Corporate

Ex-Link Legal employment partner Raunak opens employment boutique, sensing gap in market

Former Link Legal India Law Services employment law partner Raunak, whom we had reported in June to have resigned from Link Legal, is in the process of starting a new law firm.

Argus, AZB bag Tata Steel winning bid for $633m of distressed Usha Martin steel assets, opposite Khaitan

Tata Steel has signed a definitive agreement to buy the steel business of specialty steel and wire rope maker Usha Martin, which could be valued at Rs 4,600 crore, reported moneycontrol . Tata Steel had reportedly beaten rival bidders Vedanta, JSW Steel and Kalyani Steels to the steel assets of the ...

India’s first REIT debuts today with a little help from CAM, S&R, may raise $720m

India’s first real estate investment trust (REIT) has filed its preliminary prospectus today, four years after the regulation had been notified, with the Blackstone Group and Embassy Group cooperating on the issue, which could yield $720m, according to Bloomberg . REITs allow investors to take stake...

Ex-A&O Trilegal partner Srinivas Parthasarathy to leave post-sabbatical

Trilegal Mumbai finance partner Srinivas Parthasarathy has left the firm, reported Bar & Bench, with him apparently “taking a break from law practice”.

Bharti Axa GC Sachin Kalra joins HT Media as 2nd deputy GC

Bharti Axa Life Insurance vice president and head legal Sachin Kalra joined HT Media on 4 September as the media company’s second deputy general counsel.

HSA expands in Bangalore with Atman Law Partners managing partner Chinmay Mirji

HSA Advocates has expanded further in Bangalore by absorbing local firm Atman Law Partners, adding four new lawyers including partner Chinmay Mirji.

Decoding latest salvo in Nirav Modi privilege battle: CAM had no privilege, claims CBI

After an unnamed Central Bureau of Investigation (CBI) source had told the Times of India in April that the agency might file a case against Cyril Amarchand Mangaldas (CAM) over Nirav Modi files it had held, Reuters has today run a follow-up scoop that has been widely picked up by nearly all Indian media.

Trilegal counsel Shaswata Dutta (NUJS ‘10) joins Goldman Sachs as ED legal, special situations

Trilegal Mumbai-based counsel Shaswata Dutta has joined Goldman Sachs as executive director, legal, in its Asia special situations group on Monday (17 September).

Rajani partner Amit Kolekar joins Godrej & Boyce Manufacturing to head up real estate legal

Rajani Associates Mumbai-based associate partner Amit Kolekar has joined Godrej & Boyce Manufacturing Company as its head real estate advisor in its legal team earlier this month.

Hammurabi & Solomon partner Pathik Arora heads to wind power co Senvion as India GC

Hammurabi & Solomon (H&S) Delhi senior partner Pathik Arora has joined German wind turbine maker Senvion Wind Technology as its director legal and general counsel India.

Samvad, LegaLogic on $1m Bonfleet seed funding

“Bonfleet Solutions Pvt. Ltd, which runs fintech startup Bon, has raised a seed round of funding led by impact investment firm Omidyar Network. The company has received Rs 7.8 crore ($1.03 million) from investors that also include early-stage investment firm Axilor Ventures and Better Capital’s AngelList India Syndicate,” reported VC Circle.

Cyril Amarchand Delhi partner Harsh Kumar (NUJS 05) resigns

Cyril Amarchand Mangaldas Delhi-based corporate partner Harsh Kumar has resigned, Bar & Bench has first reported, noting that he is “likely to join another top law firm”.

DSK partner, employment head Maneesh Upadhyay joins JSA as Mumbai partner

DSK Legal Mumbai partner and head of its employment practice Maneesh Upadhyay is joining J Sagar Associates (JSA) as a partner from today.

Unicorn Zomato gets 1st general counsel: Ex-Khaitan, PXV partner GT Thomas Phillippe (NUJS ‘05) joins

Former Khaitan & Co partner and PXV Law Partners co-founder GT Thomas Phillippe has today joined technology and food delivery giant Zomato, which has been using AZB as its adviser, in Delhi as general counsel (GC).

Ex-CAM Harry Chawla-Niti Paul boutique Atlas makes its first internal promo: NUJS ‘08 Maureen Z Ralte

Atlas Law Partners, which was founded by former Cyril Amarchand Mangaldas partners Harry Chawla and Niti Paul in 2016, has promoted managing associate Maureen Z Ralte, to associate partner level.

Rajaram guides digital lender Kissht on $30m Series C with SAM, Indus, D&D

Online lender Kissht has raised a Series C round of $30m from Singapore’s Vertex Ventures and Russia’s Sistema Asia Fund, as well as from existing investors Fosun RZ Capital, Ventureast and Endiya Partners, reported Mint . Rajaram Legal acted for Kissht led by principal associate Prasad Subramanyan ...

S&R advises HT Media on $1.4m investment in CAM-SAM Akila client Editorji

HT Media has invested Rs 10 crore to buy 10 per cent of equity in Editorji Technologies, a company promoted by Vikramaditya Chandra that owns and operates a platform for creation and distribution of personalised video, news and related content through electronic means, as reported by Television Post...

Khaitan advises HIL on $84.4m buy of Germany’s Parador Holdings, with Baker Macs, CMS

Hyderabad-based building materials company HIL Ltd has bought Parador Holdings of Germany, which is worth Rs 687 crore, from existing shareholders NORD Holding, Deutsche Mittelstandsholding, Lubert Winnecken and Hendrik Voß for 72.3m Euros. Khaitan & Co acted for HIL , with a team led by partne...

AZB SA Esha Pruthi moves in-house to Czech lending giant Home Credit India as AVP

AZB & Partners senior associate Esha Pruthi has joined Home Credit India’s legal team of 16 as assistant vice president (AVP) legal in Delhi.

JSA, Khaitan on NBFC Belstar $28m raise from Muthoot, Maj Invest

Denmark-based Maj Invest Financial Inclusion Fund together with existing strategic shareholder, Muthoot Finance have invested around Rs 202.6 crores ($28m) in NBFC-MFI, Belstar Investment and Finance Private Limited, as reported by Business Standard . As per the reports, Maj has picked up an 11% sta...