Corporate / M&A
Corporate M&A ALMT Legal in Bangalore and Malaysian law firm Zuraidah Naziha & Fadly advised Indian developer Davanam Constructions and Ascenteus Holdings of Malaysia in their $350m joint venture hotel project.
Corporate M&A Desai & Diwanji and Tatva Legal, with Davis Polk & Wardwell and Richards Butler advised on private equity house Quadrangle Capital and others' $300m investment in India's second largest operator of telecoms towers Tower Vision India.
Corporate M&A Khaitan & Co and Naik Naik & Co have advised multiplex owner INOX Leisure in acquiring a 43.28 per cent stake of the promoter group of rival multiplex chain Fame India for Rs 66.34 crore.
Corporate M&A
Mumbai firm Gagrats and Link Legal have advised on the joint venture (JV) between Jet Airways and GMR Hyderabad International Airport and Malaysian Aerospace Engineering.
Corporate M&A
Wadia Ghandy Mumbai and Amarchand Mangaldas Delhi have helped GTL Infrastructure in acquiring Aircel's telecom tower business in an all-cash deal valued at Rs 8,400 crore ($1.84bn).
Corporate M&A
Desai & Diwanji acted on 24 M&A deals in the 2009 calendar year, placing it at the top of data provider mergermarket's M&A league table by volume. Amarchand Mangaldas topped the table by value, having advised on M&A deals worth $6.4bn in 2009, while Khaitan & Co and AZB & Partners also gave a strong showing.
Corporate M&A
Crawford Bayley and Khaitan & Co have advised on the $400m (Rs 1,900 crore) takeover of listed Chennai pharmaceutical company Orchid Chemical & Pharmaceutical by US pharma major Hospira.
Corporate M&A
J Sagar Associates (JSA) and Trilegal have represented Asia Pacific Breweries (APB) and Heineken International respectively on brokering the agreement to allow United Breweries (UB) to make Heineken brand beer in India.
Corporate M&A
Khaitan & Co Bangalore and local boutique Menon Associates have advised on the MindTree acquisition of US handset maker Kyocera Wireless' Indian arm for Rs 29 crores ($6m) and further consideration linked to future revenues.
Corporate M&A
Luthra & Luthra's and Kochhar & Co's Delhi offices have advised on the 69 per cent acquisition of NDTV Lifestyle by US company Scripps Networks Interactive for Rs 254.5 crores ($55m).
Corporate M&A
Amarchand Mangaldas Mumbai has advised Aditya Birla Group in the series of mergers between Grasim Industries, Samruddhi Cements and UltraTech Cements, creating India's largest and the world's tenth largest cement manufacturer.
Corporate M&A
J Sagar Associates (JSA) and Luthra & Luthra co-ordinated the Rs 62.2 crore ($13.5m) cash and equity acquisition of DLF-owned DT Cinemas chain by entertainment chain PVR.
Corporate M&A
For the first time this year, Desai & Diwanji and Khaitan & Co are leading the third quarter Indian M&A rankings both by value and volume of deals, pushing Amarchand Mangaldas two places down mergermarket's value league table compared to three months ago.
Corporate M&A
Amarchand Mangaldas, AZB & Partners and Luthra & Luthra have benefited the most from the dash to hit the markets by month-end, as 16 companies filed draft initial public offering (IPO) prospectuses in the last two weeks.
Corporate M&A
AZB Mumbai partner Shuva Mandal led the team for DSP Merrill Lynch and Citigroup, which were mandated by the company for the share sale.
Corporate M&A
AZB & Partners, Khaitan & Co and Jones Day's Hong Kong office have advised Jai Balaji Industries on its proposed Rs 450 crore ($94m) qualified institutional placement (QIP), which is yet to be announced.