Advaita Legal advised Berlin based educational television channel Da Vinci on forming a joint venture with Indian digital magazine The Quint which was advised by BMR Legal. The television programme Da Vinci Learning was launched in India on 18 November after the deal was completed.

Advaita principal Satyajit Gupta and associates Saurabh Sharma and Avichal Mathur acted for the Da Vinci Media and Da Vinci Media India.

BMR partner Amit Khansaheb and managing associate Nikhil Sachdeva represented The Quint.

Da Vinci GmbH was cleared for up to Rs 5 crore of FDI, by the Foreign Investment Promotion Board (FIPB) in November 2013, to set up a wholly owned subsidiary which would carry out the downlinking and distribution of a non-news and non-current affairs edutainment channel, reported Medianama.

AZB & Partners advised Singapore based infrastructure company Cube Highways & Infrastructure on its Rs 248 crores ($37.4m) buy of Madhucon Agra Jaipur Expressways (MAJEL) which was advised by Nishith Desai Associates (NDA).

AZB partner Yashwant Mathur, senior associates Esha Pruthi and Ambarish Mohanty and associates Shridha Malhotra, Devanshu Sajlan and Nitin Saluja acted for Cube.

NDA partner Rajesh Simhan advised MAJEL

Cube would operate the 57 kilometers stretch of National Highway 11, connecting the cities of Mahua and Bharatpur, on build operate transfer (BOT) basis connecting tourist corridors of Agra and Jaipur. MAJEL started operating in 2009.

International Finance Corp (IFC), a part of the World Bank group, had picked up a 20 per cent stake in Cube which is promoted by I Squared Capital. IFC had committed a $100m (Rs 6640 crore) investment in Cube, which will primarily acquire operating road assets in India, reported Mint.

AZB & Partners advised former Vodafone CEO Arun Sarin and his family on their acquisition of a minority stake in ANI Technologies which runs taxi app Ola. Ola was advised by IndusLaw.

AZB Delhi partner Anil Kasturin and senior associate Jaishree Tolani acted for Sarin who, as Mint reported, is joining Ola as an independent director.

Indus declined to comment but it is understood that Noida partner Gaurav Dani led the deal for Ola.

Founded in January 2011 by two IIT Bombay alumni, Ola currently plies over 20,000 vehicles in over 100 Indian cities, is backed by investors such as DST Global, GIC, Falcon Edge Capital, SoftBank Group Corp., Tiger Global Management LLC, Steadview Capital and Accel Partners, acquired rival TaxiForSure this year in a deal worth $200m, and is being investigated for predatory pricing allegations in the Competition Commission of India, even as the Delhi high court imposed a ban on it.

Khaitan & Co advised Indian stationery maker Writefine Products on selling 32.5 per cent equity to Italian art products maker and distributor Fabbrica Italiana Lapis ed Affini (FILA). FILA was advised by AZB & Partners and Italian law firm Studio Legale Salonia Associati.

Khaitan associate partner Mehul Shah, senior associate Vivek Sriram,and associate Vidur Sinha acted for Writefine Products.

AZB Partner Alka Nalavadi acted for FILA which was increasing its shareholding in Writefine to 51 per cent from 18.5 percent.

Writefine Products, a Gujarat-based company that claims to have close to 3,000 employees, was valued at around Rs 740 crore (around $114m) in the deal, reported VCC Circle.

Khaitan & Co acted for Reliance Telecommunications in its acquisition of the wireless business of J Sagar Associates (JSA)-advised Sistema Shyam Teleservices for Rs 2,100 crore of equity, while also taking on Rs 2,400 crore of Sistema’s debt to the government.

Delhi based lawyer Abhay Vohra, who went independent from big law firms a year ago, advised CL Educate on acquiring 51 percent stake in education consulting company Accendre Knowledge Management, which was advised by its in-house legal team.

Khaitan & Co advised rail freight car makers, the Australia-based UGL Rail Services and the Indian Texmaco Rail and Engineering on UGL’s sale of its 50 per cent stake in its joint venture with Texmaco – Texmaco United Group Rail.

Khaitan Kolkata partner Padam Khaitan, associate partner Arindam Sarkar and associates Shourya Sengupta and Prithwijit Gangopadhyay acted for UGL

Khaitan Mumbai partner Haigreve Khaitan, associate partner Anuj Sah and Associate Sunayana Bose acted for Texmaco.

UGL sold its share in the Indian joint venture because it was starved of orders after the downturn in locomotive sales in Australia, and it was set up for primarily catering to the Australian market, reported the PTI.

Mega deal sees five law firms bring investment home.

Khaitan & Co advised IT and software outsourcing company HCL Technologies on its acquisition of Swedish multinational group Volvo’s external IT business for $138m (Rs 895 crore) in an all cash deal. London based law firm Greenberg Traurig Maher LLP represented Volvo.

Khaitan Delhi partner Joyjyoti Misra, senior associate Shruti Singh and associate Sanchit Agarwal acted for HCL

The two companies have also signed a letter of intent under which the Volvo Group will also outsource its IT infrastructure operations to HCL Technologies for an undisclosed amount for five years. Around 2600 Volvo personnel affected by the transaction would be offered to move to HCL according to report by Firstpost.

The transaction will be closed during the second quarter of 2016 and will provide both cost savings and a capital gain, Volvo said.

J Sagar Associates (JSA) advised Reliance Capital (RCAP) on the Rs 1200 crore ($180m) sale of 14 per cent stake in Reliance Capital Asset Management (RCAM) to Japan’s largest life insurance company Nippon Life Insurance (NLI). NLI was advised by Khaitan & Co and Anderson Mori & Tomotsune.

JSA Mumbai partners Dina Wadia and Gautam Gandotra, senior associate Gagan Sharma and associate Upamanyu Talukdar acted for RCAP

Khaitan partner Niren Patel, senior associates Aravind Venugopal and Ritwik Kulkarni and associate Vidur Sinha and Anderson partner Ryo Kotoura and associate Masahiko Yasui acted for NLI

According to the press release, the stake sale would lead to change in controlling interest in RCAM according to mutual fund rules of the Securities and Exchange Board of India (SEBI) as NLI already had 35 per cent stake in RCAM This deal will trigger the exit option for various unit holders of various mutual fund schemes of Reliance Mutual Fund.

According to the report by TOI, this is the largest foreign investment in the mutual fund industry in India. Post the stake sale, Reliance MF will be renamed as Reliance Nippon MF

J Sagar Associates (JSA) advised Union Bank of India on its acquisition of 49 per cent shareholding in its joint ventures, Union KBC Asset Management Company (KBC-AMC) and Union KBC Trustee Company (KBC-TC) from KBC Participation Renta. KBC Participation Renta was advised by BMR Legal.

JSA Mumbai partner Dina Wadia, senior associate Manav Raheja and associate Viraj Bathe acted for Union Bank of India.

BMR Legal partner Souvik Ganguly, managing associate Vishruta Kaul and associate Deep Jain acted for KBC Participations Renta which a group company of Luxembourg based KBC Asset Management NV

The acquisition will be complete subject to regulatory approvals from the Securities and Exchange Board of India (SEBi) and the Competition Commission of India (CCI). After this acquisition, both Union KBC Asset Management and Union KBC Trustee Company will become wholly-owned subsidiaries of Union Bank of India reported Business Standard.

Veritas Legal advised Recipharm AB, a Swedish pharmaceutical company on investing $103m (Rs 671.2 crore) in Nitin Lifesciences, an Indian pharma company which was advised by Khaitan & Co.

Veritas partner Partner Nandish Vyas and Associates Natasha Sethna and Tejasvi Saxena acted for Recipharm.

Khaitan Mumbai partner Kalpana Unadkat, senior associate Shweta Dwivedi and associate Bidya Mohanty acted for Nitin Lifesciences.

Recipharm, will buy 74 per cent in Nitin Lifesciences, reported Livemint

Themis Partners advised Sequioa on its $34m (Rs 220.39 crore) co-infusion in ethnic handicrafts website Craftsvilla. The other investors in this round were Lightspeed Venture Partners advised by Luthra & Luthra, Global Founders Capital advised by Tamara Thompson , Nexus and Apolleto which was advised by US based firms Tamara Thompson and DST Global services.

Themis principal associate Ashwani Verma, senior associate Dheeraj Khanna and associates Rayan Azmi and Abhishek Dwivedi acted for Sequoia.

Luthra partners Deepak Joyce and Shinoj Koshy with managing associate Neha Sinha and associate Akansha Dalal advised Lightspeed.

Earlier this year Craftsvilla had rasied $1.5m from Lightspeed and Nexus, as reported by Medianama.

Khaitan & Co and _Skadden, Arps, Slate, Meagher & Flom_ acted for clinical trial service provider Bioclinica in its aqcuisition of global pharmacovigilance, regulatory affairs and IT services provider Synowledge. Synowledge was advised by Goodwin Procter and Nishith Desai Associates (NDA).

Khaitan partner Rajat Mukherjee, executive director Daksha Baxi, associate partner Kabir Bogra, principal associates Monika Srivastava, Ritu Shaktawat and Sameer Sah, associates Nidhi Killawala, Sanchit Agarwal and Shreya Shree and Skadden Arps partner Robert Pincus, counsel Faiz Ahmad and associate Vincent J Cannizzaro acted for Bioclinica.

NDA partners Mansi Seth and Nishchal Joshipura and Goodwin partner Stuart Rosenthal and associate Oreste Cipolla acted for Synowledge.

Synowledge employs around 500 persons in North America, Europe, India and Japan. The founder of Synowledge, Sankesh Abbhi would serve as senior vice president and head of global safety and regulatory solutions at the merged entity reported Outsourcing Pharma.

J Sagar Associates (JSA) advised renewable energy company BLP Energy on its $33.8m (Rs 220 crore) acquisition by Italy’s Enel Green Power which was advised by Khaitan & Co and Ashurst Singapore and Italy.

JSA partner Sidharrth Shankar and associates Prakriti Jaiswal and CV Srikant acted for BLP

Khaitan Mumbai partner Joy Jacob and Ashurst Singapore partner Keith McGuire acted for Enel.

This year US-based SunEdison and First Solar, Russia’s OAO Rosneft, China’s Trina Solar, Japan’s SoftBank and Taiwan’s Foxconn Technology have either invested or evaluated investing in the Indian renewables sector, reported Mint.

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