Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.

Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.

Cyril Amarchand Mangaldas is advising the Adani-held Ambuja Cement on its acquisition of 46.8 percent controlling stake in Orient Cement (OCL) for approximately $451 million. Khaitan & Co is representing OCL on the deal.

Tax-focussed Economic Laws Practice has continued its strategic diversification into other practice areas with the addition of Khaitan & Co partner Sudip Mullick, who was a partner in the real estate and construction practices and spearheaded that firm’s hospitality group.

Khaitan & Co has advised Samvardhana Motherson, one of the world’s largest suppliers of automotive components, on its recent $771 million fundraise through a qualified institutional placement (QIP)

Cyril Amarchand Mangaldas has advised Indian home-loan financier Bajaj Housing Finance (BHF) and its promoter Bajaj Finance on BHF’s $782 million initial public offering, with Khaitan & Co and Linklaters representing the book-running lead managers to the offer.

Cyril Amarchand Mangaldas has advised Brigade Enterprises, a real estate developer in India, on its fundraising through qualified institutional placement (QIP) of equity shares totalling approximately $179 million. Khaitan & Co and Hogan Lovells Lee & Lee advised the book-running lead managers to the deal.

Khaitan & Co has continued the expansion of its Ahmedabad office by hiring Mudit Shah from Cyril Amarchand Mangaldas as a partner in its real estate and corporate practice in the city.

Khaitan & Co and Cleary Gottlieb Steen & Hamilton have advised Just Climate, an Al Gore-backed asset fund management firm, on its $150 million investment into Indian renewable energy group Continuum Green Energy, which was represented by Trilegal.

Khaitan & Co has advised UltraTech Cement, India’s largest cement company, on its acquisition of a majority stake in rival India Cements for 39.54 billion rupees ($421 million).