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Buildin' roads!Desai & Diwanji advised the Ashok Piramal Group in its Rs 1250 crore to Rs 1500 crore ($250m to $300m) three-way joint venture (JV) with Canadian engineering group SNC-Lavalin, which was advised by Economic Laws Practice (ELP), and IDFC project equity’s investment fund India Infrastructure fund (IIF), which was advised by Khaitan & Co.

K Law and Linklaters have advised Reliance Industries on its Rs 22bn ($450m) joint venture with Russian petro company Sibur, which was advised by Khaitan & Co and Herbert Smith, as Legally India had earlier reported.

Khaitan & Co., alongside Herbert Smith, advised Russian petrochemical giant Sibur in sale of 74.9 per cent equity for Rs 22 bn ($450 m) to Reliance Industries for setting up a joint venture (JV) Greenfield project manufacturing synthetic rubber. Reliance Industries was advised in-house.

Khaitan & Co, alongside Travers Smith, advised legal process outsourcing (LPO) company CPA Global in its acquisition by European buyout firm Cinven which was advised by Freshfields Bruckhaus Deringer.

mining Amarchand Mangaldas Delhi office has scooped the mandate to merge Vedanta’s Sterlite Industries unit with Sesa Goa to decrease the mining conglomerate’s debt.

Uninterruptible powerExclusive: Amarchand Mangaldas advised French electrical and digital building infrastructure major Legrand Group in its Rs 837 crore ($171m) acquisition of Chennai-based Numeric Power Systems’ uninterruptible power supply (UPS) business, which as advised by Universal Legal.

Telecoms in India: Old news, get out now? Khaitan & Co advised Bahrain-headquartered telecom service provider Bahrain Telecommunications Company (Batelco) in its $174m stake sale in its Indian joint venture STel to Skycity Foundation, which was advised by Rajani Associates.

Pharma DSK Legal advised Bangalore-based pharmaceutical company Strides Arcolab in the sale of its 94 per cent shareholding in its Australian and Southeast Asian subsidiary Ascent Pharmahealth to US- based Watson Pharmaceuticals for A$375m (Rs 1965 crore), alongside Herbert Smith and Australian firms Freehills and Middletons.

Starbucks: Everywhere Luthra & Luthra has advised Tata Global Beverages on its joint venture with US coffee chain giant Starbucks Corp, which drafted in Amarchand Mangaldas.

Domestic M&A league table by deal values (source mergermarket, graphic: Mint)Mint exclusive: India’s corporate law firms advised on fewer and smaller mergers and acquisitions (M&A) in the 2011 calendar year than in 2010, which affected revenues but still kept firms such as AZB & Partners, Amarchand Mangaldas, Khaitan & Co, J Sagar Associates (JSA) and Desai & Diwanji busy with a lion’s share of work.

image Exclusive: AZB & Partners Mumbai and Khaitan & Co’s Delhi office have scooped the mandate to advise on Reliance Industries bid to invest in two Network18 subsidiaries for more than Rs 1,500 crore ($290m).

J Sagar Associates (JSA) advised Simbhaoli Sugars on its Rs 330 crore ($63.8m) joint venture with Singapore-based sustainable resources company Sindicatum, which was advised by Axon Partners LLP for the first time.

Amarchand Mangaldas advised DLF Home Developers on Rs 430 crore ($81.5m) sale of its subsidiary Haamid Real Estates to realty firm M3M India, which was advised by Desai & Diwanji.

MnA-pie_lrg Desai & Diwanji has again reclaimed its throne as the busiest M&A firm in India having acted on 33 deals in the first three quarters of the year with Khaitan & Co also laying down improved M&A figures, while AZB & Partners, Talwar Thakore Associates and S&R Associates harvested the biggest value deals, also benefitting Linklaters and Allen & Overy.

AZB & Partners Delhi and P&A Associates advised on the sale of AppLabs to Computer Sciences Corporation (CSC) for as much as Rs 1,200 crore ($253m).

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