Khaitan & Co advised Fullife Healthcare Private Limited, the company behind leading wellness brands Fast&Up and Chicnutrix, in securing a Rs.300-crore Series D round from Elev8 Venture Partners and its affiliates, supporting the company’s continued expansion and growth.
Samvad Partners advised Stride Ventures on its Rs.20-crore investment in Flat White Capital Private Limited, the operator of the Indiagold platform. The deal involved Stride Ventures subscribing to a mix of non-convertible debentures and partly paid-up shares.
Trilegal advised the Neo Secondaries Fund on its primary and secondary investment in Baldor Technologies (IDfy), as Neo Asset Management led a INR 476 crore funding round through its flagship private equity vehicle to support IDfy’s growth plans.
The Government introduced the Bhartiya Vayuyan Vidheyak Bill 2024 to replace the outdated Aircraft Act of 1934, aligning with the Aatmanirbhar Bharat initiative to boost business efficiency in the civil aviation sector. The bill aims to streamline processes, enhance regulatory clarity, and empower the government to manage airspace effectively, but has sparked controversy over its Hindi naming.
The Supreme Court has requested the state of Tamil Nadu to clarify the infractions committed by the Vedanta copper smelter facility in Tuticorin, Tamil Nadu, to substantiate its closure. The case, dating back to 2018, revolves around allegations of severe pollution and health issues. The arguments are set to continue on February 29.
