Anil Ambani: Likes das BootAnil Ambani: Likes das Boot

J Sagar Associates (JSA) advised Reliance Infra on its Rs 819 crore ($130m) acquisition of 18 per cent stake in Pipavav Defence and Offshore Engineering which was advised by K Law and Crawford Bayley.

JSA Mumbai partner Sandeep Mehta confirmed that he acted for Reliance Infra, which will acquire 130 million shares of Pipavav through its subsidiary Reliance Defence Systems. After the acquisition, Reliance Defence Systems will make an open offer to acquire an additional 26 per cent stake in the company from public shareholders, reported Mint.

K Law partner Praveen Raju acted for long-standing client Pipavav as the M&A counsel but was not reachable for comment.

Crawford Bayley senior partner Sanjay Asher, principal associate Ankit Paleja, and associates Joyesh Shankar, Hetal Thakker and Roshni Rathi acted on conducting due diligence of Pipavav, drafting the disclosure letter and due diligence bundle in relation to the representations and warranties of the share purchase agreement, and the regulatory and compliance aspects of the deal, said Asher.

The private sector in India is looking to expand its defence division by buying companies which have already put defence infrastructure in place – an interest stoked by prime minister Narendra Modi’s ‘Make in India’ campaign, reported Mint.

Reliance Group chairman Anil Ambani this week wrote in The Hindu about his expansion plans in defence and the importance of the private sector in helping the military achieve its goals.

Photo by Mak Hong Keong

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1
Like +7 Object -2 vantage 07 Mar 15, 20:58  interesting
good to see CB & Sanjay Asher doing well.
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Like +8 Object -3 Vintage 08 Mar 15, 00:35  interesting
Good to see JSA on the big deals. Who is handling the open offer?
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Like +5 Object -4 Guest 08 Mar 15, 01:18
CB is closely associated with SKIL and Raju is Ex-CB.
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Like +5 Object -4 Nikhil 08 Mar 15, 08:48
K Law has been advising Pipavav since long. They did a Saab deal for Pipavav couple of years back. Good to see K Law having the bandwidth to execute big deals. Pipavav is a big client and is clearly happy with K Law. Congrats Naina, Praveen and the entire team. All the best!
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Like +3 Object -2 Phantom 09 Mar 15, 10:02
Quoting Nikhil:
K Law has been advising Pipavav since long. They did a Saab deal for Pipavav couple of years back. Good to see K Law having the bandwidth to execute big deals. Pipavav is a big client and is clearly happy with K Law. Congrats Naina, Praveen and the entire team. All the best!



Have you been paid to advertise on behalf of K Law?
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Like +0 Object -0 Dian 09 Mar 15, 18:15
Quoting Phantom:
Quoting Nikhil:
K Law has been advising Pipavav since long. They did a Saab deal for Pipavav couple of years back. Good to see K Law having the bandwidth to execute big deals. Pipavav is a big client and is clearly happy with K Law. Congrats Naina, Praveen and the entire team. All the best!



Have you been paid to advertise on behalf of K Law?


Agree with you bro , Phantom
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Like +3 Object -2 Also read: 08 Mar 15, 09:07
http://www.herbertsmithfreehills.com/news/news20150306-hsf-advises-anil-ambani-led-reliance-infrastructure
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Like +2 Object -2 Bull 08 Mar 15, 23:07
what was HSF's role in the acquisition of an Indian company by another Indian company?
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Like +7 Object -0 JSA on top 08 Mar 15, 09:56  interesting
JSA looks to be on the top spot again after close elimination of one close-rival (read AMSS). With big deals and very few partner-level departures, it seems that JSA is doing quite well despite absence of promoter. Kian please confirm.
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Like +1 Object -0 junior 11 Mar 15, 10:52
Go Joey!
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Like +8 Object -0 vanquish 21 Mar 15, 16:25  interesting
Kian, Sanjay Asher is not a Senior Partner, as yet!
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