SNG & Partners Delhi, Desai & Diwanji and Bharat Forge’s in-house team structured the joint venture (JV) between Bharat Forge and engineering company David Brown Systems to produce gearboxes and transmissions.

J Sagar Associates has advised chemical manufacturers Rhodia Group on its slump sale acquisition of Gujarat-incorporated PI Industries, which hired Delhi firm Neo Juris.

IndusLaw has advised Bangalore-based IT consulting company ASM Technologies on its complete buy-out of US company Abacus Business Solutions which had drafted in Californian firm Pacific Law Group in an all-cash purchase.

Khaitan & Co advised longstanding clients Leighton International in divesting its its stake in Oriental Pathways to target infrastructure development activities with joint venture partner Welspun, which in December of last year bought a 35 per cent stake of Leighton’s Indian unit for Rs 470 crore.

Khaitan & Co and Chitale Law Associates have advised on a $19m private equity infusion in Mumbai-based aroma chemicals manufacturer Privi Organics by Standard Chartered.

Shearman & Sterling, DLA Piper, Freshfields Bruckhaus Deringer, Salans, Linklaters and Clifford Chance have advised on Tata Steel’s sale of Teesside Cast Products’s (TCP’s) assets to Thailand’s largest steel producer Sahaviriya Steel for $469m.

Vaish Associates Advocates has advised wind turbine manufacturer Enercon for the supply of wind turbines and associated facilities worth $198m to CLP India for the development of two greenfield energy projects in Andhra Pradesh and Rajasthan.

India Law Services (ILS) has acted as lenders' legal counsel on three external commercial borrowings (ECB) and loan structurings of Reliance Power worth around $50m of for the second phase development of its Uttar Pradesh-based 1,200 MW Rosa Power project.

ILS advised Axis Bank, Allahabad Bank and Syndicate Bank on the execution of three different loan agreements as well as conversion of existing Rupee term loans into foreign currency loans to enable Rosa Power Supply to reach full-capacity power generation.

ILS Mumbai-based partner Tushar Desai led the transaction for the lender consortium while the borrower Anil Dhirubhai Ambani Group (ADAG)-owned Reliance Power acted through its in-house legal team.

Desai told Legally India: “The Axis Bank Ltd and Allahabad Bank granted such foreign currency loans through their respective Hong Kong branches, Syndicate Bank did so from its London branch.

“While the first transaction of Axis Bank Ltd.,(for $20m), was signed in October 2010, the other two were with Allahabad Bank ($15m) and Syndicate Bank ($15m) were signed in January 2011. In this case individual facility agreements were executed with each of the ECB lenders and other finance documents were executed for inclusion of the ECB Lenders as part of the consortium.”

According to the Economic Times the Rosa plant recently hit 105 per cent of its power generation capacity last month.

Delhi firm LexCounsel has advised longstanding clients venture capital (VC) fund LeapStart Trust on its third portfolio investment with a a 26 per cent stake in English e-learning group Liqvid eLearning after a prior focus on technology and hospitality sectors.

Phoenix Legal and Hogan Lovells’ Japanese office have advised advised Japan’s Sojitz Corporation on its joint venture with South Indian business conglomerate Archean Group top operate a marine chemicals plant in India.

Luthra & Luthra has advised a Power Finance Corporation-led consortium of 27 lenders to fund KSK Mahanadi’s Rs 16,190 crore power project in the state of Chhattisgarh.

Hemant Sahai Associates (HSA) acted as sole legal advisor on a micro finance investment by the Michael & Susan Dell Foundation in Delhi-based organisation Invest India Micro Pension Services Private Limited (IIMPS) raising roughly $1m for retirement pension plans and other savings.

J Sagar Associates (JSA) acted for private equity firm BTS Investment Advisors on its Rs 36 crore ($7.9m) investment in car rental company Carzonrent which was advised by Amarchand Mangaldas.

Senior advocate Fali Nariman led industrial house Wadia Group’s victory in a high-profile property dispute matter in the Bombay High Court against real estate developers G L Raheja which was represented by Bharucha & Partners and senior counsel Abhishek Manu Singhvi, reported the Economic Times.

Amarchand Mangaldas has advised J P Morgan India’s real estate investment fund on its partial Rs 115.23 crore ($25.4m) exit in B Raheja Builders to builder group K Raheja, which hired Wadia Ghandy as legal counsel.

J Sagar Associates’ (JSA) Bangalore office has advised Volvo Bus Corporation in the buy-out of a 30 per cent stake of its Indian joint venture from partner Jaico Automobile Engineering, which hired AKS Law Associates.