Amarchand goes down under for $1.3bn GVK coal mine buy with Minters, Cliffords; Ex-AZBer’s Vishnu gets busy with Credit Suisse; Vaish hits the capital markets; JSA, KhaiCo, Amarchand disinvest in NYSE-Co; Amarchand restructures Alstom; and Naik gets a John Doe order.

Debt capital markets

Vaish Associates principal associate Rupa Radhakrishnan and senior associate Hitesh Sablok acted for RHC Holding in issuing and listing of non-convertible debentures aggregating to Rs 180 crore at a coupon rate of 11.5 per cent per annum on private placement basis to Credit Suisse Securities, which drafted in the start-up firm of former AZB partner Vishnu Jerome and others, Alliance Legal, where the team was led Jerome with senior associate Shameek Ray and Vardaan Ahluwalia.

Equity capital markets

Vaish Associates Gurgaon-based team consisting of partner Hitender Mehta, senior associate Akshay Saxena and associates P Sandhya, Pratyush Khurana, Pavit Singh advised on SRS’ initial public offering (IPO) having a size of approximately Rs 203 cr. SRS is a diversified company operating in four business verticles - cinema exhibition, food and beverages, retail and manufacturing and jewellery retail.

Private Equity

J Sagar Associates (JSA) partner Venkatesh R Prasad, senior associate Dibyanshu and associate Tresa CJ advised NYSE-listed National Oilwell Varco Inc (NOV) on its 76 per cent stake disinvestment in NOV Sara to Multiples Private Equity Fund. Amarchand Mangaldas’s Mumbai office with partner Ganesh Prasad led for Multiples Private Equity Fund while Khaitan & Co partner Abhilekh Verma and associate partner Nishant K Singh acted for NOV Sara [VCCircle]

JSA partner Sidharrth Shankar, senior associates Probir Roy Chowdhury and Ranganath C. and associate Kartik Jain advised Nexus Venture Partners in its investment in Druva Software, together with K&S Partners providing intellectual property assistance in the deal that involved “complex issues regarding existing investors and ensuring that their rights were not adversely affected by the new round of investment”, according to a JSA release. Druva was advised by Kapil Sapra & Associates associate partner Maninder Singh. [VCCircle]

Corporate M&A

Amarchand Mangaldas Mumbai partner L Viswanathan advised GVK Group with Minter Ellison advising the company on Australian law with partners Sam MacGibbon, Paul Wentworth and Allison Warburton in its acquisition of a $1.26bn majority stake in Australian coal mines owned by Hancock Group, which drafted in Clifford Chance Perth-based partner Ian Cochrane and Jon Carson.[The Lawyer]

Restructuring

Amarchand Mangaldas Delhi-based partners Akila Agrawal and Anirudh Das along with principal associate Shruti Kinra and senior associate Ishita Kapur advised on the amalgamation of long-standing client Alstom Holdings (India) into Alstom Projects under Section 391 – 394 of the Companies Act 1956. The firm has been appointed on the board of directors of Alstom Projects as legal counsel to advise on the internal restructuring of the company.

Litigation

Naik Naik & Co has won an ad-interim ex-parte injunction for clients Viacom 18 Motion Pictures in the Delhi High Court against a number of cable operators and unknown persons from copyright infringement in the movie Speedy Singhs. The firm obtained a ‘John Doe Order’, which is an injunction seeking action against someone whose identity is not known at the time it is issued.

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