Corporate / M&A
Corporate M&A
Verus Advocates Mumbai partner Jay Parikh, assisted by associates Aastha Khurana, Rashna Jehani and Priyanka Devgan, acted for Hyderabad-based Sagar Cements which sold 47 per cent of its Vicat Sagar Cement to an affiliate of its French joint-venture partner Vicat Group for Rs 435 crore. MNK Law Delhi partner Probal Bhaduri and associate Kamalika Bhattacharjee acted for Vicat.
Corporate M&A
Mergermarket Q1 M&A value leader AZB & Partners slipped to seventh spot in 2014’s half-yearly rankings, while Q1 ninth-ranked Amarchand made up the lag to top spot.
Corporate M&A
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
Corporate M&A
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.
Corporate M&A
AZB, 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.
Corporate M&A
At 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.
Corporate M&A
Indian Law Partners (ILP) and Ashurst acted for Japanese Toshiba in its investment in Delhi-based clean water solutions provider company UEM India.