M&AAmarchand maintained its standing as India’s clear M&A leader topping the annual chart for the third year in a row.

Tweet Bharucha & Partners advised social media giant Twitter on its first acquisition in India, in its $30m buy of missed-call marketing platform ZipDial Mobile Solutions, which was advised by AZB & Partners.

Amarchand Mangaldas and K&L Gates advised US-based Par Pharmaceuticals and its wholly-owned Indian subsidiary Par Formulations on its acquisition of Chennai-based Ethics Biolabs, which was advised by HSB Partners.

Amarchand Delhi partners Amit Kumar and Arvind Sharma, principal associate designate Janani Sekhar and senior associate Ananda Malhotra acted for Par Pharmaceuticals.

HSB partners TK Bhaskar and Varun Sriram with associate Anantha Krishnan Iyer acted for Ethics Biolabs and its selling promoters. Ethics conducts “bioavailability, bioequivalence, pharmacokinetic and clinical end point studies for pharmaceutical and biotechnology companies”, started an Amarchand press release. The value of the deal, which closed on 14 January, was confidential.

Rajani Singhania & Partners acted for online financial services marketplace Apna Paisa Marketing and Services and its promoters in its merger with Trilegal-advised Casa Capital Management, which is a financial services holding company.

Rajani Singhania Mumbai partner Preeti Balwani, with senior associate Swati Rout and associate Varun Shah acted for Apna Paisa, while Trilegal Mumbai partner Ashwyn Misra and associate Saswat Subasit acted for Casa Capital.

Casa will take a stake in Apna Paisa, while the Apna Paisa promoters will take compulsorily convertible preference shares of the equity share capital of the merged Apna and Casa entity, which is expected to complete within the next 18 months.

DSK Legal advised Kancor Ingredients in selling a majority stake to French company Mane SA, Switzerland which was advised by Crawford Bayley.

DSK managing partner Anand Desai with partner Ajay Shaw and senior associates Pragya Dhamija and Aditee Mohta acted for Kancor.

Crawford partner Sanjay Asher acted for Mane, which is an associate of V Mane Fils in France. Asher was assisted by principal associate Bhumika Batra and associates Sachita Shetty and Sanskriti Relekar.

The domestic food and beverages supplier Kancor entered into a joint venture with V Mane to develop export products, reported the Business Standard.

Khaitan & Co advised BMM Cements and its promoters on their Rs 560 crore ($90m) buy of Sagar Cements, which was advised by Tatva Legal.

Khaitan Bangalore partner Ganesh Prasad acted for BMM Cements. Tatva Hyderabad partners Shailendra Komatreddy and Rajeev Reddy acted for Sagar Cements.

The deal was approved by Hyderabad-based Sagar’s board of directors In September.

Desai & Diwanji acted for Hyderabad Chemicals and its shareholders in its Rs 450 crore sale of 74 per cent stake to Japanese listed company Nihon Nohyaku which was advised by J Sagar Associates (JSA).

D&D Mumbai partner Vihang Virkar and senior associate Ayesha Rai acted for Hyderabad Chemicals. Virkar said in an email: “The promoters of Hyderabad Chemicals are new clients of the firm and we look forward developing our association with them.”

JSA partner Vikram Ragani with Anand Lakra, Bir Bahadur Singh and Suren Sundaram acted for Nihon Nohyaku, with Japanese law firm Mori Hamada Masumoto.

The Rs 10,000-crore agrochemical industry in India is one of Asia’s largest markets and is expected to attract many more multinational companies for inbound M&A, reported the Economic Times.

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