Deals
Corporate M&A
AZB & Partners and Amarchand Mangaldas have advised on a majority of M&A mandates out of 26India-related transactions in November, according to data aggregated by mergermarket.
Corporate M&A
J Sagar Associates’ (JSA) Bangalore office has advised Volvo Bus Corporation in the buy-out of a 30 per cent stake of its Indian joint venture from partner Jaico Automobile Engineering, which hired AKS Law Associates.
Litigation
Crawford Bayley and Amarchand Mangaldas have been duking it out in the Bombay High Court on behalf of expelled Indian Premier League (IPL) team Rajasthan Royals and the Board for Control of Cricket in India (BCCI) respectively, with a ruling on an arbitrator’s interim relief expected this week.
Corporate M&A
Amarchand Mangaldas has advised JSW Energy on its $422m (Rs 1,900 crore) acquisition of Canadian power company CIC Energy with a raft of international law firms.
Corporate M&A
DLA Piper’s new German hires and Khaitan & Co have advised photovoltaic company Gehrlicher Solar AG on its reported $5m+ joint venture with Indian green-tech company Greenforce Enviro, which was advised by Mumbai firm I&S Associates.
Corporate M&A
AZB & Partners and US firms Foley Lardner and Baker & Daniels have advised on the Rs 450 crore ($100m) acquisition of US hair product company Namasté Laboratories by Dabur India’s US unit company Dermoviva Skin Essentials Inc.
Litigation
Karanjawala & Company partner Manik Karanjawala is representing Tata Group chairman Ratan Tata who has approached the Supreme Court today about the Nira Radia tapes that he alleges violated his privacy, reported the Indian Express.
Corporate M&A
DSK Legal and UK firm Stephenson Harwood have closed a Rs 1,000 crore ($219m) joint venture (JV) between JSW Steel and UK steel major Severfield this month.
Corporate M&A
The Mumbai offices of Amarchand Mangaldas and AZB & Partners have advised on the acquisition by India’s third-largest private sector bank Axis Bank of financial services businesses of Enam Securities Private Limited (Enam) for Rs 2,067 crore ($450m).
Corporate M&A
Listed Indian software services company Zensar Technologies has bought Dutch-American software company Akibia for $66m, advised by Khaitan & Co and US firms Greenberg Traurig and Stahl Cowen Crowley Addis.
Litigation
Exclusive: Naik Paranjpe & Co said it won back the 9pm prime-time slot for Viacom18 Media television show Bigg-Boss 4, following the Information and Broadcasting Ministry’s categorisation of the show as an adult show after complaints of vulgarity, having pushed the show’s airing to the later 11pm slot.
Capital Markets
Khaitan & Co and UK firm Berwin Leighton Paisner (BLP) have advised on the Global Depository Receipt (GDR) issue of Indian coal-bed methane producer Great Eastern Energy Corporation Limited (GEECL) on the London Stock Exchange (LSE) after its listing on London's Alternative Investments Market (AIM) earlier in 2005.
Litigation
Khaitan and Partners has acted for long-standing clients Jet Airways in a criminal action instituted against an individual who allegedly siphoned off Rs 2.07 crores from the airline’s account by seeking double refunds on the cancellation of 163 airline tickets.
Corporate M&A
Phoenix Legal and Tatva Legal have advised on the global catering and onboard services provider Gategroup’s 74 per cent stake take-over of India’s leading airline catering company Skygourmet, which is valued at $92m.
Litigation
Media law specialist Naik Paranjpe & Co has secured exhibition and distribution rights for multi-starrer film Action Replayy by winning a favourable interim order from the Competition Commission of India (CCI) against six distributors for allegedly indulging in anti-competitive cartelisation practices.
Corporate M&A
AZB & Partners and Amarchand Mangaldas Delhi have advised on the world’s largest express shipping company FedEx’s acquisition of Indian logistics services provider AFL Private Limited and its subsidiary Unifreight.