{"id":300899,"date":"2023-09-06T14:30:21","date_gmt":"2023-09-06T09:00:21","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=300899"},"modified":"2023-09-12T11:11:13","modified_gmt":"2023-09-12T05:41:13","slug":"khaitan-co-advises-house-of-kieraya-pvt-ltd-strategic-acquisition-of-35-stake-by-sheela-foam-ltd","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2023\/09\/06\/khaitan-co-advises-house-of-kieraya-pvt-ltd-strategic-acquisition-of-35-stake-by-sheela-foam-ltd\/","title":{"rendered":"Khaitan &amp; Co. advises House of Kieraya Pvt. Ltd. in relation to Strategic acquisition of 35% stake by Sheela Foam Ltd. in House of Kieraya Pvt. Ltd."},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"text-align: center; font-weight: bold; font-size: 14.0pt;\">DEAL DETAILS<\/p>\n<table style=\"border-collapse: collapse; margin-left: 0.16mm; margin-right: auto; table-layout: auto; width: 300.84mm; border-style: none;\">\n<colgroup>\n<col width=\"751\" \/><\/colgroup>\n<tbody>\n<tr>\n<td style=\"background-color: #d3d3d3; vertical-align: top; width: 198.84mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p style=\"margin-bottom: 0.0mm; font-weight: bold; font-size: 11.0pt;\">House Of Kieraya Private Limited (Formerly Kieraya Furnishing Solutions Private Limited (Dba Furlenco)) | Strategic acquisition of 35% stake by Sheela Foam Limited<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-bottom: 3%;\">Khaitan &amp; Co advised House Of Kieraya Private Limited (dba Furlenco) in relation to strategic investment by Sheela Foam Limited in House Of Kieraya Private Limited (dba Furlenco) for acquiring 35% stake, through primary subscription to various securities.<\/p>\n<p>The core team consisted of Kumar Kartikeya Prakash (Partner), Rohan Shrivastava (Principal Associate), Sivananda Pingali (Senior Associate), Tanvi Tekriwal (Senior Associate) with assistance from the following:<\/p>\n<p style=\"margin-bottom: 3%;\">Additional assistance for finalising CP and closing documents.: Nikhil Singh (Associate)<\/p>\n<p style=\"margin-bottom: 3%;\">The Firm assisted with the preparation, negotiation and finalisation of the transaction documents, closing assistance and other ancillary advise to the company in relation to the transaction.<\/p>\n<\/div>\n<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\">\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The core team consisted of Kumar Kartikeya Prakash (Partner), Rohan Shrivastava (Principal Associate), Sivananda Pingali (Senior Associate), Tanvi Tekriwal (Senior Associate)<\/p>\n","protected":false},"author":8808,"featured_media":300911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[50442,60782,6791,60781,60780,60779],"class_list":["post-300899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-deal-details","tag-house-of-kieraya-pvt-ltd","tag-khaitan-co","tag-negotiation-and-finalisation","tag-primary-issuance-of-securities","tag-sheela-foam-ltd"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Khaitan &amp; Co. advises House of Kieraya Pvt. 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The team assisted in diligence, structuring, drafting, negotiation, execution and closing of definitive agreements. The core team consisted of Akshay Malhotra (Partner), Gahan Singh (Partner), Ishita Gupta (Senior Associate),\u2026","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"Inox Green Energy","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/03\/MicrosoftTeams-image-792.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/03\/MicrosoftTeams-image-792.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/03\/MicrosoftTeams-image-792.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/03\/MicrosoftTeams-image-792.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":266559,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/05\/06\/khaitan-co-advised-upgrad-education-private-limited-in-relation-to-acquisition-of-53-73-share-capital-of-insofe-education-private-limited\/","url_meta":{"origin":300899,"position":3},"title":"Khaitan &#038; Co advised upGrad Education Private Limited in relation to acquisition of 53.73% share capital of INSOFE Education Private Limited","author":"Bhumika Indulia","date":"May 6, 2022","format":false,"excerpt":"Khaitan & Co advised upGrad Education Private Limited in relation to acquisition of 53.73% share capital of INSOFE Education Private Limited. NO HEADINGS DETAILS 1. Sector \u00a0Education Services 2. Announcement Date 02-May-2022 3. Completion Date \u00a0 4. Name of Client Upgrad Education Pvt Ltd 5. 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