Corporate

Ex-MNK partner Probal Bhaduri joins PDS in Delhi, not Cyril

In April earlier this year, Cyril Amarchand Mangaldas (CAM) acquired three out of four MNK Law Offices partners in Delhi but three authoritative sources have confirmed that the fourth partner, Probal Bhaduri, has now joined PDS Legal offices in Delhi.

Rajesh Begur's ARA Law promotes two, grows to 4 partners

Mumbai private equity boutique ARA Law has promoted two principal associates, Rowena De Sousa and Avik Karmakar, to salaried partner level.

Vaishali Sharma, Shardul Amarchand Chuadasama bag Brookfield's massive buy of 9 Gammon projects

Gammon India has sold nine Indian project companies of Gammon Infrastructure Projects to a subsidiary of US asset management giant Brookfield Asset Management for around Rs 563 crore.

2 of these 7 will be next JSA managing partners: Three new faces elected into ex-com

J Sagar Associates (JSA) has finished its executive committee election, inducting three new members into the now-seven-strong committee, according to the firm’s press release.

SAM, LegaLogic transmit $25m Involute equity to Belgian gearmaker IGW

Shardul Amarchand Mangaldas advised the BMT group on its Rs 170 crore buy of 60 per cent stake in Involute Technologies which was advised by LegaLogic Consulting. SAM partners Mithun V Thanks and Ashoo Gupta, principal associate Anuj Bhasme, principal associate designate Ankit Guha and senior associ...

TMT grows to 4 with Kolkata and Bangalore offices

TMT Law Practice has opened offices in Kolkata and Bangalore, taking its total office count to four including Delhi and Chennai. The Kolkata office, in the Government Place Building, is headed by TMT Delhi partners Abhishek Malhotra and Kaushik Moitra and has three associates. It will focus on TMT, ...

Ex-Luthra lit partner Ashish Prasad has joined ELP Delhi partnership

Former Luthra & Luthra Delhi litigation partner Ashish Prasad is now a partner in Economic Laws Practice’ Delhi disputes practice, according to a press release from the firm. Prasad, who was poached by ELP from Luthra , is the sixth partner in ELP’s Delhi office, after counting associate partne...

TMT, NDA, Gunderson fashion Roposo's $15m fundraising from Tiger Global and others

TMT Law Practice advised Relevant E-Solutions in raising $15m from Tiger Global, India Quotient and Flipkart co-founder Binny Bansal. Tiger Global was advised by Nishith Desai Associates and Gunderson Dettmer. TMT partner Kaushik Moitra with associate Aditya K Singh advised Relevant which runs fashi...

Indus, CAM, Tatva act on $25m IFMR infusion

IndusLaw advised IFMR Holdings on its $25m (Rs 162.5 crore) fundraising from Accion Africa-Asia Investment Company which was advised by Tatva Legal, Leapfrog Financial Inclusion India (II) which was advised by Cyril Amarchand Mangaldas and impact investment fund Lok Capital which was advised in hous...

NDA, CAM, SAM, Sullivan on $150m infusion II by Goldmans in Piramal Realty

Nishith Desai Associates (NDA) and Sullivan & Cromwell advised Wall Street investment bank Goldman Sachs on its $150m (Rs 900 crore) infusion in Piramal Realty which had less than a month ago received Rs 1800 crore from Warburg Pincus. Piramal was advised by Cyril Amarchand Mangaldas (CAM). NDA...

Liberalisation proposal drudging on, India blames BCI in WTO

The proposal for phased liberalisation of Indian legal services has not crossed the Bar Council of India (BCI) hurdle, India told the World Trade Organisation (WTO), reported The Hindu Businessline . WTO’s periodic trade policy review of its member countries threw up questions posed by other members...

AZB-TTA-Dhall, CAM, NDA act on competitive $765m Birla buy of Lafarge units under regulator gun

Birla Corporation bought the Eastern cement plants of Lafarge for Rs 5000 crore from Lafarge India following the Competition Commission of India (CCI) order for the French company to divest itself of the units after its Rs $44bn merger with Holcim.

Advaita wins coal block bidding stay for Adhunik group

Advaita Legal obtained a stay from the Delhi high court on financial bidding for the Chitarpur coal block in Bihar, on the writ of the Adhunik Group’s Kolkata Glass and Ceramics. Advaita managing partner and national head Sujit Ghosh, managing associate Shailendra Singh and associates Krishna Rao, A...

Find the elephant in Cyril Amarchand logo; New strategy board bags Infosys Murthy, HDFC Parekh, Uday Kotak, NUS’ V Umakanth

New logo: Find the elephantCyril Amarchand Mangaldas has unveiled its new logo and high-powered strategic advisory board today.
New logo: Find the elephantCyril Amarchand Mangaldas has unveiled its new logo and high-powered strategic advisory board today.
Cyril Amarchand Mangaldas has unveiled its new logo and high-powered strategic advisory board today.

Cyril AM, Phoenix, JSA, PDS ex-D&D team help Pramerica buy Rs 400 cr of Deutsche’s managed assets [UPDATE-1]

Pramerica Mutual Fund has agreed to buy out Deutsche Mutual Fund’s India asset management business for around Rs 400 crore, reported Business Standard and others today, which would catapult Pramerica for 31st to 14th place in terms of Indian asset managers’ portfolio size, reported Mint in June. Pra...

Ex- MNK Abhijit Mittal starts practicing as ADAZ with partner Dhruv Rohatgi

Mittal: Following his dream
Mittal: Following his dream
Former MNK associate Abhijit Mittal and his law school friend advocate Dhruv Rohatgi, have started ADAZ Law Chambers.

Kochhar now one up after CAM raid with Jivesh Chandrayan joining as partner

Former JDS Law Chambers founding partner Jivesh Chandrayan merged his firm into Kochhar & Co and joined Kochhar as a partner in its Delhi corporate practice. The Delhi university LLB and Cardiff University LLM graduate Chandrayan commented in Kochhar’s press release: “I am excited to be part of...

JSA, AZB on $153m Viacom buy in Network 18-owned Prism TV [UPDATE-1]

J Sagar Associates (JSA) advised US-based media firm Viacom on its Rs 940 crore ($153m) buyout of Reliance subsidiary Shinano Retail’s stake in Network 18’s Prism TV. Shinano was advised by AZB & Partners. JSA partner Akshay Nagpal, senior associate Kaustubh George and associates Upasana Gupta ...

CA best friend, 3 law firms deliver $100m Pepperfry e-commerce investment

Bertelsmann India Investments did a follow-on investment with Goldman Sachs, Zodius Capital and Norwest Venture Partners in the operator of Indian furniture online shop Pepperfry.com, which saw a $100m financing round, reported Mint and others. Pepperfry was advised by BMR Legal Bangalore partner Si...

Former Khaitan Sud associate drags firm to Saket district court over salary arrears; KSP denies

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Khaitan Sud & Partners (KSP) is facing a recovery suit in the Saket district court, Delhi, filed by its former senior associate Pankaj Kumar for the arrears of his retainership fee.