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Firms & corporate


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Corporate M&A  10 November 2017

Khaitan, Desai & Diwanji on Torrent Pharma’s $556m ‘complicated’ buy of Unichem Labs domestic biz

Torrent Pharma, the flagship company of the Torrent Group, have announced their acquisition of the domestic formulations business of Unichem Laboratories, one of India's oldest and largest pharma companies, for about Rs 3,600 crores (around $556m), through a business transfer agreement, as reported by The Economic Times and Business Standard.

Private equity / VC  10 November 2017

K Law, Desai & Diwanji on fin-tech startup Kissht’s $10m fundraise by China's Fosun International

Mumbai-based online lending startup Kissht, operated by OnEMi Technology Solutions has raised Rs 67 crore (USD 10 million) led by China’s Fosun International along with existing investors, venture capital firm Endiya Partners and early-stage investor Ventureast, as reported by VC Circle.

Law firms  09 November 2017

‘Once an NDA-ite, always an NDA-ite’: Nexus VP Legal Harshita Srivastava re-joins Nishith to head VC practice

Former Nexus Venture Partners vice president legal Harshita Srivastava has joined Nishith Desai Associates (NDA) in Mumbai to head its venture capital (VC) practice.

Law schools  09 November 2017

NLIU Bhopal protests admin opacity & arbitrariness, fires off letter to UGC [Read letter]

NLIU Bhopal's entire student body is out at its gates in protest since 9am against alleged administrative opacity and arbitrariness on campus, after a failing fourth-year student was passed in an allegedly corrupt manner by the teacher who was evaluating his paper.

Corporate M&A  09 November 2017

Chandhiok, AZB on $57m Tata Chem biz sale to IRC

"The board of Tata Chemicals Ltd has approved the sale of its non-bulk phosphatic business to IRC Agrochemicals for Rs 375 crore," reported Mint.

Law firms  08 November 2017

Luthra’s Mohit Saraf: By end of 2018 ‘ready’ for foreigners who’ll only open small offices (after having pushed for Indian lawyer hiring ban 2 months earlier)

Luthra & Luthra senior partner Mohit Saraf, who was one of the Indian law firm promoters requesting the commerce ministry in liberalisation negotiations to prevent foreign firms from hiring Indian lawyers, said in an interview with Asia Legal Business that if foreign firms open in India, they would only be with a “very small office”.

Law firms  08 November 2017

Noida IP firm Sujata Chaudhri promotes VC Mathews to associate partner

NCR-based IP boutique firm, Sujata Chaudhri IP Attorneys, has promoted senior associate VC Mathews to associate partner.">

Finance  08 November 2017

Indus, CAM advise on Azure Power’s $30.5m debt financing from Dutch bank FMO

Dutch development bank, FMO has raised close to Rs 200 crore (approximately $30.5 million) in debt through subscription of non-convertible debentures issued by renewable energy firm Azure Power India, as reported by Mint.

Law firms  08 November 2017

HSA lateral partner Ajoy Halder starts up lean infra-corporate law firm, eyes overseas

HSA Advocates partner Ajoy Halder has left the firm last month to set up start-up law firm Halder & Associates in Delhi.

Law firms  07 November 2017

Alliance - Dhaval Vussonji merger breaks apart after only 18 months together

The April 2016 merger between Alliance Corporate Lawyers and Dhaval Vussonji & Associates has fallen apart, with the former operating as Alliance Law from 31 October.

Corporate M&A  07 November 2017

SAM for Times Internet on sale of DMD client Infradigital spiritual content maker, promoted by Eros Labs

Infradigital Technologies, a company promoted by Eros Labs, is reported to have sold its business undertaking engaged in the business of production and distribution of spiritual, devotional and religious audio-visual content and literature to Innertech Media Solutions, a portfolio company of Times Internet Limited. The business division was transferred as a going concern on a slump sale basis.

Bar, Bench & Litigation  07 November 2017

Delhi HC to (again) consider video recording in courts, as petitioner Deepak Khosla says he will not pay Rs 20,000 costs in previous order

The Delhi high court has agreed to hear advocate _Deepak Khosla_’s appeal for video recording of all court proceedings in the high court, after it had initially dismissed the plea in August 2011 and again in July 2017 with Rs 20,000 costs that Khosla said he would not be paying.

Law schools  07 November 2017

JGLS rape victim wins interim stay of sentence suspension of convicted fellow JGLS-ites, in SC

The three JGLS Sonepat students who were convicted for rape of a fellow student of the law school, will be sent back to custody as the Supreme Court yesterday stayed the suspension of their sentences that was granted to them by the Punjab & Haryana high court in September, as first reported by Live Law.

Law firms  06 November 2017

Link Legal (DH) Mumbai hires RM Partners lit-corp duo Nikhil Rodrigues, Jyoti Maheshwari as partners

Link Legal India Law Services has hired the co-founders of RM Partners, Nikhil Rodrigues and Jyoti Maheshwari, as partners in its Mumbai office.

Law firms  06 November 2017

Fox & Mandal Calcutta hires Khaitan & Co Cal SA Atreyee Sen as principal associate in corporate

Fox & Mandal Kolkata - the Kolkata partnership of the Fox Mandal group of three firms - has hired Khaitan & Co Kolkata senior associate Atreyee Sen as a principal associate in its corporate practice.

Law firms  06 November 2017

2002-NLS pure-homegrown Luthra corporate partner Pranjal Bora departs

Luthra & Luthra partner, Pranjal Bora, homegrown at the firm for 15 years, has left the firm, we have learned.

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