Khaitan & Co advised Jupiter International Limited (“Jupiter”) and its promoters in relation to an investment of approximately INR 300 Crores in Jupiter led by ValueQuest SCALE Fund (“ValueQuest”) and certain other investors, by way of primary subscription, for a minority stake in Jupiter.
The core team consisted of Shourya Sengupta (Lead Partner), Arka Banerjee Chowdhury (Senior Associate), Shramana Dwibedi (Senior Associate), Joysurjo Roy (Associate) and Unnati Khanna (Associate).
Vendors due diligence aspects:
• Energy, Infrastructure and Resources: Gahan Singh (Partner), Himanshu Tripathi (Principal Associate), Satwik Bapat (Associate), Jishan Dediwal (Associate), Nazish Prabhakar (Associate), Arnav Mohapatra (Associate), Ekta Tiwari (Associate) and Simran Sabharwal (Associate)
• Employment Labour and Benefits: Jeevan Ballav Panda (Partner)
• Indirect Tax Aspects: Arvind Baheti (Executive Director) and Rahul Dhanuka (Partner)
• Other assistance: Sneh Lata (Principal Associate), Sruti Baid (Principal Associate)
The Firm was involved in the following:
The firm assisted Jupiter in structuring the transaction, which involved undertaking a comprehensive due diligence, as well as drafting, reviewing, negotiating, and finalising the transaction documents and ancillary documents. The firm also provided its assistance with completion of procedural compliance requirements in respect of the transaction.