Cyril Amarchand Mangaldas acted as legal counsel to Jio Platforms Limited for its proposed initial public offering of equity shares. The company has filed a draft red herring prospectus for an offer of up to 270 million equity shares as part of the proposed IPO.
Shardul Amarchand Mangaldas & Co. advised SolarSquare Energy Private Limited on its USD 53 million (around INR 508 crore) Series C funding round. Led by B Capital, the investment also saw participation from Lightspeed, Lowercarbon Capital, Good Capital, Zerodha, and Better Capital.
M. K. Sons Fine Jewels Limited has proposed an IPO of up to 17 million equity shares, comprising a fresh issue of 13.6 million shares and an offer for sale of 3.4 million shares. Kanga & Co is advising both the company and lead manager Aryaman Financial Services on the transaction.
Representing JSW Energy and JSW Steel, Cyril Amarchand Mangaldas secured a significant Karnataka High Court ruling quashing KERC’s captive status verification procedure. The judgment provides major relief to captive power users and reinforces the regulatory framework governing captive power projects.
Khaitan & Co advised Peak XV Partners and Sofina on their investment in FirstClub’s Series B funding round, alongside Accel, RTP Global and Paramark Ventures. FirstClub operates across wholesale trading, logistics, warehousing, last-mile delivery, IT support and related business services.
DSK Legal advised Ceres Foods Private Limited and its founder Deb Shankar Mukherjee on a major institutional fund raise. The transaction supports the expansion of MOI SOI, the rapidly growing pan-Asian food and beverage brand, and strengthens its future growth plans.
CMS INDUSLAW advised Anveshan on its Rs.150 crore Series B fundraise led by Vertex Ventures and IFC Co-Invest, with participation from Swiggy co-founder Sriharsha Majety and existing investors. The funding round marks a significant milestone for Anveshan Farm Technologies, attracting strong investor interest and supporting the company’s future growth and expansion plans.
Reliance Industries has partnered with Meta to establish a 168-megawatt AI data centre in Jamnagar, Gujarat, aimed at supporting Meta’s growing artificial intelligence and computing requirements. Khaitan & Co advised Reliance on the landmark transaction, leading the legal advisory work.
S&A Law Offices advised AI Assets Holding Limited (AIAHL) on the successful sale and transfer of Mumbai’s iconic Air India Building at Nariman Point to the Government of Maharashtra through the Governor of Maharashtra. The landmark transaction was completed for a total consideration of Rs.1,601 crore, marking one of Mumbai’s most significant real estate deals in recent years.
Khaitan & Co successfully secured the acquittal of SKS Ispat & Power Limited and its directors in a CBI coal block allocation case before the Special Judge (PC Act), Rouse Avenue District Court, New Delhi. The court found insufficient evidence to sustain the charges.
