News

"ECL Finance, a part of the Edelweiss group, has raised Rs 502 crore by selling masala or rupee-denominated bonds to overseas investors in its debut issuance of such securities. Sun Global Investments, London and Emirates NBD Bank, Dubai are the global coordinators and joint lead managers on the transaction,” reported the Economic Times.

“Wind turbine maker Suzlon Energy on Wednesday said it will sell a 49 per cent stake in its 50 megawatt (MW) solar project in Telangana to wind energy company Ostro Energy, months after selling a project to CLP India,” reported Mint.

Economic Laws Practice Mumbai associate partner Sumit Rai left the firm in October to go into counsel practice.

Luthra & Luthra Mumbai senior banking and finance partner Vijaya Rao is now an of counsel working part time with the firm.

Indian national cricket team captain Mahendra Singh Dhoni and his trademark management firm Rhiti Sports Management secured the domain name www.msdhoni.com in a favourable trademark and personality rights infringement order against David Hanley of New York, who was squatting on the domain name.

Luthra & Luthra Delhi projects partner Rajesh Chavda has left the firm.

Kochhar & Co has added Gulf-based lawyer Nikhat Sardar Khan as a partner in its Dubai office.

Link Legal India Law Services promoted Delhi University 2007 graduates Abhishek Sharma and Sarojanand Jha from associate to associate partner.

HSA Advocates added former Apollo Tyres global chief legal counsel Atulya Sharma as a banking and finance partner, in Delhi.

HLE Engineers made an offer to buy a majority stake in Swiss Glascoat Equipments for $9.4m. Vivro Financial Services is the manager to the open offer, according to the Bombay Stock Exchange announcement.

The Common Law Admission Test (CLAT) is of no interest to the government, submitted the Ministry of Human Resource Development (MHRD) in the Supreme Court yesterday, in response to Shamnad Basheer’s challenge to the conduct of CLAT by national law universities (NLUs).

Phoenix Legal has promoted Mumbai-and-Chennai-based corporate principal associate Sriram Ramachandran to its partnership, with effect from 1 November.

“Internet giants YouTube and Google are in a bind. The Madras high court has directed them to disclose details of a user (Marupakkam Seithigal) who posted a video that a private company (Lebara Foundation) termed defamatory,” reported the Times of India.

The Common Law Admission Test (CLAT) core committee decided to bar candidates above the age of 20 years from appearing in the CLAT, 2017 onward, following the Bar Council of India’s (BCI) September 2016 circular to law schools reinstating the age bar for the LLB degree in India.

"Motilal Oswal Private Equity (MOPE) managed India Business Excellence Fund – II and India Business Excellence Fund – IIA have agreed to invest Rs 100 crore to buy a minority stake in Kolkata based Ganesh Grains. The Kolkata based unlisted firm is engaged in the business of manufacturing and selling of branded food staple,” reported the Economic Times.

Tata Sons’ former chairman Cyrus Mistry, who was unexpectedly fired from the organisation on Monday, has reportedly decided to approach the Bombay high court challenging his dismissal, although we understand that no case has been filed yet.