Khaitan & Co acted as domestic counsel to the issue in relation to HCL Infosystems Limited’s rights issue of 106,190,299 equity shares aggregating to USD 78 million approximately. Additionally, assisted in the reclassification of 10 of the 14 erstwhile promoters/promoter group entities as public shareholders prior to the launch of the issue. Sudhir Bassi (Executive Director), Gautham Srinivas (Partner), Chirayu Chandani (Principal Associate) and Pranav Agarwal (Associate) represented the client on the transaction, with assistance from Prakhar Maheshwari (Associate). HCL Infosystems Limited operates as an IT services, distribution, and digital solutions company primarily in India. It operates through Distribution, Hardware Products and Solutions, Services, and Learning segments.