Corporate

NLUJ ‘09 alum Gautamaditya’s G-Droit becomes partnership with NLUJ ‘11 Aravind Mokkapati

Bangalore-based disputes and conflict avoidance boutique G-Droit Advocates, founded by NLU Jodhpur alumnus Gautamaditya, has added former partner of Lawcept Partners, Aravind Mokkapati, as its first non-founder equity partner to expand the firm’s practice into corporate.

Citi India GC Pramod Rao to return to old home but as ICICI Group GC

Pramod Rao, the general counsel (GC) of Citibank India since 2013, will be re-joining the ICICI fold as ICICI Group GC, returning to the banking giant at which he had started his career.

Tatva expands from Hyderabad, first law firm to expand to AP Capital Region’s Vijayawada

Unlike many other large firms that have struggled to find good business in Hyderabad - Trilegal closed its office in January and Cyril Amarchand Mangaldas only has a skeleton presence remaining there, Tatva has doubled down on the state following the Andhra Pradesh-Telangana bifurcation.

IndusLaw on Cleartrip’s first cross-border acquisition in Flyin for $60m

“Online travel agency Cleartrip has acquired Saudi Arabian travel start-up Flyin with the deal size pegged at $60-70m by sources close to the development,” reported Mint.

Dua partner Himanshu Narayan to return to (Cyril) Amarchand Delhi with team

Dua Associates corporate and private equity partner Himanshu Narayan is to join Cyril Amarchand Mangaldas with his team-member partner Amarta Roy, Bar & Bench has first reported.

Indus adds Wadia Ghandy partner Swapnil Khatri as partner in Mumbai • Promotes 3 to partner in Bangalore

Wadia Ghandy homegrown partner Swapnil Khatri has joined IndusLaw as partner in Mumbai in its disputes practice.

HCL Infosys Delhi GC Rajeev Choubey joins Lafarge ACC Cement as GC in Mumbai

HCL Infosystems general counsel Rajeev Choubey has joined cement giant LafargeHolcim’s Indian unit ACC Cement as general counsel yesterday.

IC Universal Chennai advise NBFC Annapurna Finance on $23m fund-raise from Oman India Joint Investment Fund

Bhubaneshwar-based microfinance lender, Annapurna Finance has raised Rs 155 crores ($23m) from Oman India Joint Investment Fund II, a mid-market private equity firm backed by Oman’s State General Reserve Fund and State Bank of India, as reported by VC Circle and Mint . The current fund-raise marked ...

Themis Mumbai, Inventus on Sequoia’s $11.5m Series B funding to e-commerce startup Meesho

Social e-commerce platform, Meesho has raised around Rs 77 crores ($11.5m) in a Series B funding round led by Sequoia Capital along with existing investors SAIF Partners, Y Combinator and Venture Highway, as reported by The Economic Times and Mint . With the recent fund infusion, Bangalore-based re-...

AZB advise Madison Dearborn on the Indian leg of household goods mover SIRVA’s acquisition

Chicago-based private equity firm Madison Deaborn Partners have entered into an agreement to acquire global relocation and moving services provider SIRVA for an estimated value of over $10m, as reported by PR Newswire . AZB & Partners acted as the Indian legal counsel to Madison Dearborn Partne...

TTA, Links advise Whirlpool on $23.6m buy of Elica PB, with DSK, NDA, Sabelli Benazzo

Consumer durables major, Whirlpool India has announced the acquisition of 49% stake in Elica PB India, subsidiary of Elica SpA Italy for an estimated Rs 162 crores ($23.6m) in an all cash deal, as reported by The Economic Times and Mint . The deal is expected to close in the second half of 2018 and ...

Ostro Energy GC Rachika Sahay joins preferred law firm HSA as partner

Former Trilegal of counsel Rachika Sahay, who has been power company Ostro Energy’s general counsel (GC) in May 2015, has joined HSA Advocates as a partner.

SAM continues with Swiggy in $210m mandate to help it become yet another Indian unicorn

“Swiggy raised $210 million from a group of investors, catapulting India’s largest food delivery service provider into a select club of startup unicorns with a valuation of $1 billion or more. The latest funding, led by Naspers and billionaire Yuri Milner’s DST Global, values Swiggy at roughly $1.3 ...

OYO hotel chain hires new GC Rakesh Prusti from Max Healthcare, looking at int’l expansion

OYO, the technology-driven hotel chain, has hired Rakesh Prusti, the Max Healthcare director legal, regulatory affairs and compliance, as its general counsel (GC).

Luthra & Luthra continues boosting corporate: Link Legal’s Alok Sonker to join [UPDATE: as partner designate, for ‘exponential growth’]

Luthra & Luthra will hire its third lateral corporate partner this year, with Link Legal India Law Services associate partner Alok Sonker due to join in Mumbai next month.

2015 drunk-drive-killing-alleged lawyer Janhavi Gadkar re-appeals against revocation of licence • SPP finally appointed January

C orporate lawyer Janhavi Gadkar , who stands accused of killing two when driving on the wrong side of a freeway when drunk in Mumbai in 2015, has appealed to the Bombay high court against the regional transport office (RTO) revokation of her driving licence for life, reported the Times of India . J...

JSA acts for Ahmedabad’s Symphony air coolers to buy Australia’s Climate Technologies for $29m+

“Symphony Ltd, one of the country’s leading air-cooler manufacturers, on Friday announced that it aims to acquire Australia’s Climate Technologies Pty Limited. The Ahmedabad-based company has signed an agreement to buy 95% equity stake in Climate Technologies, Australia’s leading manufacturer of cooling and heating appliances, it said,” reported Mint.

Shardul Amarchand promotes 8 to partner, of whom 6 in corporate • Mumbai now 37 partners, 189 fee-earners

Shardul Amarchand Mangaldas has promoted 8 of its lawyers to partner, growing it to a total of 109 partners, according to its press release.

Link Legal helps Chinese VCs invest $14m Series C in Cashify, with Khaitan, NDA, Imperia

“CDH Investments and Morningside Ventures are leading an investment of $14 million in Delhi-based online used phone seller Cashify along with existing investor Shunwei, said a third source familiar with the transactions CDH Investments confirmed the investment in Cashify adding that it is likely to ...

Trilegal for Softbank in latest $238m investment into Samvad’s PolicyBazaar, with JSA, Khaitan

“PolicyBazaar, along with PaisaBazaar, has secured $238 million (Rs 1,600 crore) in equity financing led by SoftBank, the world’s largest technology investor, in the process joining a rapid succession of Indian enterprises being catapulted into the once-elusive Unicorn club”, reported the Economic T...