Khaitan & Co advised Itochu Petroleum Co., (Singapore) Pte. Ltd (a subsidiary of Itochu Corporation, Japan) in relation to its subscription of 19.7% stake in Hindustan Aegis LPG Limited for INR 239 crores (USD 37 million approximately). Gahan Singh (Partner), Anuj Sahay (Principal Associate), Jhinook Roy (Senior Associate), Prateek Bhandari (Senior Associate) and Sagar BM (Associate) represented the client on the transaction. Itochu Singapore Pte Ltd. markets and distributes industrial machinery, chemicals, food products, and paper material. Additionally, the company offers aerospace, electronics, multimedia equipment, and power generation machinery. It also distributes cement and gypsum; organic, inorganic, functional, and specialty chemicals; and paper and pulp.