Cyril Amarchand Mangaldas has acted on $40.4bn worth of mergers and acquisition in the 2016 calendar year, according to researcher mergermarket, with AZB & Partners having recorded $30.1bn of M&A deals in the same period.
"Detergent major Nirma, which in July had agreed to buy the cement business of the French major Lafarge India, today raised Rs 4,000 crore debt to fund the deal, making it the largest rupee bond sale for a leveraged buyout,” reported Money Control.
The Competition Appellate Tribunal (Compat) has set aside Rs 64 crores of fines ordered by the Competition Commission of India (CCI) against Sanofi Pasteur India and GlaxoSmithKline Pharmaceutical, which the CCI had found cartellised the market for meningococcal vaccines, which are procured by the Government of India for vaccinating Hajj pilgrims.
"The acquisition is the biggest foreign acquisition ever in India and Russia’s largest outbound deal. Billionaire brothers Shashi and Ravi Ruia have agreed to sell 98 per cent of Essar Group flagship firm Essar Oil to Russian oil major Rosneft and a consortium of oil trading firm Trafigura with private investment group United Capital Partners for $13 billion, making it the largest foreign direct investment in India.” reported The Hindu and others.
Vinod Dhall in collaboration with Talwar Thakore & Associates (TT&A) advised French drugmaker Sanofi on getting Competition Commission of India (CCI) approval for its $25bn asset swap deal with Germany-based Boehringer Ingelheim which was advised by Platinum Partners.
Talwar Thakore Associates (TTA) has advised Reliance Industries (RIL) on a joint venture agreement to set up a payments bank with State Bank of India (SBI) on 30 June, in which RIL will hold a 70 per cent stake.
Graphic via MintBoth sides of the now divided Amarchand Mangaldas family empire have considerably increased their recruitments for 2017 from top law schools, many top firms have filled up their quota from recruits from top law schools already.
NLSIU Bangalore’s 2017-graduating batch placed 33 out of 53 participating recruitment coordination committee (RCC) members, out of a total batch of 81, on 2 April.
Talwar Thakore & Associates (TT&A) has promoted managing associate Rituparno Bhattacharya to its partnership, with effect from 1 April 2016.
Talwar Thakore & Associates (TT&A), advised the AXA Group in the increase of its equity stake from 26 per cent to 49 per cent in its Indian life and general insurance joint ventures with the Bharti group member Bharti AXA Life Insurance Company Limited and Bharti AXA General Insurance Company Limited, which were advised by AZB & Partners in Delhi.
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.
Narayan IyerNarayan Iyer, who had left Linklaters Singapore in 2009 to join the magic circle firm’s best friend Talwar Thakore & Associates, has been appointed as head of the India practice.
Deals in briefRead on for the hottest M&As, fundraisings and financings of the fortnight.
Talwar Thakore & Associates (TTA) are advising Anil Ambani’s debt-ridden Reliance Communications (R-Com) in raising up to Rs 6,100 crore ($1bn) by selling shares through Qualified Institutional Placement (QIP) and the sale of warrants.
Dividing the M&A pieAmarchand Mangaldas has reported the most M&A activity among Indian law firms this year, according to data provider mergermarket’s Q1-Q3 rankings.
IyerTalwar Thakore & Associates partner will re-join Links.
M&A and financings from the last three weeks starring Amarchand Mangaldas, AZB & Partners, J Sagar Associates (JSA), HSA Advocates, Khaitan & Co, Talwar Thakore & Associates, and Khaitan Sud & Partners.
The rest of the week's deals in one packageThis week’s instructions starring: Amarchand Mangaldas, AZB & Partners, Khaitan & Co, Vaish Associates, Talwar Thakore & Associates, Desai & Diwanji and Khaitan Sud & partners, with Linklaters, Cleary Gotlieb and WongPartnership
imageMore deals than you can shake a stick at in our handy round-up of deals activity, with dozens of firms keeping busy.
Tri-week packJuris Corp, I&S Associates, Indus Law, MDP & Partners, along with Amarchand Mangaldas, AZB & Partners, Khaitan & Co, Luthra & Luthra, Trilegal and others kept busy on 15 selected deals.
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