S&R Associates acted the Vodafone Group in its sale of $200m Bharti Infotel, representing around 4.2% interest in Bharti Airtel, to Bharti Enterprises, which was represented by AZB & Partners.

S&R partner Rajat Sethi and associates Tanya Aggarwal and Lakshmi Pradeep acted for Vodafone.

AZB Delhi partner Gautam Saha acted for long-standing client Bharti.

The sale was made due to a telecoms department directive restricting any group from holding stakes in more than one telecom licensee in one area, reported Reuters

Shardul Amarchand Mangaldas (SAM) advised Himachal Pradesh-based SBS Biotech on selling for Rs 1,651 crore its hair and scalp care businesses Kesh King and Kesh Pari to FMCG player Emami, which was advised by Khaitan & Co.

SAM partners Jatin Aneja, Anubhuti Agarwal and Dev Robinson, principal associate Siddhartha Sen and associate Madhur Chopra acted for SBS Biotech.

Khaitan partners Haigreve Khaitan and Adheesh Nargolkar, associate partner Surbhi Kejriwal, senior associate Abhishek Thanvi and executive director Dinesh Agarwal acted for Emami.

Kesh King and allied brands had a revenue of Rs 300 crore in 2014-15 and have been growing at an average of 68 per cent a year for the last three years, while Emami, which makes a first foray into the hair and scalp care business with this acquisition, had reported a 20.7 per cent year-on-year rise in net profit to Rs 486 crore for 2014-15, and a 21.8 per cent rise in revenue to Rs.2,217 crore, reported Mint.

AZB & Partners advised global Argentina-founded IT and software development company Globant on buying, for up to around $25m, Pune-based product engineering firm Clarice Technologies which was advised by Khaitan & Co.

AZB Bangalore partner Anind Thomas and senior associate Percis Anklesaria acted for Globant.

Khaitan Bangalore partner Rajiv Khaitan, associate partner Vinay Joy and associates Karandeep Makkar and Kirti Krishna acted for Clarice.

The deal is worth Rs 125 to Rs 160 crore, reported the Economic Times.

M&A League TablesIn what will possibly have been its last quarter of existing as a single firm, Amarchand Mangaldas again acted on the most valuable M&A deals though AZB & Partners emerged as the firm with the largest number of recorded transactions.

The firm of former AZB & Partners CEO Abhijit Joshi, Veritas Legal, has advised German specialty chemicals company Evonik on its acquisition of Mumbai-based catalyst supplier Monarch Catalyst, which was advised by J Sagar Associates (JSA) partner Sandeep Mehta.

The value of the purchase of the family owned company founded in 1973 was not disclosed. It is expected to close in the first half of 2015, reported Mint.

wcug12jeJ Sagar Associates (JSA) advised Reliance Infra on its Rs 819 crore ($130m) acquisition of 18 per cent stake in Pipavav Defence and Offshore Engineering which was advised by K Law and Crawford Bayley.

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