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17 deal round-up: News Corp-StarTV CCI: Dhall | Swarovski-Tara Jewels: Trilegal-Luthra | Exim Bank: JSA-A&O & more…

Top deals, all in one
Top deals, all in one
The latest deals in one place: Khaitan for Kingfisher, Heidelberg, Hutchison Whampoa | AMSS for Mitsui, Schneider, Alstom, Siemens, RTL, IDFC | Siemens: AMSS-Jones Day & more.

Litigation, arbitration and competition
The CCI cleared television channel Star India’s parent company, the Rupert-Murdoch owned News Corp’s acquisition of sports channel ESPN’s interest in ESS. ESS owns Star Sports and Star Cricket. News Corp would now own ESS’ India subsidiaries.
News Corp subsidiary Star TV-ATC: Dhall Law Chambers proprietor Vinod Dhall with senior associate P Ram Kumar

The Competition Appellate Tribunal set aside a fine of Rs 72.5 lakh imposed by the CCI against Kingfisher Airlines
Kingfisher Airlines: Khaitan & Co Delhi partner Ajay Bhargava, and Bachubhai Munim & Co partner Jal Munim

Multinational cement-maker Heidelberg Cement was cleared of charges of cartelisation by the CCI
Heiodelberg: Khaitan & Co Delhi partner Manas Kumar Chaudhuri

Leading Japanese conglomerate Mitsui & Co got CCI approval for increasing its shareholding in API maker Arch Pharmalabs by 26.71 per cent
Mitsui & Co and Arch Pharmalabs: Amarchand Mangaldas Delhi partner Shweta Shroff Chopra with principal associate Harman Singh Sandhu and associate Yaman Verma

Capital markets
Leading global financial services firm JP Morgan, and Indian investment banks SBI Capital markets and Enam Securities made a qualiffied institutional placement of ($80m) Rs 427.5 crore of equity shares of leading scheduled commercial bank South Indian Bank
JP Morgan, SBI and Enam: Jones Day Singapore partner Manoj Bhargava and associates Joy Choynowska, Karun Cariappa and Thomas Rooks, and Luthra & Luthra Mumbai partner Manan Lahoty

Cut-crystals maker Swarovski made a pre-IPO placement of Rs 40.5 crore in leading global jewellery maker Tara Jewels. Enam Securities and ICICI Securities were the book running lead managers (BRLM)
Swarovski: Trilegal Mumbai partner Sridhar Gorthi, counsel Nidhi Khadria and senior associate Kunal Khambat
Tara Jewels and BRLM: Luthra & Luthra Mumbai partner Manan Lahoty with senior associate Ravi Dubey and associate Manshoor Nazki

Power transmission business Alstom Holdings announced an open offer for Rs 1,166 crore worth of shares representing 26 percent equity in its subsidiary Alstom T & D India
Alstom Holdings: Amarchand Mangaldas Delhi partner Akila Agrawal with principal associate Shruti Kinra, senior associate Digvijay Singh and associate Anjali Puri.

Global energy management specialist Schneider Electric Singapore announced an open offer for Rs 516 crore worth of shares representing 26 percent equity in its subsidiary Schneider Electric Infrastructure Limited
Schneider Electric Singapore: Amarchand Mangaldas Delhi partner Akila Agrawal with principal associate Shruti Kinra, senior associate Digvijay Singh and associate Anjali Puri, and Talwar, Thakore & Associates

Export-Import Bank of India (Exim Bank) issued Rs 13 crore ($2.5m) worth of 3.375 notes due 2017 in a medium-term note programme
Exim Bank: J Sagar Associates Mumbai partner Dina Wadia and senior associate Uttara Kolhatkar, and Allen & Overy

Corporate/M&A and joint ventures
A consortium of Engineers India (EIL), National Fertilizer (NFL), and Fertilizer Corporation of India (FCIL) will revive the closed Ramagundam Fertiliser unit in Andhra Pradesh. The entire rehabilitation scheme is expected to involve a waiver of around Rs 9,537.5 crore
EIL,NFL and FCIL: Kochhar & Co Delhi partner Ngangom Junior Luwang with senior associate Deepak Dahiya and associate Avichal Prasad

Global electronics and electrical engineering major Siemens’ promoters Siemens AG and Siemens Diagnostics Holding II BV sold 1.16 per cent stake in the company for Rs 263 crore, through bulk deals conducted on the floor of the Bombay Stock Exchange. HSBC Securities wa the financial advisor to the sellers.
Siemens AG and Siemens Diagnostics Holding II BV: Amarchand Mangaldas Delhi partner Akila Agrawal with principal associate Pooja Ramchandani and senior associate Mukul Sharma
HSBC Securities: Jones Day Singapore

Leading European entertainment network RTL Group entered into a joint venture with multimedia entertainment conglomerate Reliance Broadcast Network to broadcast English language thematic channels in India
RTL Group: Amarchand Mangaldas Delhi partner Amit Kumar with principal associate Saurav Kumar and senior associate Ambarish, and Linklaters
Reliance Broadcast Network: Nishith Desai Associates Mumbai

PE fund IDFC Private Equity Fund III bought a minority stake in milk-products maker Parag Milk Foods from the shareholder Motilal Oswal PE
IDFC Private Equity Fund III: Amarchand Mangaldas Delhi partner Raghubir Menon with senior associates Ekta Gupta and Rishi Anand and associates Neha Udeshi and Anisha Gupta
Parag Milk Foods and Motilal Oswal PE: Rajani Associates partner Poorvi Sanjanwala and associate Nishtha Parikh

Leading Japanese business conglomerate Mitsui & Co increased its shareholding in API maker Arch Pharmalabs from close to 5 per cent to close to 31 per cent
Mitsui & Co; Amarchand Mangaldas Delhi partner Amit Kumar

Leading Hong Kong conglomerate Hutchison Whampoa’s Mauritian subsidiary H3G sold its capitve Indian telecom BPO Hutchison Global Services to IT outcoursing company Tech Mahindra
Hutchison Whampoa and H3G: Khaitan & Co Mumbai partners Haigreve Khaitan and Vaishali Sharma and executive directors Daksha Baxi and Dinesh Agrawal
Tech Mahindra: AZB & Partners Mumbai partner Abhijeet Joshi

Private equity and venture capital
Financial services and investment firm GTI Capital Gamma invested in food company Brattle Foods
GTI Capital Gamma: Amarchand Mangaldas Delhi partner Amit Kumar with principal associate Saurav Kumar and senior associate Ambarish
Brattle Foods: Nishith Desai Associates

Project Finance
Bank of India led a five-bank consortium in advancing Rupee term loans of Rs 325 crore, external commercial borrowing of $25m and loan equivalent risk facility of Rs 33 crore for the construction of a five-star hotel in Mumbai
Bank of India-led consortium:
P&P Legal partner Prakash Panjabi with principal associate Pratish Panjabi

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