Subscribe for perks & to support LI

Your Interests & Preferences: Personalise your reading

Which best describes your role and/or interests?

I work in a law firm
I work for a company / in-house
I'm a litigator at the bar
I'm a law student
Aspiring law student
Save setting
Or click here to show more preferences...

I am interested in the following types of stories (uncheck to hide from frontpage)

Firms / In-House
Legal Education

Always show me: (overrides the above)

Exclusives & Editor's Picks

Website Look & Feel

Light Text on Dark Background

Save preferences

Note: Your preferences will be saved in your browser. You can always change your settings by clicking the Your Preferences button at the top of every page.

Reset preferences to defaults?

Shardul Amarchand, JSA, Khaitan act on Rs 2,000 cr Temasek Avantha buy

J Sagar Associates (JSA) and Khaitan & Co advised Advent International Corporation and Temasek Holdings on their Rs 2,000 crore ($311m) buy of Crompton Greaves’ consumer electrical business from Avantha Holdings which was advised by Amarchand Mangaldas’ Delhi office.

JSA partners Somasekhar Sundaresan, Vikram Raghani, Manisha Kumar and Gautam Gandotra, senior associates Neha Varma and Bir Bahadur Sachar and associates Upamanyu Talukdar and Sujay Athani, and Khaitan partners Haigreve Khaitan, Aakash Choubey, Niren Patel, Arindam Ghosh, Avaantika Kakkar and Adheesh Nargolkar, associate partner Ashwin Bishnoi and executive director Daksha Baxi acted for Advent and Temasek.

Amarchand Delhi managing partner Shardul Shroff, partners Gunjan Shah and Naval Chopra and associates Shruti Kanodia and Divya Sharma acted for Avantha.

Avantha’s stake comprises 34.37 per cent in Crompton Greaves Consumer Electricals, according to the firms’ press releases.

Temasek, which teamed up with Advent at the last minute and will be a junior partner in the acquisition, is for the first time investing in a buyout in India through this deal, reported the Economic Times.

Click to show 7 comments
at your own risk
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.
refresh Filter out low-rated comments. Show all comments. Sort chronologically
Like +13 Object -1 Guest 07 May 15, 16:38  interesting  top rated
Are there no associates at Khaitan who work on deals? If not, what's the harm in giving them credit? Good that JSA is not that insecure about its associates and is happy to give their due credit.
Reply Report to LI
Like +7 Object -2 Diego Costa 07 May 15, 18:02  interesting
It's a bit like football. The score sheet has the name of the scorer not the guy who provided the assist, unfortunately.
Reply Report to LI
Like +1 Object -2 Curious 08 May 15, 11:12
Wasnt Iqbal Khan running this deal, from Khaitan & Co ?
Reply Report to LI
Like +5 Object -1 money for nothing 08 May 15, 18:49
no Ashwin Bishnoi was running this deal from KCO
Reply Report to LI
Like +2 Object -1 Deal 08 May 15, 23:04
Quoting Curious:
Wasnt Iqbal Khan running this deal, from Khaitan & Co ?

Iqbal was nowhere involved on this deal.
Reply Report to LI
Like +1 Object -0 Bryant 09 May 15, 22:50
In SAM, in corporate / M&A, other than Gunjan and Raghubir, does anyONE else do any serious M&A work? Have never heard of any other partner on any other deal! Yes Ravi Bandhkavi of course, but he is no longer with SAM now.
Reply Report to LI
Like +1 Object -0 AMSS Alum 11 May 15, 15:58
Do you want the long answer or the short answer? The short answer is that there are officially a dozen partners who work on M&A matters, but a mix of confidentiality requirements, low deal value, lack of "glamour", office politics (for deciding to report or not) and lack of trust in the deal partner ("if they become famous, they might leave" worries) curbs which names get disclosed.
Reply Report to LI

Latest comments