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Latest Deals and Instructions

Reliance Industries with AZB buys $217m of Khaitan & Co-client Oberoi

Corporate / M&A

oberoi-trident-hotel_by_Humayunn_NA_PeerzaadaAZB & Partners and Khaitan & Co have assisted in Mukesh Ambani's Reliance Industries Rs 1020 crore ($217m) buy today of a 14.12 per cent stake in the Oberoi hotel and resort chain owners.

 

KhaitanCo, Majmudar give French IT Co Indian $99m foothold

Corporate / M&A

Khaitan & Co and Majmudar & Co have advised French IT services group Atos Origin in its 100 per cent acquisition of Indian e-payments processing unit Venture Infotek Global for around $99m in order to set-up an integrated Hi-Tech Transactional Services (HTTS) company Atos Wordline in India.

 

LexCounsel continues carving out education sector focus with Educomp, Leapstart investments

Private equity / VC

LexCounsel has advised longstanding clients Educomp Solutions on its 67 per cent acquisition of engineering coaching institute Vidya Mandir for Rs 34 crore and venture capital (VC) fund Leapstart Trust on its second portfolio investment into hospitality service provider Bliss Inns.

 

Khaitan settles $2.9m German v Sesa Goa maritime arbitration

Litigation

Khaitan & Co along with London-based marine insurance and admiralty specialist Walton & Morse LLP have settled $ 2.9 m dispute between Sesa Goa and a German Shipping conglomerate following an international maritime arbitration.

 

AZB, Lexygen, Luthra advise on PE healthcare buy from Sequoia

Private equity / VC

Private equity (PE) boutique firm Lexygen advised TA Associates in acquiring a nearly 16 per cent stake in Luthra & Luthra's clients Dr Lal PathLabs for Rs 163 crore by picking up half of Sequoia Capital’s stake in the diagnostics and pathology services company.
 

Khaitan & Co closes $1.7bn Reliance shale gas buy in Pennsylvania

Corporate / M&A

Khaitan & Co and US firm Vinson & Elkins advised Reliance Industries (RIL) in its $1.7bn acquisition of a 40 per cent stake in Pennsylvania-based Atlas Energy in a joint venture for the development of 300,000-acres of natural gas deposits.   
 

Amarchand, Dorsey win Power Grid FPO over Luthra, FoxMandal

Capital Markets

power-line-by_abooth202Amarchand Mangaldas and Dorsey & Whitney have won the government's mandate on the $1.8bn follow-on public offer (FPO) by Power Grid Corporation of India.
 

CBS tunes in to JSA for Reliance television JV

Corporate / M&A

television-old_by-A3RNishith Desai Associates (NDA) and J Sagar Associates (JSA) have inked a joint venture (JV) between Reliance Broadcast Network and US TV giant CBS Studios International respectively to pave the way for the creation of three new television channels and Reliance group’s foray into the television broadcasting industry.
 

S&R cross-sells from cap markets to $9.6bn Cairns-Vedanta M&A

Corporate / M&A

mine-open-by_cogdogS&R Associates has landed the $9.6bn corporate takeover of long-groomed client Cairns India by UK mining giant Vedanta Resources, which was advised by AZB & Partners as Scottish firm Shepherd and Wedderburn and US firm Latham & Watkins stepped up internationally.
 

Five firms close MakeMyTrip Nasdaq debut in one year's hottest US IPOs

Capital Markets

Latham & Watkins with S&R Associates and Shearman & Sterling with Amarchand Mangaldas' Delhi and Mumbai office presided over the New York initial public offering (IPO) of India's largest online travel agency MakeMyTrip, raising $70m and seeing record first-day trades.
 

FoxMandal, Gide win latest disinvestment as fee quotes hit record low

Capital Markets

miningFoxMandal Little and French international firm Gide Loyrette Nouel won the government's mandate to take Manganese Ore (India) Ltd (MOIL) to its initial public offering (IPO) by putting in the lowest bid-price yet compared to recent disinvestments.
 

Norton Rose, Corrs sell $3bn Oz mining concession to Adani Group

Corporate / M&A

Norton Rose has advised Australian miner Linc on its sale a $3bn coal tenement in Queensland to a subsidiary of the Adani Group, which was advised by Australian firm Corrs Chambers Westgarth.
 

JSA gets court to order SEBI to decide on MCX stock exchange

Litigation

stock_exchange_chartJ Sagar Associates (JSA) has won a Bombay High Court order for its long-standing client MCX Stock Exchange, which ordered the Securities and Exchange Board of India (SEBI), which was represented by Mumbai law firm K Ashar & Co, to make a decision on whether to allow MCX to become a full-fledged stock exchange.
 

Bhasin & Co wins ruling that hospitals not criminally liable for doctors' negligence

Litigation

hospital_by_bolistonBhasin & Co won a favourable verdict for its longstanding clients Apollo Hospitals that absolved the hospital company of any criminal liability for the individual negligent act of its doctor because mens rea or guilty intention cannot be ascribed to a company which is only a juristic person.
 

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