Axon Partners
The India Today group has published a small note of mutual regret on the bottom right-hand corner of one of its websites, in its settlement of a Rs 1 crore defamation suit brought in 2012 by Louise Khurshid, the wife of Salman Khurshid, who was then law minister.
Axon Partners LLP and Milbank Tweed Hadley & McCloy jointly advised the lead book runners and lead managers in Bharti Airtel International (Netherlands) BV issuing $1bn and €750m of notes, with Allen & Overy (A&O) advised Bharti Airtel and the Dutch issue on Dutch and US laws.
Axon co-founding partner Abhimanyu Bhandari with associates Kajal Bhimani and Prashant Kumar advised on Indian law with Milbank Singapore partner Naomi Ishikawa with senior associate Adrian Yeo and associate Leroy Langeveld.
A&O Hong Kong partner Amit Singh with associates Garrick Merlo and Vivian Chow acted for the issuer.
The book runners were Barclays Bank PLC, BNP Paribas, The Hongkong and Shanghai Banking Corporation Limited, Standard Chartered Bank, JP Morgan Securities PLC and Bank of America-Merril Lynch, reported Mint and others.
The same firms had also acted on Bharti's Dutch $1bn dollar bond issue one year ago, followed by a €750m bond in December 2013.
Allen & Overy (A&O) acted for Bharti Airtel, which issued bonds for the first time ever in a heavily oversubscribed offer for $1bn. Axon Partners and Milbank Tweed Hadley & McCloy advised the underwriters.
Axon Partners advised the Delhi-based Jaypee group’s Jaiprakash Power Ventures (JPVL) in its Rs 950 crore ($175m) qualified institutional placement (QIP) of 12 per cent shares.
Law minister Salman Khursheed's wife Louise Khursheed, represented by Abhimanyu Bhandari, co-founding partner of Axon Partners, and senior advocate Parag Tripathy, has filed a Rs 1 crore defamation claim in the Delhi high court against the India Today group and 13 other defendants including prominent TV anchors, who are represented by senior advocate CA Sundaram.
The Delhi High Court has ex parte ordered three media houses against publishing a digital video allegedly depicting “sexual acts” of senior advocate and Congress spokesperson Abhishek Manu Singhvi, which the politician alleges is fake and an attempt by his former driver at extortion.
J Sagar Associates (JSA) advised Simbhaoli Sugars on its Rs 330 crore ($63.8m) joint venture with Singapore-based sustainable resources company Sindicatum, which was advised by Axon Partners LLP for the first time.
Start-up firm Axon Partners LLP has closed nearly a year restructuring roughly $2bn of debt of steel producer Jindal Stainless (JSL), with Amarchand Mangaldas and Clifford Chance jointly advising a variety of lending banks.
Start-up firm Axon Partners LLP has advised Shiv-Vani Oil & Gas Exploration Services on its $75m convertible bond issue with Norton Rose's Singapore office getting into the capital markets game by advising the deal's London underwriters Jefferies International.
Less than one month ago a financial daily caused a stir in the cozy Delhi capital markets world after reporting that the selection of law firms in the disinvestment of Coal India Limited and Engineers India Limited (EIL) had been discriminatory, alleging political nepotism. But as so often there is more than meets the eye.
Delhi start-up Axon Partners has landed a role next to Crawford Bayley and Linklaters on Jaiprakash Power Venture's surprise $200m (Rs 920 crore) convertible bond issue.