Shardul Amarchand Mangaldas

Online payment and e-commerce platform, Paytm has made a strategic investment in the resultant joint entity of hyper local deals discovery platforms Nearbuy and Little Internet by infusing fresh funds of over Rs 162 crores ($25m) and acquiring a majority stake of 51%, reported The Economic Times and Mint. The merged entity expected to be valued over $100m and hold a market share of 88%, is said to have been arranged by Paytm as a strategic move to provide their merchant partners an opportunity to offer deals to acquire new customers and grow their business.

Shardul Amarchand Mangaldas (SAM) Bangalore founding partner Karthik Mahalingam is to leave the firm on 30 April.

AZB & Partners acted on the biggest and greatest number of deals in the first quarter (Q1) of 2018, topping the charts across league tables published by mergermarket (MM) as well as by Bloomberg and Thomson Reuters (TR).

In a very Amarchandian of steps, Shardul Amarchand Mangaldas has promoted the only three of its “partner designates” to salaried partner level, in a promotion that is generally expected to be automatic from year-to-year.

“In a deal led by Reliance Jio director Akash Ambani, Reliance Industries today signed an agreement for merging the digital music service Saavn with JioMusic to create a digital media platform with global reach having total value of over $1 billion,” reported PTI.

Shardul Amarchand Mangaldas won the Suresh and Bharati Shroff Memorial T20 Cricket League, which the firm had held in Delhi to commemorate 100 years since the founding of India’s former largest firm, Amarchand Mangaldas (AMSS).

Mint reported:

Paytm appoints Pallavi Shroff as board member to boost legal firepower

Benglauru: The move by payments firm Paytm to appoint veteran lawyer Pallavi Shroff as a board member is an indicator that

Shardul Amarchand Mangaldas managing partner Pallavi Shroff is set to join India's largest e-payments brand Paytm as a director, reported Business World.

Shardul Amarchand Mangaldas (SAM) real estate partner Avnish Sharma is to join Khaitan & Co next month, boosting its real estate practice in Delhi that it’s long been looking to fill.

Khaitan & Co has filed more IPO drafts than any other firm in 2017 just ahead of Cyril Amarchand Mangaldas, in a market where downward pricing pressures have made it tough across the board.

Five Indian lawyers have made it into a top 15 list of partners across Asia, ranked by the number of deals they completed in 2017 according to database mergermarket, with two Shardul Amarchand Mangaldas partners making what nearly literally translates to a list of hardest working corporate partners in Asia.