machined castings business of Ashok Iron Works Group).
S&R Associates represented MiddleGround Capital on Indian legal aspects of the sale of Dura Driver Control Systems to Aspire Biopharma Holdings, Inc., a listed U.S. biopharmaceutical company.
The Company is a private life insurer registered with the Insurance Regulatory and Development Authority of India (“IRDAI”). The other shareholders of the Company include Bank of Baroda and Union Bank of India.
HCLTech is a leading global technology company, home to more than 223,000 people across 60 countries, delivering industry-leading capabilities centered around AI, digital, engineering, cloud and software, powered by a broad portfolio of technology services and products.