Real estate
Khaitan & Co and Kanga & Co have assisted on the sale of more than 74,000 square metres of industrial real estate in Andheri East, Mumbai from Borosil Glass Works to Neepa Real Estate Private Limited for Rs 830 crore ($178m).
Corporate M&A
Khaitan & Co and White & Case LLP have advised Indian-listed transmission tower manufacturer KEC International in its $ 95m acquisition of US-based SAE Towers Holdings LLC which was advised by Hogan Lovells LLP.
Projects
Project finance law firms R&A Legal and India Law Services have advised on the Rs 970 crore ($210m) term loan and bank guarantee between Navayuga Engineering Company Limited and Bank of Baroda led bank consortium for the financing and development of India’s largest private sector port at Krishnapatnam in Andhra Pradesh.
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.
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.
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.
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.
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.
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.
Projects Delhi-based law firm R&A Legal, project finance firms India Law Services and MV Kini & Co have advised the borrower, bank consortium and NHAI (National Highway Authority of India) respectively in the construction of India’s longest elevated expressway in Chennai.
Private equity / VC Khaitan & Co has advised Rabobank's private equity unit Rabo Equity Advisors in its investment of Rs 50 crores in Agra-based integrated packaging company called Vacmet India Limited for a 23.92 per cent post-issue equity stake.
Corporate M&A Start-up firm Phoenix Legal has secured the instruction for hotel operators Accor and Interglobe, which established a hotel investment fund with Pacifica Partners, which were advised by Amarchand Mangaldas Mumbai and Morrison Foerster in Tokyo.
Corporate M&A AZB & Partners, S&R Associates and Cleary Gottlieb Steen & Hamilton have advised Dutch bank Rabobank in its divestment of 11 per cent equity in Yes Bank for around Rs 980 crore ($210m) to comply with the RBI’s (Reserve Bank of India) regulation as a prerequisite to attain a full commercial banking license in India.
Private equity / VC Amarchand Mangaldas has acted for private equity fund Warburg Pincus in its investment of Rs 392 crore ($85m) in India's largest diagnostics laboratory chain Metropolis Health Care, which was advised by Desai & Diwanji.
Corporate M&A AZB & Partners has completed two deals for its long-standing client International Finance Corporation (IFC), which bought a $25m share in power projects company Bhilwara Energy Limited and $5m in Applied Solar Technologies.
Capital Markets AZB & Partners, Luthra & Luthra and Jones Day have advised power generation company Ind-Barath Power Infra on its initial public offering (IPO) of equity shares through which the company hopes to raise Rs 1153 crores.