AZB & Partners

Ananya Birla is in advanced negotiations to acquire Micro Housing Finance Corp, which provides home loans to urban households with lower income, for around Rs 300 crore, reported ET and according to AZB’s press release.

AZB & Partners has promoted banking counsel Hufriz Wadia and insolvency consultant Suharsh Sinha as partners in its Mumbai office.

AZB & Partners senior associate Esha Pruthi has joined Home Credit India’s legal team of 16 as assistant vice president (AVP) legal in Delhi.

“Wipro has won its largest information technology (IT) outsourcing contract, valued at $1.6bn over 10 years from Alight Solutions, the former benefits administration and human-resources outsourcing business of Aon,” reported Mint.

“Tata Power, India’s largest integrated power company, today announced that its board has approved the sale of its defence business to Tata Advance Systems Ltd, a wholly owned subsidiary of Tata Sons at an enterprise value of Rs2,230 crore,” Mint reported in March.

Many Indian firms have been looking to do more of knowledge management (KM) for many years, with an eye on their foreign counterparts, but the immediate pressures of earning revenues and servicing clients often get in the way. At AZB & Partners, Bhavi Sanghvi, has now transitioned from corporate, M&A and private equity partner to full-time knowledge management, heading up its KM function for the past month-and-a-half.

Further to our report last week, Trilegal has today voted to admit former partners of AZB & Partners, Ganesh Rao and Aditya Jha, as partners in its asset management and funds practice in Mumbai, growing its partnership to 44.