Corporate

Algo hires Ankit Guha after ex-JSA-SAM-VC lawyer sells his ed-tech start-up (NUJS ‘09)

Algo Legal has hired former law firm and in-house lawyer Ankit Guha, who had set up and sold an educational tech start-up to a US company within only nine months of starting it up.

Reliance’s record-busting $7bn rights issue gifts cap markets boon to AZB, Khaitan, Sidleys, Lathams

Whoever said we are looking at a mammoth recession and slower capital markets? Not the legal advisers close to Reliance Industries… After now four gigantic rounds of fundraising for its subsidiary Jio Platforms, Reliance Industries (RIL) is issuing Rs 53,125 crores of equity in what is billed as Ind...

Big 4 PwC expands regulatory South with Algo partner Archan Chakraborty, PA Vijay Santosh

Scoop: PwC has been growing its regulatory and advisory practice though the Big Four have generally not been taking on law firms head-on

Nishith Desai’s animal healthcare player SeQuent bought by AZB’s Carlyle for $209m

The US based private equity firm The Carlyle Group has agreed to acquire 74% stake in SeQuent Scientific Limited, the largest pure-play animal healthcare company in India, for $210 million (Rs.1587 crore), company said on Friday. Carlyle will buy shares at a price of Rs.86 apiece. — The Economic Tim...

Legasis acts for ITI on $0.5m Wagonfly contactless shopping early stage post-Covid fundraise

Mumbai. As covid-19 spread increases the need for social distancing, Wagonfly that provides contactless shopping and delivery experience for its customers, … said it raised about $500,000 from Investment Trust of India (ITI) group-led early stage venture capital fund, ITI Growth, and angel investor ...

S&R acts for Bertelsmann on $30m Lendingkart Series D with SAM (Aug ‘19)

Lendingkart Technologies Pvt. Ltd said … it has raised Rs 212 crore ($30 million) in its Series D round of funding. — VCCircle S&R Associates advised Bertelsmann India Investments led by a team of The S&R team was led by partners Rachael Israel and Prachi Goel . In February 2018, Shardul A...

AZB, SAM act on India leg of Sagent, Indecomm buy of ISGN (Dec ‘19)

[Pennsylvania] Sagent Lending Technologies (“Sagent”), a leading mortgage servicing technology provider, today announced a definitive agreement to acquire ISGN Corporation (“ISGN”). The acquisition will expand Sagent’s loan servicing solutions and further demonstrate an ongoing commitment to the bro...

L&L acts on India leg of Anju Software buy of OmniComm Systems (Jul ‘19)

[Florida] OmniComm Systems Inc. announced… that Anju Software Inc. has completed the acquisition of OmniComm Systems, Inc. (OTCQX: OMCM), a leading strategic software solutions provider to the life sciences industry. Under the terms of the agreement, OmniComm is now a wholly owned subsidiary of Anju...

Rajaram, Inventus, Goodwin act on $25m Series C into MoEngage

MoEngage, an intelligent customer analytics and cross-channel engagement platform, has raised $25 million in Series C funding. The funding was led by Eight Roads Ventures with participation from its US-based sister fund, F-Prime Capital, along with Matrix Partners India and Ventureast. — Hindu Busin...

Samvad for Zetwerk as Algo helps Sequoia on $32M Series B (Dec 19)

Zetwerk, a platform for customised products for industrial use, has raised $32 million (Rs 225 crore) in Series-B funding from venture capital firms Lightspeed and Greenoaks Capital to fuel its expansion plans. The funding round also saw participation from Zetwerk’s existing investors Sequoia India,...

Bharucha, Samvad act on $29m General Atlantic follow-on into NoBroker

NoBroker Technologies Solutions has raised an additional $30 million (about Rs 231 crore) from existing investor General Atlantic (GA), the online real estate search platform said in its filings with the Registrar of Companies. — The Economic Times Bharucha & Partners advised General Atlantic l...

AZB, JSA act on $264m IDFC First Bank preferential issue to ICICI

IDFC First Bank … disclosed plans to raise ₹2,000 crore via a preferential issue to ICICI Prudential Life Insurance Co., HDFC Life Insurance Co., Bajaj Allianz Life Insurance, Dayside Investment (Warburg Pincus group), and the bank’s promoter, IDFC Ltd, among others. — Mint AZB & Partners advis...

Samvad acts for Pravega on $2m Series A into payments company Mitoak

Mintoak, a Mumbai based merchant payments solutions company, set up by former top officials of Visa, has raised close to Rs 15 crore in a pre-Series A round of fund raise led by Pravega Ventures. The Mintoak platform offers a single view across all forms of payments to provide reconciled statements ...

S&R, CAM help IndoSpace Core real estate player get $132m green loan from HSBC

New Delhi: IndoSpace Core, which owns industrial and logistics parks across major cities in the country, on Wednesday said it has raised Rs 1,000 crore from HSBC to fund its existing green projects. IndoSpace Core has about 13 million square feet land across 14 industrial and logistics parks in Pune...

TTA for Sanofi as Khaitan-client Zentiva buys $36m Gujarat manufacturing unit (Sep 19)

Shares of Sanofi India declined more than 2 percent intraday on September 11 after the company approved sale of its Ankleshwar unit. The company board approved a transaction for the slump sale and transfer of its manufacturing facility at Ankleshwar, Gujarat to Zentiva and its legal entity in India,...

AZB, CAM, CC, LW act on Total 37% buy into Adani Gas for $714m (Oct ‘19)

French oil and gas major Total SA… announced buying a little over 37% stake in Adani Gas Ltd, the Gujarat-based Adani Group arm that sells natural gas as automotive and kitchen fuel, for an estimated Rs 5,700 crore. — The Times of India AZB & Partners advised Total Holdings SAS led by a team of...

UK shipping giant Watson Farley promotes ex-Trilegal-ILS Dhruv Paul to partner in Dubai

London-headquartered international shipping and corporate law firm Watson Farley & Williams (WFW) has promoted former Trilegal lawyer Dhruv Paul to its partnership, in a round of six promotions.

Namita Das (NLUJ ‘09) returns to Link Legal as partner after 6 years at AZB, SAM

Scoop: The firm continues on its recent expansion with its third lateral partner addition in only two months

NDA’s Karan Kalra starts Bombay Law Chambers mid-Covid: Targets VCs, start-ups with novel external GC take

Former Mumbai-based Nishith Desai Associates (NDA) lawyer Karan Kalra, has started up his own law firm, called Bombay Law Chambers (BLC), specialising on venture capital (VC) and corporate advice, in addition to a novel twist on the model of him becoming an external quasi-general counsel (GC) to funds and corporates.

‘Wake-up call to firm owners’: HSF India head Chris Parsons talks to Balbir Singh about alcoholism, depression, mental health in the legal profession [VIDEO]

These days there are probably few if any lawyers who, locked up at home for weeks and often 24 hours a day, has not pondered about their mental health.