Law firms
Law firms
“Pradyuman Dubey, who had left Luthra & Luthra in 2011, has rejoined the firm as a Partner in the firm’s Litigation practice group confirmed Senior Partner Mohit Saraf,” reported Bar & Bench.
Law firms
Cyril Amarchand Mangaldas (CAM) Mumbai partner Anshuman Jaiswal, who handles corporate and also heads up knowledge management, is moving back to Hyderabad, folllowing office head Rahul Sarella having left a month ago.
Corporate M&A
“Sajjan Jindal-controlled JSW Energy has agreed to acquire a 500 MW thermal power plant located in Madhya Pradesh from Jaiprakash Power Ventures for an enterprise value of ₹2,700 crore in an all-cash deal.” (Hindu Businessline)
Law firms
International firm Ashurst’s local best friend Indian Law Partners (ILP) has hired sports and media lawyer Kiran Desai in Mumbai to head up its intellectual property, media, entertainment and sports law practice.
Law firms
Luthra & Luthra has come out as possibly the first Indian law firm to publicly announce the names of its new partners, partner designates, managing associates and senior associates (57 names, all in all).
Law firms
Cyril Amarchand Mangaldas Mumbai partner Vijayendra Pratap Singh will join AZB & Partners Delhi, Singh has officially confirmed.
Law firms
Link Legal India Law Services has hired two lateral partners, with Harish Kumar joining from DMD Advocates, and Shubha Karra joining from Argus Partners.
Law firms
Cyril Amarchand Mangaldas has hired AZB & Partners litigation partner Sidhartha Barua as a litigation partner in Delhi with seven AZB fee-earners.
Law firms
Luthra & Luthra has hired Samvad Partners corporate partner Apurva Jayant in Mumbai, Bar & Bench has reported.
Law firms
Luthra & Luthra has promoted 6 to its partnership, and eight to partner designate level.
Law firms
Shardul Amarchand Mangaldas has promoted 16 to its partnership, and internally announced the promotion of ex-Cognizant Anand Bhushan that was first reported by us on 4 July.
Corporate M&A
"Canadian billionaire Prem Watsa’s Fairfax India Holdings Corp. ... said it had agreed to acquire a 51% stake in Privi Organics Ltd for about Rs 370 crore. Privi Organics is a supplier of aroma chemicals to many large fragrance and consumer goods companies globally.” reported Mint.
Corporate M&A
Pursuant to the liberalisation of foreign investment in the insurance sector, Prism Cement sold 23% out of its 74% stake in Raheja QBE General Insurance Company to an affiliate of QBE Asia Pacific Holdings for Rs 110 crore (AUD 21.5m).