Deals
Corporate M&A
Vaish & Associates is advising the promoter group and the merchant bankers in the Rs 75 crore initial public offering (IPO) of Delhi-based alcohol beverage company Globus Spirits.
Corporate M&A
Luthra & Luthra is advising ArcelorMittal on its Rs 500 crore ($103m) stake acquisition in Mumbai-based Steel company Uttam Galva Steels.
Corporate M&A
Covington & Burling and Trilegal have co-operated on the IPO of Indian Energy on London's Alternative Investment Market (AIM), which is only the fourth successful listing this year on the London Stock Exchange-owned smaller market.
Corporate M&A
Amarchand Mangaldas has acted for Wockhardt in selling 10 hospitals for Rs 909 crore ($186m) to Fortis Healthcare, which was advised by Vaish Associates in Mumbai.
Corporate M&A
Khaitan & Co has benefited as tour operator Cox & Kings overhauled its roster of IPO advisers, dropping J Sagar Associates (JSA), which had advised on the aborted 2008 flotation.
Finance
India's largest mortgage lender Housing Development and Finance Corporation (HDFC) has issued India's first ever dual warrants and bonds instrument, which was structured by AZB & Partners, Amarchand Mangaldas and Linklaters Singapore to raise Rs 4000 crore ($822m) for the company.
Litigation
Khaitan & Co has won a temporary victory against alleged Bollywood plagiarism in the Calcutta High Court. The firm is representing movie producer Vipul Shah against Sri Venkatesh Films over the currently screening Bengali movie Poran Jay Joliya Re, which Shah alleges is a scene-by-scene "copy-paste" of his film Namastey London.
Corporate M&A
A raft of law firms have picked up mandates on the four latest initial public offer (IPO) proposals to be filed with the Securities and Exchange Board of India (SEBI), with Amarchand Mangaldas taking two issuer mandates, Luthra & Luthra acting for one company and Rajani Associates for the fourth.
Corporate M&A
AZB, DSK and Trilegal have done well in Asia Pacific private equity deal rankings despite heavily depressed values and volumes this year.
Corporate M&A
Desai & Diwanji and J Sagar Associates (JSA) have sealed Essar Steel's Rs 650 crore ($135m) purchase of Shree Precoated Steels, with JSA facing the "challenging" task of acting as joint counsel to both seller and buyer.
Litigation
Advani & Company is representing the family of India's first H1N1 virus victim against the Pune hospitals it alleges had caused her death.
Litigation
Luthra & Luthra has advised long-standing client NDTV in the Supreme Court against allegations that its so-called BMW hit-and-run case sting operation was in contempt of court and amounted to "trial by media".
Corporate M&A
Khaitan & Co scored the Mahindra Holidays & Resorts listing in Mumbai, which netted the Mahindra Group around Rs. 275 crore over the past month and to many investors signalled a temporary end to the initial public offering (IPO) drought.
Corporate M&A
Tata Steel has selected an identical roster of firms to advise on its latest fundraising in London, with Amarchand Mangaldas, Talwar Thakore Associates, Cleary Gottlieb Steen & Hamilton and Milbank Tweed Hadley & McCloy reprising their roles from the monster 2008 Corus acquisition-related rights issue.
Corporate M&A
Amarchand Mangaldas, Khaitan & Co and Jones Day have advised on India's largest initial public offer (IPO) in 18 months for Adani Power's issue, which has so far seen four-fold oversubscription and is hoped to raise between Rs 2,700 and 3,000 crore ($558m to $620m).
Corporate M&A
Amarchand Mangaldas and Platinum Partners in Mumbai are advising on the Rs 308 crore ($64m) acquisition of a 35 per cent stake in Life Insurance Corporation of India's (LIC) asset management arm by Nomura, which marks Platinum's first instruction for the Japanese bank.