Link Legal India Law Services has hired AZB & Partners senior associate Ashutosh Narang as an associate partner in its Mumbai banking and finance team.

"Canadian Solar Inc. and China’s Unisun Energy Group bought 49 per cent stakes in solar projects being developed by Suzlon Energy,” reported Mint.

Link Legal India Law Services (LLILS) promoted banking and finance associate partner Anurag Dwivedi to partner.

T&T Law founder and managing partner Rohit Tandon has declared Rs 125 crore in unaccounted income to the tax department, after a raid on his residence and office around 6 October, we have learned from authoritative sources with knowledge of the matter.

"Online travel firm MakeMyTrip Ltd has agreed to buy Ibibo Group’s travel business in India in an all-stock deal, creating the country’s largest online travel firm which, according to a note by Morgan Stanley, is worth $1.8 billion. The deal value wasn’t announced, but the $1.8 billion valuation and the fact that Ibibo’s owners, Naspers and Tencent, end up with a 40% stake in the merged entity, translate into a transaction worth $720 million. Naspers owns a third of Tencent, its most valuable investment.” reported Mint.

i4p2j4a3MDP & Partners added former Elara Capital global legal head Rakesh Puri, as an associate partner and head of the firm’s banking and capital markets practice.

"Fortis Healthcare has completed the acquisition of 51 per cent stake in Fortis Hospotel Ltd and also acquired compulsorily convertible preference shares issued by Escort Heart Institute and Research Centre,” reported the Economic Times.

Dua Associates has reabsorbed its former fee earner R Ganesh, in its Chennai office as partner in the firm, after Dua’s Chennai partner Aarthi Narayanan left to join Shardul Amarchand Mangaldas.

HSA Advocates will beef up its small Kolkata outpost with two partners: former Argus Partners co-founder Ramya Hariharan and Paras Kuhad Associates (PKA) litigation partner Prateek Ghosh, who heads up PKA’s office, we have confirmed from authoritative sources aware of their moves.

Shardul Amarchand Mangaldas equity partner Kalpataru Tripathy has resigned from the firm, according to two authoritative sources.

Kochhar & Co has hired Sarika Raichur as a partner in Delhi focusing on corporate and private equity, merging part of the firm she had started.

Did Shardul Shroff induce CAM Chennai to break their contracts over WhatsApp or was it just good advice?According to the allegations in the Bombay high court section 9 petition against former Cyril Amarchand Mangaldas (CAM) Chennai partner Dorothy Thomas, Thomas “in direct collusion with” Shardul Amarchand Mangaldas instructed associates to “extract confidential files” of CAM’s “in a systematic and pre-planned manner” from 26 September before she and her team had resigned from the firm.

"The acquisition is the biggest foreign acquisition ever in India and Russia’s largest outbound deal. Billionaire brothers Shashi and Ravi Ruia have agreed to sell 98 per cent of Essar Group flagship firm Essar Oil to Russian oil major Rosneft and a consortium of oil trading firm Trafigura with private investment group United Capital Partners for $13 billion, making it the largest foreign direct investment in India.” reported The Hindu and others.

Cyril Amarchand Mangaldas (CAM) had alleged in the Bombay high court application for interim relief in arbitration proceedings that team members of departing Chennai partner Dorothy Thomas had taken boxes of CAM client files from the office.

VC firm DSG Consumer Partners has made a partial exit in food processing industry company Veeba Fine Foods (founded in 1983, making sauces, dips, emulsions and dessert toppings) to Brussels-headquartered Verlinvest Asia, which was created by several families of the Anheuser-Busch InBev empire to make investments in the food and beverage space.

Cyril Amarchand Mangaldas has started arbitration proceedings against Chennai partner Dorothy Thomas, who is due to join Shardul Amarchand Mangaldas, filing in the Bombay high court yesterday for interim measures.

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