On Monday the Economic Times reported that the director general (DG) of the Competition Commission of India (CCI) has submitted a damning report of Google, finding a prima facie case that Google has abused its dominant position.
In April earlier this year, Cyril Amarchand Mangaldas (CAM) acquired three out of four MNK Law Offices partners in Delhi but three authoritative sources have confirmed that the fourth partner, Probal Bhaduri, has now joined PDS Legal offices in Delhi.
Shardul Amarchand Mangaldas has won a favourable landmark report from the Competition Commission of India (CCI) director general for its client Bharat Matrinmony and an NGO against internet giant Google, which was represented by AZB & Partners and Economic Laws Practice (ELP).
Gammon India has sold nine Indian project companies of Gammon Infrastructure Projects to a subsidiary of US asset management giant Brookfield Asset Management for around Rs 563 crore.
Birla Corporation bought the Eastern cement plants of Lafarge for Rs 5000 crore from Lafarge India following the Competition Commission of India (CCI) order for the French company to divest itself of the units after its Rs $44bn merger with Holcim.
Themis Associates partner Chetan Nagendra, who specialises in corporate and venture capital (VC) work, will join AZB & Partners in Bangalore.
Cyril Amarchand Mangaldas acted as legal counsel to BNP Paribas in its Rs 2,000 to 2,200 crore acquisition of Sharekhan, with AZB & Partners acting for the sellers.
J Sagar Associates (JSA) Mumbai partners Somasekhar Sundaresan, Vikram Raghani and Jamshed Bhumgara acted for the management shareholders of Sharekhan.
Cyril Amarchand Mangaldas Mumbai-based corporate partners Ashwath Rau and Shishir Vayttaden led the team for BNP. Senior advisor Anand Sinha, who was formerly deputy governor at the Reserve Bank of India (RBI), advised on regulatory aspects, while Bangalore-based employment partner Rashmi Pradeep assisted with labour law-related advice.
Tax advice was handled by Cyril Amarchand New Delhi-based tax partner SR Patnaik, while Mumbai-based partner Nisha Kaur Uberoi handled the competition law aspects.
AZB Mumbai-based partner Vaidhyanadhan Iyer acted for the multiple sellers.
The Rs 2,000 crore deal was signed on 30 July 2015 and is expected to close by 31 January 2016. The online share trading platform’s sale to BNP has been hailed as a vote of confidence in India’s equity market, reported Economic Times.
Khaitan & Co overtook Amarchand Mangaldas in data provider mergermarket’s half-yearly (H1) M&A charts by value, with the first quarter of Amarchand functioning as the split firms of Cyril Amarchand Mangaldas (CAM) and Shardul Amarchand Mangaldas (SAM). AZB & Partners maintained its deal volume lead which it has claimed for two consecutive years.
AZB & Partners’ private equity (PE) practice again won it the top place in the half-yearly league table of data provider Venture Intelligence, making the firm the half-yearly league leader in this space for the third consecutive year.
Indigo brings $400m of 6e back: 2nd IPO this week for AZB Madhu, Khaitan Bhatta for sellers, JSA for Interglobe
Suzlon Energy senior legal counsel Naved Askari, who was heading the company’s corporate and operations legal team, is to join AZB & Partners as a Mumbai-based counsel, reported Bar & Bench.
The 1998 GLC Mumbia graduate has previously worked at Mulla & Mulla, Wadia Ghandy, and Wockhardt, before joining Suzlon in 2009.
In a week that’s seen a raft of companies hitting the markets, Cyril Amarchand Mangaldas Bangalore partner Arjun Lall has scooped the mandate advising Cafe Coffee Day on its Rs 1,150 crore initial public offering (IPO), with AZB & Partners and Baker & McKenzie acting for the banks.
AZB Delhi partner Madhurima Mukherjee with senior associate Agnik Bhattacharyya and associate Namita Das acted for the global book running lead managers Kotak Mahindra Capital, Citigroup Global Markets and Morgan Stanley.
BakerMacs’ India head Ashok Lalwani handled the international elements of the deal.
Senior associates Nanditha Gopal and Percis Anklesaria will be promoted to partner.
When women complain: The many tribulations & rare trials in speaking out about sexual harassment [via Mint]
Sexual harassment appears to be everywhere these days, yet it was always so. Complaints, on the other hand, seemed to be rarer only a few years ago.
Luthra & Luthra is acting for fast-growing RBL Bank of 183 branches, formerly called Ratnakar Bank, which aims to raise Rs 1,100 crore ($173m) via initial public offering (IPO), with AZB & Partners and Dorsey & Whitney acting for the bankers, led by Kotak Mahindra Capital Company.
AZB Mumbai partner Varoon Chandra with senior associate Lionel D’Almeida acted for the lead managers. Dorsey Hong Kong partners John Chrisman and Kenneth Kwok advised on international laws.
Luthra & Luthra Mumbai partner Manan Lahoty acted for the issuers.
Khaitan & Co Mumbai associate partner Madhur Kohli was domestic counsel for two selling shareholders, Beacon and Gpe, that together sold 13 million shares according to the Business Standard.
S&R Associates acted the Vodafone Group in its sale of $200m Bharti Infotel, representing around 4.2% interest in Bharti Airtel, to Bharti Enterprises, which was represented by AZB & Partners.
S&R partner Rajat Sethi and associates Tanya Aggarwal and Lakshmi Pradeep acted for Vodafone.
AZB Delhi partner Gautam Saha acted for long-standing client Bharti.
The sale was made due to a telecoms department directive restricting any group from holding stakes in more than one telecom licensee in one area, reported Reuters
AZB & Partners advised global Argentina-founded IT and software development company Globant on buying, for up to around $25m, Pune-based product engineering firm Clarice Technologies which was advised by Khaitan & Co.
AZB Bangalore partner Anind Thomas and senior associate Percis Anklesaria acted for Globant.
Khaitan Bangalore partner Rajiv Khaitan, associate partner Vinay Joy and associates Karandeep Makkar and Kirti Krishna acted for Clarice.
The deal is worth Rs 125 to Rs 160 crore, reported the Economic Times.
Venture Intelligence, which tracks private equity transactions “involving India-based companies” has published its ranking for the first quarter of 2015.
AZB & Partners former Delhi partner Ritika Rathi will join the soon-to-be-started Delhi firm of Amarchand Mumbai managing partner Cyril Shroff.