Khaitan & Co advised Avendus Capital Private Limited (ACPL) and the promoters of ACPL in relation to subscription by KKR, of an additional 9% in the share capital of ACPL, thereby bringing its aggregate holding to 59% and subscription by Gaja Capital, of 7% stake in ACPL for $51m.

Niren Patel (Partner) led the transaction with assistance from Vinita Choudhury (Senior Associate) and Anshuman Bharadwaj (Associate).