Corporate

Tatva, TTA on $12m DLF asset offloading to Japanese Lixil

Tatva Legal advised India’s largest real estate developer DLF in selling its stake in Star Alubuild to Japan’s Lixil Corp, which was advised by Talwar Thakore & Associates (TTA). Tatva Delhi partner Simran Singh, manager Neha Chhabra and senior associate Natasha Tuli acted for DLF which, accord...

Trilegal, D&D on Tata Power's $24m wind power acquisition

Trilegal advised the Tata Group’s power utility Tata Power in buying AES Saurashtra wind farms from the US-based private power producer AES Corporation which was advised by Desai & Diwanji. Trilegal Delhi partner Charandeep Kaur with senior associates Ramakant Rai and Anuja Tiwari and associate...

AZB in Religare pre-banking sell-off, Desai & D helps US bank pick up $50m

Desai & Diwanji has acted for US NASDAQ-listed Philadelphia-headquartered bank Customers Bancorp, which invested $22m in Religare Enterprises that was assisted by AZB & Partners in Delhi. This was Desai & Diwanji’s first instruction for Customers Bancorp, which bought a 5 per cent sta...

Amarchand tops India Q1-Q3 M&A league table ahead of TTA, AZB, Khaitan

Dividing the M&A pie
Dividing the M&A pie
Amarchand Mangaldas has reported the most M&A activity among Indian law firms this year, according to data provider mergermarket’s Q1-Q3 rankings.

Khaitan & Co senior partner Murali Neelakantan joins Cipla as global GC

Neelakantan
Neelakantan
Khaitan & Co Mumbai partner Murali Neelakantan has joined Indian pharmaceutical giant Cipla as its global general counsel (GC).

NLS rules in Big Six partnership tracks ahead of DU, GLC, ILS as newer nationals slowly gain share

Partner promotions across Big Six since 2009: NLSIU rules the roost
Partner promotions across Big Six since 2009: NLSIU rules the roost
NLSIU Bangalore, Delhi University (DU), GLC Mumbai and ILS Pune have given India’s biggest law firms more than three times as many partners than most other younger law schools since 2009.

Gnarus, S&R offload HT Media's $10m stake in Indo-German media JV

Gnarus Partners advised German media company Burda Druck in buying out its joint venture partner HT Media’s 51 per cent stake in HT Burda Media for Rs 60 crore ($9.6m). HT Media was advised by S&R Associates. Gnarus managing partner Rishi Anand with associate Jitendra Soni acted for Burda Druck...

Lall & Sethi abandons Chander Lall sole proprietor model with non-founder managing partner

Delhi-based intellectual property firm Lall & Sethi (L&S) turned into a partnership after 20 years as a sole proprietorship firm since established in 1993. Three partners were internally promoted at the firm. Senior associates Raghav Malik, Jyotideep Kaur and Tia Malik were promoted to the...

Naik becomes best friends with int’l firm Lawrence Graham (LG)

03mbyqbs
03mbyqbs
Naik Naik & Co and London-international firm Lawrence Graham (formerly known as LG) have entered into a preferred referral relationship.

HSB, VNS sell IHHC stake to US' Bayada

HSB Partners advised US firm Bayada in buying a 26 per cent stake in Chennai’s India Home Health Care (IHHC), which was advised by Chennai law firm VNS Legal. HSB Partners partner TK Bhaskar, principal associate Varun Sriram and associates Aishwarya Krishnamurthy and Sahana Chandrika acted for Bayad...

Khaitan promotes two more to associate partner

Career Ladders
Career Ladders
Corporate principal associate Ashish Razdan and banking and finance principal associate Kumar Saurabh Singh have been promoted.

KhaiCo in Thomson Reuters buy of Omnesys, with Samvad, AZB, Vaish

Thomson Reuters, advised by Khaitan & Co, has bought Bangalore trading software company Omnesys, advised by Samvād Partners. AZB & Parters and Vaish Associates acted for minority investors. The buyer Thomson Reuters was advised by Khaitan & Co, with partner Rabindra Jhunjhunwala and a...

Herbies launches initiative to link Indian law students to local charities

Parsons: Cycles
Parsons: Cycles
Herbert Smith Freehills (HSF) has entered into associations with NLS, NUJS, Nalsar, NLU Jodhpur and Delhi so far.

PXV, JSA on French defence JV with Hical

PXV Law Partners and French best friend law firm DS Avocats advised French defence electronics group NSE Industries in a joint venture with Bangalore-based Hical Technologies, which was advised by J Sagar Associates (JSA). PXV Delhi partner GT Thomas Phillippe and DS Advocats Paris partner Olivier M...

Khaitan for Baring with AZB, JSA in $440m PE buyout of Hexaware

AZB & Partners, J Sagar Associates (JSA) and Khaitan & Co have advised on the Baring Private Equity Asia buy-out and open offer of IT and BPO firm Hexaware Technologies for a total of around Rs 2,745 crore ($440m). AZB Mumbai partners Abhijit Joshi and Essaji Vahanvati acted for Hexaware a...

Advani & Co merges to make Advani Nehru & Co to ‘plug Pune gap’

Advani & Co will merge with Pune-based disputes firm Nehru & Co to create Advani Nehru & Co, reported the Economic Times today. Nehru founder Ranjan Nehru told the paper that there was a “vacuum in Pune when it comes to serving local corporate clients and we intend to plug that gap”. ...

PDS Assoc’s, with start-up lateral, advises Rs 160 cr Mukand rights issue

PDS & Associates has acted for steel maker Mukand Limited in its Rs 160 crore rights issue, which was filed with the Securities Exchange Board of India (SEBI), the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) last week. Board approval was granted in June . PDS Mumbai partne...

Obhan advises Penguin on Rs 55 cr Indian JV buy-out ahead of Random House mega-merger with Freshfields, Slaughters

Random Penguins
Random Penguins
Obhan & Associates acted for publisher Penguin Random House in its purchase of Ananda Publishers’ stake in Penguin Books India.

Link Legal, UU Argus drive $35m GMR equity to IDFC

Link Legal advised GMR whose road development arm GMR Highways sold 74 per cent stake in its special purpose vehicle GMR Ulundurpet Expressways to IDFC’s India Infrastructure Fund for Rs 222 crore ($35m). IDFC was advised by Udwadia Udeshi & Argus Partners.

OP Vaish, senior advocate & Vaish Associates founder, passes away; Firm mourns friend, mentor

OP Vaish: RIP
OP Vaish: RIP
His firm mourns OP Vaish’s death, who passed away this morning after heart bypass surgery and a brief illness.