Desai & Diwanji acted for Hyderabad Chemicals and its shareholders in its Rs 450 crore sale of 74 per cent stake to Japanese listed company Nihon Nohyaku which was advised by J Sagar Associates (JSA).
D&D Mumbai partner Vihang Virkar and senior associate Ayesha Rai acted for Hyderabad Chemicals. Virkar said in an email: “The promoters of Hyderabad Chemicals are new clients of the firm and we look forward developing our association with them.”
JSA partner Vikram Ragani with Anand Lakra, Bir Bahadur Singh and Suren Sundaram acted for Nihon Nohyaku, with Japanese law firm Mori Hamada Masumoto.
The Rs 10,000-crore agrochemical industry in India is one of Asia’s largest markets and is expected to attract many more multinational companies for inbound M&A, reported the Economic Times.
Comments
I think you have a problem with reading things not mentioned. No one mentioned, 'advise against the "Clients" of the old firm'. It is mentioned, "against" the old firm. Neither it is mentioned that he CANNOT advise against old firm or clients. I think the statement made above is fairly clear i.e. Must be fun to act opposite your previous firm and colleagues!
It seems something is biting you and you have taken an innocent comment personally!!
I am sure Your ex-boss would not be impressed with such an interpretation of the comment by you.