Law firms

IndusLaw has hired Sandeep Grover as a partner in litigation from Shardul Amarchand Mangaldas, where he was a principal associate in Delhi.

Cyril Amarchand Mangaldas has acted on $40.4bn worth of mergers and acquisition in the 2016 calendar year, according to researcher mergermarket, with AZB & Partners having recorded $30.1bn of M&A deals in the same period.

"Gurgaon-based developer Vatika Group on Friday secured Rs 700 crore funding from Altico Capital and has closed the first tranche of Rs 475 crore,” reported Mint.

Mumbai-headquartered SNG & Partners has started a stressed asset resolution practice by hiring Kishore Srinivasan, who had been working at Edelweiss Alternative Assets Advisors as executive vice president until January 2015 from 2010, reported VCCircle (paywalled).

News Corp-backed real estate portal PropTiger said on Tuesday that Mumbai-based Housing.com will merge with it in an all stock deal, and that it will receive $50 million in fresh funds from News Corp.’s REA Group Ltd and $5 million from SoftBank Group.

"EcoCentric Management Pvt Ltd (ECMPL), a Mumbai-based e-waste management firm, has raised its first round of growth capital from a couple of high net worth individuals (HNIs). The funding will be utilized to increase capacity and expand its reach pan-India,” reported Enablers Investment.

Cadwalader Wickersham & Taft special counsel Sinjini Saha, who is a 2004 graduate of NLSIU Bangalore, has been promoted to the US law firm’s partnership in London.

"International Finance Corp (IFC), the private sector investment arm of World Bank, on Thursday said it has invested $125m in Hero Future Energies, the renewable energy arm of the Hero Group, for an undisclosed equity stake.

Delhi University 2004 graduate Amit Kataria has been elected to Morrison & Foerster’s partnership in Hong Kong, as part of a round of promotions to new partners.

HSA Advocates has hired Shahen N Pradhan as associate partner in Mumbai from J Sagar Associates (JSA), where he was a principal associate specialising in dispute resolution.

A Delhi sessions court has yesterday declined to grant bail for now to T&T Law managing partner Rohit Tandon, who was arrested last week and stands accused as one of the main conspirators in trying to launder Rs 60 crore in demonetised cash, according to the Hindustan Times and the PTI.

Jeet Sen Gupta, who had joined Juris Corp as a partner in July 2015 from Economic Laws Practice (ELP), has now joined the Mumbai start-up Vertices Partners, which was set up by three ELP alums.

"IDFC Bank has signed a share purchase agreement with Grama Vidiyal Micro Finance (GVMFL) for acquisition of 100 percent equity share capital of GVMFL,” according to IDFC’s filing as reported by Money Control. AZB & Partners partner Srinath Dasari and senior associate Gautam Rego acted for IDFC.

T&T Law managing partner Rohit Tandon has been arrested by the enforcement directorate (ED) yesterday under the Prevention of Money Laundering Act (PMLA) and is to face a Delhi court about his continuing custody, reported PTI and others.

Luthra & Luthra partner Santanu Mukherjee, who is head of international trade and policy advisory at the firm and had joined less than a year ago, has announced he’d leave Luthra to apparently go independent.