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Mahindra QIP: Khaico-Amss | GSK $950m AZB | Rs 5914 cr NMDC divest: ALMT-Amss & 6 more…

The rest of the week's deals in one packageThe rest of the week's deals in one package

Nine of the biggest recent deals and cases. Click on to read who bagged them…

Corporate/M&A and joint venture

Mahindra & Mahindra Financial Services did a qualified institutional placement of equity shares worth Rs 867 crore ($159m). Kotak Mahindra Capital Company, Citigroup Global Markets, Deutsche Equities India, HSBC Securities and Capital Markets and JM Financial Institutional Securities were the book running lead managers (BRLM) to the issue.
Mahindra & Mahindra: Khaitan & Co Mumbai partner Nikhilesh Panchal and senior associate Ragini Aiyer
BRLM: Amarchand Mangaldas Mumbai partner Yash Asher and Jones Day Singapore associate Nikhil Naredi

British multinational pharma and healthcare company GlaxoSmithKline made a voluntary open offer for Rs 5220 crore ($950m) worth of shares representing 31.84 per cent of the voting share capital from the public shareholders of its consumer healthcare business GlaxoSmithKline Consumer Healthcare
GlaxoSmithKline: AZB & Partners Delhi co-founding partner Ajay Bahl with partners Anil Kasturi and Ravi Prakash, and associate Daksh Trivedi, and Slaughter & May partner Richard Smith

US-based digital cinema devices group Christie’s Christie Digital Systems bought software consulting firm VR Solutions India and Australia
Christie Digital Systems: AZB & Partners partners Srinath Dasari and Ravi Prakash
VRS India and Australia: Australian law firm Mullins Lawyers

Japanese air brake parts maker Nabtesco Automotive Corporation bought 51 per cent equity for Rs 37.3 crore in its joint venture with international auto-parts maker NK Minda group’s Uno Minda
Nabtesco Automotive Corporation: J Sagar Associates (JSA) founding partner Jyoti Sagar with partners Rohitashwa Prasad , senior associate Abhishek Shinde and associate Swetha Prashant
Uno Minda: In-house

The government of India divested 10 per cent equity for Rs 5914 crore in India’s largest iron ore producer NMDC. Citigroup Global Markets India, DSP Merrill Lynch, Goldman Sachs Securities, Axis Capital and ICICI Securities were the brokers.
Government of India: ALMT Legal Bangalore partners Dhanya Menon and Rajat Bopaiah with senior associate Arita Chatterjee and international law firm Morrison Cohen partner Richard Baumann
Brokers: Amarchand Mangaldas Delhi partner Prashant Gupta, principal associate Aarti Joshi, principal associate designate Sayantan Dutta, and senior associate Manjari Tyagi, and international law firm Cleary Gottlieb Steen and Hamilton

Indian mass media company HT Media Limited bought 40 per cent equity in online recruitment business MyParichay
HT Media: J Sagar Associates (JSA) partner Shivpriya Nanda, senior associate Sujoy Bhatia, associate Zain Pandit and trainee associate Aneesha Tawakley
MyParichay: PXV Law Partners Bangalore partner Kartik Ravichander

Murugappa group’s EID Parry India bought back joint venture partner Cargill’s 49 per cent stake in Silkroad Sugar
Cargill: PXV Law Partners partners GT Thomas Phillippe and Anuj Sahay and senior associate Aparajita Srivastava, and Cargill’s in-house legal team Devottam Sengupta
EID: HSB Partners partner TK Bhaskar and principal associate Varun Sriram

Litigation and competition

Sanjay Singh Films (SSF) won in the High Court of Bombay against Kranti Kanade - director and author of the screenplay of the film Gandhi of The Month - who had filed to restrain SSF from engaging in commercial use of the film, and creating third party rights in it
Sanjay Singh Films: Juris Corp partner Ranjit Shetty and associate Sonam Wangmo Dorji, and senior advocate TN Subramaniam
Kranti Kanade: Advocate-on-record Sugandh Deshmukh

Lufthansa German Airlines and Austrian Airlines won in the Competition Appellate Tribunal against the Travel Agents Association of India (TAAI) which had alleged that the two had abused their dominant market position to concert with seven other airlines in discontinuing the system of paying commission to travel agents
Lufthansa German Airlines and Austrian Airlines: Luthra & Luthra senior partner HS Chandhoke and partner GR Bhatia, with managing associate Karan S Chandhiok and associates Nidhi Singh and Vikram Sobti
TAAI: Induslaw partner Bhupinder Singh Chauhan

Competition Commission of India: Verus partners Rishad Ahmed Chowdhury and Krishnayan Sen with associate Vanya Vida

 Note: We have updated the instruction in the COMPAT to include Verus which had advised the CCI in its appeal, which we were not aware of earlier.

If you would like your deals included in future deals round-ups, please send us an email at with details of the transaction and lead partners.

Photo by lemonhalf

Click to show 11 comments
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Like +0 Object -0 TAAI v. Lufthansa, CCI et al 17 Dec 12, 21:40
VERUS appeared for CCI, one of the respondents.
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Like +0 Object -0 Injustice 17 Dec 12, 23:11
How could you miss that kian? What a travesty of justice!
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Like +0 Object -0 Sweety 18 Dec 12, 07:15
Kian just reproduces what the firms tell him that is why he gets all m&a and cap market deals mixed up and thats where he gets the "9 biggest deals" stuff
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Like +0 Object -0 NRI 18 Dec 12, 07:48
Quoting Injustice:
How could you miss that kian? What a travesty of justice!

I know at least 5 people who were working on these deals whose names have not been included
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Like +0 Object -0 Wasted? 18 Dec 12, 09:46
I think Injustice was being sarcastic!
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Like +0 Object -0 www 18 Dec 12, 00:47
Just mail Kian, dude. I'm sure he'd be more than happy to acknowledge your role. Why give opportunity to trolls like 1.1. Thanks.
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Like +0 Object -0 ABC 18 Dec 12, 09:18
AMSS way head of the others as usual!
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Like +0 Object -0 ABC 18 Dec 12, 09:59
AMSS leads !
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Like +0 Object -0 Associate 18 Dec 12, 11:10

After Mahindra QIP, Sintex Industries Ltd, IndusInd Bank Ltd and Talwalkars Better Value Fitness Ltd have also filed Placement Documents for QIP.
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Like +0 Object -0 Chulbul Pandey 18 Dec 12, 15:02
But all put together are not equal to Mahindra QIP......
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Like +0 Object -0 anon 18 Dec 12, 12:00
2 deals by PXV! awesome for a start-up. way to go.
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