Deals
Projects Luthra & Luthra has acted for an IDBI-led consortium of banks and financial institutions in the financing of $50m coal mine project of GVK Coal (Tokisud) Company in Jharkhand.
Finance
Bristol-headquartered TLT has bagged the advice for a syndicate of Indian banks on a $110m dollar loan to Indus Gas alongside Amarchand Mangaldas, with the regional UK firm benefiting from its niche banking pitch.
Private equity / VC Universal Legal has advised two microfinance institutions in Chennai and Hyderabad on private equity capital raisings with AZB & Partners and Trilegal acting for the investor companies.
Projects Luthra & Luthra advised a consortium of 10 banks and financial institutions led by Axis Bank in the project financing of a $585m power project in the Chandrapur District of Maharashtra, constructed by GMR Energy subsidiary EEL.
Capital Markets
Amarchand Mangaldas, Freshfields Bruckhaus Deringer, Talwar Thakore & Associates and its best friend Linklaters are advising India's second largest power sector company Essar Energy in its plans to raise $2.5bn (Rs 11,000 crores) in a maiden listing on the London Stock Exchange (LSE).
Finance
J Sagar Associates (JSA) and Trilegal have completed mobile phone operator Aircel's Rs 2,000 crore ($449m) commercial paper fundraising to part-finance the telecom operator's upcoming 3G licence auction.
Capital Markets
Amarchand Mangaldas picked up almost one third of 33 initial public offering (IPO) mandates in the first quarter of 2010, while Crawford Bayley, J Sagar Associates (JSA), Luthra & Luthra and Khaitan & Co together bagged another 40 per cent of instructions.
Capital Markets Kaden Boriss Legal LLP has bid for the due diligence and documentation work in the privatisation of Kuwait Airways Company along with consortium members Al Oula Law and Cox Padmore Skolnik & Shakarchy on 10 April in Kuwait.
Corporate M&A
AZB & Partners has shot to the top of the mergermarket M&A league table by acting on seven out of eight of the largest M&A deals in the first three months of 2010. Desai & Diwanji and Amarchand Mangaldas respectively came in at second and third place by number of deals done.
Private equity / VC Khaitan & Co scooped another Blackstone mandate in the private equity house's Rs 225 crore ($51m) investment in newspaper publisher Jagran Media, which was advised by Luthra & Luthra. Simpson Thacher was the international legal counsel to Blackstone.
Projects Project finance specialist India Law Services (ILS) has advised a consortium of bankers in two project financing transactions of Nagapattinam Energy and Caddie Hotels in the last week of March.
Corporate M&A
Allen & Overy (A&O) and Indian best friend firm Trilegal have scooped the mandated lead arranger mandate on the closing Bharti Airtel – Zain $9bn merger, alongside AZB & Partners, Herbert Smith and Linklaters.
Corporate M&A Vaish Associates has advised longstanding clients Religare in the acquisition of healthcare solutions business of Bangalore-based Sobha Renaissance Information Technology (SRIT) for an undisclosed amount.
Private equity / VC Induslaw and Amarchand Mangaldas represented three funds that investing $10m into Azure Power's solar power technology project.
Private equity / VC Desai & Diwanji has acted as sole legal adviser on Rs 93.4 crores ($20m) investment by Templeton Strategic Emerging Markets Fund III (TSEMF III) in Shiv-Vani Oil & Gas Exploration Services for a 5.3 per cent stake in the company.
Corporate M&A
SN Gupta & Co has kick-started its sports practice by advising on the $333m (Rs 1,533 crore) buy of the Indian Premier League's (IPL) new Kochi team by the Rendezvous Sports World consortium.