Corporate
JSA TMT partner Asim Abbas returns to Luthra after 2 decades
J Sagar Associates (JSA) partner Asim Abbas is due to join L&L Partners in Delhi, according to two sources.
Veritas promotes Neveille Mukerji as lit partner
Veritas Legal has promoted Neveille Mukerji as a partner in Mumbai’s dispute resolution practice.
Luthra-Saraf mediation proves fruitless, contentious litigation to resume from 6, 9 Nov, then arbitration
S urprising very few people, the mediation between the co-founding partners of L&L Partners, Rajiv Luthra and Mohit Saraf, has apparently yielded no constructive results, as the Delhi high court on Monday ordered Saraf’s Section 9 petition to proceed on Friday (6 November) and Monday (9 Novembe...
Phoenix hires Legasis shipping partner Gautam Bhatikar in Mumbai with team
Bhatikar joins Phoenix from Legasis L egasis Partners partner Gautam Bhatikar , who had joined in July 2019 , has moved to Phoenix Legal as a partner, according to a press release from the firm yesterday, setting up a maritime and shipping practice in Mumbai. He has joined the firm on 2 November wit...
S&R’s 1st-ever double-lateral partners: JSA Divyanshu Pandey, Arpita Garg join for finance, IBC push
S&R Associates has made an unprecedented double lateral partner hire, getting J Sagar Associates (JSA) partners Divyanshu Pandey and Arpita Garg to staff its banking practice in Delhi with a team of three, according to a press release from the firm, after their move was first reported by Bar & Bench.
Platinum Partners to break in two: NDA’s Ruchir Sinha to start Mumbai for Touchstone • Quillon to launch in Bangalore
Exclusive: New brand names for both halves, to continue running as going concerns
AZB Mumbai lit partner Anoj Menon re-joins Desai & Diwanji
Anoj Menon returns to DnD A ZB & Partners disputes partner Anoj Menon has joined Desai & Diwanji as a partner. Menon had moved to AZB in Mumbai in 2017 from Desai & Diwanji, where he was a partner. Last week, around 23 October, he rejoined Desai & Diwanji. We have reached out to ...
AZB acts for Mankekar fam on $19m MyGlamm beauty investment (Jun ‘19);
Bengaluru: Silicon Valley-based venture capital firm Bessemer Venture Partners, early backer of companies like Pinterest and LinkedIn, is leading a Rs 130-crore round of investment in online direct-to-consumer cosmetics brand MyGlamm, as investor interest in the beauty market picks up. The round has...
AZB acts on $5.7m JM Financial buy into Coinbatore co-living operator Isthara Parks (Jun ‘19)
A private equity fund managed by JM Financial has signed a definitive agreement to acquire a significant minority stake in Coimbatore-based co-living operator Isthara Parks as the firm founded by ace banker Nimesh Kampani aims to capitalise on an institutional drive in a largely unorganised room-sha...
JMP, CAM, Vertices do $10m fundraise for OSAM Dairy (Jun ‘19)
HR Food Processing Private Limited operating under the brand name ‘OSAM Dairy’ has raised approximately INR 75 crores from CDC Group Plc. and Lok Capital Growth Fund HR Food Processing Private Limited which is in the business of processing and marketing dairy products in Eastern India has raised app...
AZB acts for Manulife on $35m buy into Mahindra mutual funds (Jun ‘19)
Canadian insurance multinational Manulife is entering the Indian mutual fund industry through a strategic stake buy in Mahindra Asset Management Company, a source in the financial industry told Moneycontrol. — Moneycontrol AZB & Partners advised Manulife Asset Management (Singapore) Pte. Ltd on...
Algo, AP Partners act for Sequoia, InfoEdge on $8.7m round into Bulbulive Shopping
Info Edge (India) Ltd on Tuesday said it has invested about USD 6.33 million (about Rs 47.3 crore) in Bulbulive Shopping Network Pte Ltd. — Outlookindia Sequioa, Leo Capital and Info Edge invested into Bulbulive Shopping Network Pte Ltd in a round of USD 8.7 M. Algo Legal advised Sequoia Capital Ind...
Khaitan acts for RP-Sanjiv Goenka in Fortune India magazine buy
The RP – Sanjiv Goenka Group acquired the license to print and publish the Fortune India magazine through the acquisition of 100% shares of Business Media Private Limited (erstwhile holder of the license granted by Fortune Media IP Limited (an assignee of Time Inc)), according to reports . Khaitan &...
Rajaram acts for Tictok Skill Games on $0.25m angel round (Apr ‘19)
Tictok Skill Games Private Limited raised money in their Series A1 - equity fund raise round from angel investors. Rajaram Legal advised Tictok Skill Games Private Limited led by a team of senior associate Nikita Rajwade . Burgeon Law represented the angel investors. This deal has not been reported ...
Kochhar acts on India leg of Whitford’s PPG Industries buy (Mar ‘19)
Global acquisition of worldwide operations of Whitford Worldwide by PPG Industries including its Indian subsidiary, according to March 1, 2019 reports . Kochhar & Co advised PPG Industries led by a team of senior partner Chandrasekhar Tampi , partner Sarika Raichur , associate Lakshya Khanna . ...
Rajaram gets $13m Series B for deal for biz travel SAAS start-up Itilite Tech with Gunderson, Goodwin
Itilite Technologies Pvt. Ltd, a software-as-a-service company focussed on business travel, has raised $13 million (Rs 99.45 crore at current exchange rates) in a Series B funding round. — VCCircle Rajaram Legal advised Itilite Technologies Private Limited and Matrix Partners India led by a team of ...
$150m Softbank, GA cash makes Indus client Unacademy a unicorn, with Khaitan, Bharucha
SoftBank Group Corp. is leading a round of venture investment in India’s education startup Unacademy, boosting its valuation to $1.45 billion as online learning surges during the coronavirus pandemic. — Mint IndusLaw advised Sorting Hat Technologies Private Limited ( Unacademy ) led by a team of par...
JM+P, Universal, Indus do $1.2m pre-Series A in GrayQuest fintech player
“Education-focused fintech company, GrayQuest has secured $1.2 million in pre-Series A funding led by Foundation Holdings. Mahansaria Family Office, Jeejeebhoy Family Office, Ashok Wadhwa’s Family Office, Samir Bhatia, and Rohit Dhoot amongst others also participated,” reported Entrackr . GrayQuest,...
ELP, IC Universal act on $13m Prozone 50% buy into Oshiwara RE project
Prozone Group and its affiliates acquired a 50% stake in a real estate project being developed at Oshiwara, Andheri, Mumbai, by the Paradigm Group, a renowned real estate group based in Mumbai. The project is a redevelopment project governed by Slum Rehabilitation Authority (“SRA”), Mumbai. The tran...
After weeks of uncertainty, Luthra to welcome postponed 2020 batch by November (rather than 2021)
A fter having postponed the 2020 new recruits’ joining dates to 2021, L&L Partners has now promised to welcome all freshers by 12 November 2020 after the continuing and unresolved management turmoil at the firm had left hires on tenterhooks for weeks now. In a Zoom call held last evening betwee...