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S&R Associates and Kirkland & Ellis advised the UK-based Kewill group and its backers Francisco Partners, in buying Hyderabad-based software solutions provider Four Soft for Rs 265 crore ($43.4m). Four Soft was advised by BMR Legal.

RBSAZB, Luthra, Links & Slaughters sell off Indian RBS assets to Ratnakar bank.

RDA Legal advised pickles and jams manufacturer Desai Brothers in buying out Savannah Hotels from Sinclairs Hotels, which operates the Savannah-Sinclairs Hotel in Bangalore, and from Savannah’s other shareholders.

RDA managing partner Rohit Das and associates Ushasi Das and Robin Quadros advised on the transaction, while partner Avik Biswas led the due diligence with senior associate Naren BS and associate Soumik Das.

Sinclairs Hotels, which Das advised in its November 2011 acquisition of Savannah, was advised in-house.

The Securities and Exchange Board of India (SEBI) is examining the terms of the agreement between Ambuja Cements and Holcim.

PVR CinemasLuthra & Luthra advised India’s largest multiplex operator PVR in its Rs 1,000 crore contract with BMR-advised Big Tree.

M&A: Biggest slice, or rest of the pie?AZB & Partners dropped off data provider Merger Market’s half-yearly (H1) M&A league table despite reporting 21 deals – the highest among India’s top ten law firms.

Desai & Diwanji advised auto parts maker Amtek Auto, which bought 51.2 per cent in the Jamshedpur-based JMT Auto for Rs 110 crore ($18.4m), according to VCCircle. JMT Auto was advised by Amicus.

Desai & Diwanji Gurgaon-based partner Raghav Mathur assisted by senior associates Nikhil Sachdeva and Jinni Sinha with associates Amanjot Malhi, Nakul Batra and Nitya Chadha acted for Amtek. The company made an open offer to purchase an additional 26 per cent equity in JMT for Rs 55.6 crore.

Amicus co-founding partner Shivi Agarwal acted for JMT, which had revenues of over Rs 300 crore on 31 March, according to the Economic Times. Amtek is backed by funds ChrysCapital and Warburg Pincus, and ChrysCapital also holds 30.5 per cent in JMT, according to VCCircle.

Vaish Associates advised pre-school network Brainworks Learning Systems and its investor Kusumbala Investments in selling out for Rs 5 crore ($824,810) to pre-school network Tree House Education & Accessories. Tree House was advised by Wadia Ghandy.

Vaish Associates Mumbai corporate and banking partner Sandhya Iyer with senior associate Yatin Narang and associate Ishita Roy acted for Brainworks which, according to Business Standard, has 13 self-operated and 51 franchisee centres all over India.

Wadia Ghandy Ahmedabad partner Tanvish Bhatt with senior associate Shreya Desai acted for Tree House which will now have 450 centres across India, reported the paper.

HydrocarbonAmarchand Mangaldas advised Videocon Hydrocarbon Holdings (VHHL) on the Indian leg of the $2.475bn (Rs 14,827 crore) sale of its 10 per cent stake in a Mozambique gas field in Brazil.

IndusLaw advised the founders of Redbus and its early investors Helion, Inventus and Seed Fund, in selling out the online bus-ticketing service for $100m (Rs 597 crore) to the Ibibo Group, which is a joint venture of South African Media giant Naspers and Chinese internet company Tencent.

Amarchand Mumbai partners Vandana Shroff and Ajay Joseph acted for the Ibibo Group, which owns online travel aggregators Goibibo and TravelBoutiqueOnline.

IndusLaw Bangalore partner Suneeth Katarki with associates Basava Rao, Rashi Saraf, and Sherill Pal acted for the Bangalore-based Pilani Softlabs’ founders Phanindra Sama and Charan Padmaraju and the other investors in the buy-out of the seven-year old company.

In 2012 RedBus earned Rs 350 crore selling tickets over Rs 600 crore on more than 10,000 bus routes, according to Mint.

Amarchand Mangaldas advised State Bank of India (SBI), SBI Trustee and SBI AMC in buying Japan’s second-largest brokerage group Daiwa Security Group’s Daiwa Mutual Fund. Daiwa was advised by AZB & Partners. SBI will buy the Japanese fund for more than Rs 1.3 crore ($220,000), reports Mint.

Amarchand Mangaldas Mumbai corporate partners Ashwath Rau and Aysswarya Murthi acted for the buyers, which will acquire Daiwa’s sponsorship, trusteeship and management.AZB & Partners Mumbai partner Alka Nalavadi and associate Rushabh Maniar acted for Daiwa Asset Management Company’s Indian and Japanese arms and Daiwa Trustee Company.

Daiwai Mutual Fund is selling out to SBI because it wants to cut costs and jobs outside Japan, and because India poses regulatory uncertainties, waning retail investor interest in equity markets, wafer-thin margins and a highly competitive environment, reported the Times of India.

TyresAmarchand Delhi, Jones Day Cleveland and Sullivan Cromwell London acted on Gurgaon’s Apollo Tyres $2.5bn takeover of Ohio-based Cooper.

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