AZB & Partners
Senior associates Nanditha Gopal and Percis Anklesaria will be promoted to partner.
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.
If all you care about are the top spots, not much has changed in the rankings of the 40 leading corporate Indian law firms that London-based RSG Consulting has produced since 2008.
Saikrishna & Associates won the Competition Commission of India’s (CCI) approval for the Walt Disney movie Avengers: Age of Ultron, securing its release in theatres today after the CCI failed to find anti-competitive behavior by the Hollywood producers.
IndusLaw advised India’s largest taxi aggregator Ola Cabs, backed by Japan’s Softbank Corp, in raising $314m (Rs 1,952 crore) from Russian Yuri Milner’s DST Global which was advised by AZB & Partners and Goodwin Procter.
Indus Delhi partner Gaurav Dani, senior associate Divya Varghese and associate Nitin Gera acted for Ola. AZB Mumbai partner Darshika Kothari and Goodwin partner Yash Rana acted for DST
Gunderson Dettemer partner Steven L Baglio and lawyer Melissa B Marks acted for new investor Internet Fund. Morrison Foerster of counsel James T McCormick and associate Noah Carr acted for SoftBank Internet and Media (SIMI).
In November 2014, Olacabs had raised $210m from SIMI and its existing investors including Tiger Global, Matrix Partners India and Steadview Capital.
Getting the ratio of partners to non-partner fee-earners right has its rewards, but it is, at best, an inexact science.
In what will possibly have been its last quarter of existing as a single firm, Amarchand Mangaldas again acted on the most valuable M&A deals though AZB & Partners emerged as the firm with the largest number of recorded transactions.
AZB & Partners has promoted 10 lawyers to partner level, with two getting the nod in Mumbai and 10 in Delhi.
Amarchand Delhi’s Shardul Shroff is set to take two additional office spaces in Mumbai after mediation will end, including the soon-to-be-ex Nariman Point office of AZB & Partners.