Corporate

SAM acts on $15m Westbridge Capital funding in Innovent Spaces

“Co-working space startup IndiQube, operated by Innovent Spaces Pvt. Ltd, on Monday said it has raised $15 million (close to Rs 100 crore) in a Series A round from WestBridge Capital Partners, a public markets-focused private equity firm. The round also saw participation from Ashish Gupta, co-founder of venture capital firm Helion Ventures, who serves on the advisory board of the company,” reported VCCircle.

JSA, Platinum, JD, Cleary, Greenberg act on 5th largest outbound M&A of Arysta LifeScience by UPL for $4.2bn

“UPL Corporation Ltd, a wholly owned subsidiary of agrochemical solutions provider UPL Ltd, has signed a definitive agreement with Platform Specialty Products Corporation to acquire Arysta LifeScience Inc, a global provider of innovative crop protection solutions, and its subsidiaries for approximat...

Tatva bulks up Bangalore lit, promotes Nanjappa Ganapathy to partner

Tatva Legal has promoted Bangalore of counsel Nanjappa Ganapathy to its partnership, in a bid to ramp up its litigation presence in the city.

Trilegal, SAM on Swiss Co Leclanche’s JV with Exide to make lithium ion batteries

Swiss-based leading energy storage solution company, Leclanche have entered into a joint-venture agreement with India’s largest manufacturer of lead acid storage batteries and power storage solutions provider, Exide Industries to make lithium-ion batteries and provide energy storage systems for Indi...

SAM Ahmedabad, DSK on TA Associates minority stake buy in mutual fund distributor Prudent Corporate Advisory Services

US-based PE firm TA Associates, has announced that it has acquired a minority stake of 40% in Ahmedabad-based distributor of mutual funds and other wealth products, Prudent Corporate Advisory Services for an undisclosed sum, as reported by VC Circle and The Economic Times . DSK Legal advised and ass...

Khaitan, JSA on $11m Astral Poly Technik buy in Rex Polyextrusion

“Pipe and adhesive maker Astral Poly Technik Ltd has agreed to acquire Rex Polyextrusion Pvt. Ltd for Rs 147.50 crore ($21.4 million) in a cash-and-stock deal to expand its product offerings,” reported VCCircle . Astral said in a stock exchange disclosure it will pick up a 51% stake in Rex Polyextru...

BALCO legal head Pankaj Kapoor joins Sembcorp as VP legal in its new phase as combined Indian power co

The Bharat Aluminium (BALCO) head of legal and compliance Pankaj Kapoor joined Sembcorp Energy India as vice president legal in Hyderabad, according to authoritative sources.

Gaurav Mediratta leaves global FMCG giant Unilever to join homegrown Marico as GC • Marico GC Suresh Jagirdar bags Wadia group GC role

Indian consumer goods company Marico has added former Unilever general manager legal Gaurav Mediratta as executive vice president and general counsel (GC).

Veritas promotes Vineet Nalawalla to partner

Veritas Legal has promoted 2015-lateral hire Vineet Nalawalla to partner, growing the firm to tp;;7 partners.

Trilegal partnership votes AZB’s Ganesh Rao, Aditya Jha into assets, funds practice

Further to our report last week, Trilegal has today voted to admit former partners of AZB & Partners, Ganesh Rao and Aditya Jha, as partners in its asset management and funds practice in Mumbai, growing its partnership to 44.

Cyril Amarchand, Khaitan, Trilegal, Luthra, S&R, Allen Gledhill advise on Singapore-Malaysia $1.1bn buy Fortis Healthcare

Fortis Healthcare Limited was aquired by Malaysian-Singaporean healthcare group IHH Healthcare Berhad (through its wholly owned subsidiary, Northern TK Venture Pte Ltd), through a preferential issue of equity shares of Fortis for a consideration of Rs 4,000 crores at a price of Rs 170 per Equity Share amounting to 31.1% of Fortis’ share capital, as reported by Mint and others.

Advaita, BMR co-founding partner Sujit Ghosh (NLS 95) to leave, become independent arguing counsel

Sujit Ghosh, the co-founding partner of two best friends of Big 4 consultancies - BMR Legal and most recently Advaita Legal - is set to leave the firm soon, we have learned.

P&A grows to 5 with corp partner, Nalsar ‘07 Ketan Mukhija from SREI • New BGL office targets local action

Law firm P&A Law Offices has hired SREI Infrastructure Finance senior vice president Ketan Mukhija as corporate partner in Delhi.

Lafarge legal head Ajai Jain succeeds Nilanjan Sinha in new Godrej & Boyce GC role

Former LafargeHolcim India country head legal and secretarial, Ajai Jain, has joined Godrej & Boyce as senior vice president and general counsel (GC) in a new role, earlier this month.

JM +P, AZB Mumbai, Tatva on fin-tech startup SMECorner’s $7m funding from Capital First, other existing investors

Online micro-lending platform SMECorner, operated by DigiKredit Finance has raised around Rs 47.5 crores (approximately $7m) through a mix of equity and debt from Capital First, existing investor Accion Africa-Asia Investment Company along with investment from a clutch of high net worth individuals,...

S&R, Alpha advise Penguin Random House books on buy of publisher Hind Pocket Books

The Indian subsidiary of Penguin Random House is said to have acquired prominent Hindi language publishers, Hind Pocket Books, for an undisclosed sum, as reported by VC Circle . As per the press release by PRH India , Vaishali Mathur, who was earlier handling the Indian language publishing and right...

Debevoise, AZB, Aarna Law, CAM on Aliaxis buy in Ashirvad Pipes

“Belgium-based Aliaxis SA has agreed to acquire the 40% stake it doesn’t already own in joint venture Ashirvad Pipes Pvt. Ltd from the partner Poddar family,” reported VCCircle . Debevoise & Plimpton partners Geoffrey P Burgess , Lord Goldsmith QC and Samantha J Rowe with associates Shashwat Pa...

Trilegal scores coup, to pick up young AZB-CAM funds talent Ganesh Rao, Aditya Jha as partners

Funds partners Ganesh Rao and Aditya Jha from AZB & Partners are understood to be heading to Trilegal, though we understand that the partnership vote to admit them into Trilegal has not yet completed.

SAM, JSA act on $124m Blackstone buy in Indiabulls

“Indiabulls Real Estate (IBREL) on Friday announced sale of its office project in Chennai to global investor Blackstone for Rs 850 crore as part of its strategy to monetise commercial asset,” reported Mint . Shardul Amarchand Mangaldas partner Mithun V Thanks , principal associate Anjali Menon , sen...

Cyril Amarchand hires 2nd IDFC Alt in-houser, HNLU ‘08 grad Vedant Shukla, as funds partner

IDFC Alternatives vice president legal Vedant Shukla, has joined Cyril Amarchand Mangaldas in Mumbai as a partner.