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Nishith Desai Associates (NDA) advised India’s largest e-commerce player Flipkart on buying out online fashion retailer Myntra which was advised by Indus Law. One of the existing investors IDG Ventures India I LLC which was advised by Samvad Partners

Nishith Desai Associates acted as Indian legal and tax counsel for Cognizant, which bought Atlanta-based digital video solutions company itaas, which was represented by P&A Associates.

Nishith Desai's Munich-based European operations head Ruchi Biyani, with partner Nishchal Joshipura and Singapore-based international tax head Mahesh Kumar, acted for the Indian IT giant, alongside US law firm Venable.

P&A, which used to have a best friend relationship with Jones Day several years ago, acted for itaas led by managing partner Anand Pathak, together with US law firm Morris Manning & Martin.

The deal value was not disclosed but itaas is estimated to have revenues of around $30-50m annually, wrote Mint in a detailed report, and is hoped to help Cognizant increase its US work from US telecoms and media companies.

Q1 M&A: In terrible shapeAZB, Trilegal and Luthra had the biggest reported deals in the first quarter of the year, which was a bit of a let down compared to the first quarter of 2014 but is looking up.

Vodafone: top up minutesAt least three domestic law firms acted on Vodafone UK’s buyout of Vodafone India shareholders to take full control over its Indian subsidiary for more than $1.6bn.

ToshibaIndian Law Partners (ILP) and Ashurst acted for Japanese Toshiba in its investment in Delhi-based clean water solutions provider company UEM India.

Ranbaxy Sun PharmaSun Pharma bought debt-ridden pharmaceutical giant Ranbaxy for $4bn from Daiichi Sankyo.

Calvin KleinIndus Law advised textile and apparel retailer Arvind Brands, which bought 49 per cent of the Indian licensee of global fashion giant Calvin Klein (CK) for Rs 100 crore. J Sagar Associates (JSA) advised the previous licensee Premium Garments and Wholesale Trading.

TescoAZB & Partners acted for Tata’s subsidiaries Trent and Trent Hypermarket that entered into a joint venture with Anglo-global supermarket retail behemoth Tesco, which drafted in Trilegal.

Leapfrog Investment bought a Rs 174 crore ($29m) stake in IFMR Capital Finance, advised by Desai & Diwanji and Trilegal.

Trilegal and Japanese firm Mori Hamada & Matsumoto (MHM) advised Japanese metal giant Hitachi Metals in buying a majority stake in two Vikas Group entities.

Phones in BombayAZB & Partners Mumbai is advising Loop Telecom, which is being acquired by Bharti Airtel that is handling the legal work in-house.

eBayJ Sagar Associates (JSA) Bangalore has bagged the mandate for global e-auction giant eBay, which took a $133.7m stake in Indian online marketplace Snapdeal, advised by IndusLaw.

Economic Laws Practice advised watches and jewellery retailer Titan in hatching a joint venture with luxury goods maker Montblanc International for single brand retail in India.

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