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Who's doing what? 25 deals rounded up: Desai & Diwanji new cap markets | Acuity: KOSE-Elder | Temperamental Chef: KSP | Rail ministry: HSA | Mizuho, SBI: Fox Mandal & more…

Package from Jan '13
Package from Jan '13

We know what Desai & Diwanji, HSA Advocates, I&S Associates, AZB & Partners, Fox Mandal and KS Partners and others did this month.

Corporate/M&A and joint ventures

Japan-based cosmetics company KOSE corporation entered into a joint venture agreement with Mumbai-based Elder Pharmaceuticals
KOSE Corporation: Acuity Law partner Souvik Ganguly with associate Deep Jain
Elder Pharmaceuticals: Elder company secretary & compliance Officer SP Date

Punjab government’s Public Works Department is four Laning for Rs 522 crorethe Sangrur-Punjab/Haryana border section of National Highway No 71 through Public Private Partnership on Design, Build, Finance, Operate and Transfer (DBFOT) Toll basis
Legal consultant for the project: Kochhar & Co partner N Gangom Junior Lawang and associates Avichal Prasad and Tarana Khan

Vegetarian frozen foods maker The Temperamental Chef entered into a manufacturing tie-up with Grab A Thought Hospitality
The Temperamental Chef: KS Partners partner Tanuj Sud and associate Henna Vadhera
Grab A: In-house

The Ministry of Railways and the Mumbai Rail Vikas Corporation proposed a Rs 21,000 crore Elevated Rail Corridor project in Mumbai, to construct a 60km long corridor for the Churchgate-Virar route
Legal consultant for the project: HSA Advocates

The British ITE group’s Cyprus-based subsidiary Airgate bought 28.3 per cent stake in event management company Asian Business Exhibition and Conferences (ABEC) for Rs 122 crore (£14m)
Airgate: Khaitan & Co Delhi corporate partner Bharat Anand and direct tax executive director Daksha Baxi
ABEC: AZB & Partners Mumbai partner Shameek Chaudhuri

Singaporean e-waste company Enviro-Hub Holdings' (EHH) sold its subsidiary to Indian IT company Cerebra Integrated Technologies for Rs 110 crore ($20m)
Cerebra: Dacheng Law Offices India group co-heads Yang Yen Thaw alongside fellow co-head and managing principal Aloysius Wee, and senior associate Richa Chaturvedi

Business process outsourcing firm Genpact bought India-based healthcare payer industry service provider Felix Software Solutions
Felix: AZB & Partners Delhi partner Vinati Kastia with senior associates Bharat Bahadur and Daksh Trivedi

British travel major Thomas Cook’s erstwhile Indian subsidiary bought 74 per cent stake in upcoming Indian staffing company Ikya Human Capital Solutions for Rs 256 crore ($47.6m).
Thomas Cook (India), Fairbridge: AZB & Partners Mumbai partner Ashwin Ramanathan with senior associates Nandish Vyas and Bhavi Sanghvi
Ikya: Amarchand Mangaldas Bangalore partner Reeba Chacko with principal associate Akshay Bhat

Capital markets

The Ministry of Chemical & Fertilisers divested 69 million shares in mini ratna company Rashtriya Chemicals and Fertilisers to ensure the minimum public shareholding requirement. ICICI Securities and IDBI Capital Market Services were the brokers to the issue
Brokers: Desai & Diwanji partner Srishti Ojha and associates Ankesh Jain, Ishita Kashyap and Shubhojeet Kundu

Asahi India Glass issued Rs 2.5 billion ($46.3m) of equity shares on a rights basis to existing shareholders
Asahi India Glass: AZB & Partners partner Meera Singh Joyce and associate Himanshu Rai

Delhi-based Jaypee group’s Jaiprakash Power Ventures (JPVL) did a Rs 950 crore ($175m) qualified institutional placement (QIP) of 12 per cent shares. Credit Suisse Securities (India) was the sole book runner on the issue.
Credit Suisse: Luthra & Luthra Delhi-based capital markets partner Madhurima Mukherjee assisted by associates Komal Mehta, Raghvendra Singh and Rohan Sahai.
JVPL: Axon Partners Delhi co-founding partner Abhimanyu Bhandari

Telecom company MobME Wireless Solutions filed a draft red herring prospectus on EMERGE – the small and medium enterprise platform of the National Stock Exchange (NSE)
MobME: Desai & Diwanji partner Srishti Ojha, and associates Ajai Achuthan, Ankesh Jain and Shubhojeet Kundu


Mizuho Corporate Bank and State Bank of India extended $250m to State thermal power producer NTPC
Mizuho and SBI: Fox Mandal Delhi partner Rajesh Saigal and Allen & Overy
NTPC: In-house

HUDCO and Bank of Maharashtra extended a Rs 450 crore term loan to the Maharashtra Airport Development Company for infrastructure development and rehabilitation at MIHAN SEZ in Nagpur

HUDCO and Bank of Maharashtra: VERUS partners Jay Parikh and Dipankar Bandyopadhyay with associate Souvik Roy

Private equity

UAE-based private equity firm Gulf Capital invested in oil rigs logistics company OCB Oilfield Services for more than a 51 per cent stake
OCB Oilfield Services: I&S Associates partner Anuradha Iyer and DLA Piper

Capvent bought a significant stake in Chennai-based water treatment company Morf India

Capvent: Tatva Legal Bangalore partner NK Dilip, with Raghunath Ananthapur, Ankush VH, Santosh Ukkur and Venkataraman

Please send your latest deal updates to . A one-liner email will do, exclusive news always preferred.

Previously reported on Legally India:

Bharti Airtel issued bonds for the first time ever in a heavily oversubscribed offer for $1bn
Bharti Airtel: Allen & Overy Hong Kong-based registered foreign lawyers James Grandolfo, Amit Singh and Adam Heyd
Underwriters: Axon Partners partner Harjeet Lall assisted by partner Abhimanyu Bhandari and Milbank Tweed Hadley & McCloy Beijing-based partner Anthony Root and Hong Kong associate Andrew Yang. Standard Chartered head of legal for debt capital markets Sapan Gupta acted for the underwriters in-house.

Oil and gas conglomerate Reliance Industries issued Rs 4,300 crore ($800m) of 5.875 per cent senior perpetual notes
Reliance Industries: AZB Mumbai partners Shuva Mandal and Varoon Chandra with associate Manan Mehta
Book runners: J Sagar Associates (JSA) Mumbai partner Dina Wadia with senior associate Uttara Kolhatkar, and Shearman & Sterling Asia practice head Kyungwon Lee

Strides Arcolab sold its injectables subsidiary Agila Specialties to Nasdaq-listed generic drugs-maker Mylan Inc for $1.6bn+
Strides Arclolab: Herbert Smith Freehills India group partner Alan Montgomery in London and DSK Legal managing partner Anand Desai, with Strides Arcolab vice president legal Nasser Kabir, CEO Manish Gupta and promoter Arun Kumar
Mylan Inc: Skadden Arps New York corporate partner Marie Gibson, Platinum Partners Mumbai partner Nihar Mody and partner Gautam Bhat, alongside Slaughter and May London-based partner Gary Eaborn

San Francisco’s Burill & Company invested Rs 54 crore ($10m) in Bangalore-based Strand Life Sciences, including buying out its lead investors WestBridge Capital and Ascent Capital.
Burill: Majmudar & Partners Bangalore partner N Raja Sujith
Strand: Trilegal Bangalore partner Kosturi Ghosh
Westbridge Capital: AZB & Partners Bangalore partner Srinath Dasari

State-owned power financer Rural Electrification Corporation (REC) extended Rs 8,775 crore ($1.6bn) to the NTPC and Bihar State Electricity Board (BSEB) joint venture Nabhinagar Super Thermal Power Project.
REC: Fox Mandal Delhi banking and finance partner Rajesh Sehgal with senior associate Rahul Tyagi and associate Bhupendra Verma
NTPC, BSEB: in-house

India-focused infrastructure fund Macquarie SBI bought 74 per cent equity in the GMR group’s road project GMR Jadcherla Expressways (GJEL) for Rs 206 crore ($40m)
Macquarie SBI: AZB & Partners Mumbai co-founding partner Bahram Vakil, with senior associate Qais Jamal
GMR Group: Link Legal Delhi corporate partner Anand Srivastava and senior associate Milind Jha

Micro-financier Grameen Financial Services (GFSPL) received Rs 37.5 crore ($6.8m) funding from US-based Creation Investments
GFSPL: Tatva Legal Bangalore senior associate Bhargava KS, manager Raghunath Ananthapur and partner Manav Nagaraj
Creation: JSA Delhi partner Lalit Kumar with associates Zain Pandit, John MA and Bharati Joshi

Kaizen Private Equity with German publishing giant Bertelsmann invested $4m (Rs 22 crore) in AuthorGen Technologies. AuthorGen’s majority shareholder Educomp will become a minority shareholder after the sale
Kaizen: IndusLaw Hyderabad partner Satya Sree Akella and associates Basava Rao and Kaustuv Banerjee
AuthorGen: Dua Mumbai partner Vinod Joseph, senior associate Sugandha Kamal and associate Dhrupad Vaghani
Educomp: Amarchand Mangaldas Delhi partner Kalpataru Tripathy and senior associate Promode Murugavelu

India-focused private equity (PE) fund Zephyr Peacock India and Singapore-based PE fund Credence Partners jointly invested Rs 90 crore ($17m) in Singapore-based logistics company 20Cube
Zephyr, Credence: Lexygen partner Prashant Kataria with associates Amit Vyas, Vishnu Chandran and Aayushi Sharma assisted by Singapore law firm LawAsia senior associate Vincent Bu and Australian law firm Holding Redlich partner Darren Pereira
20Cube: Alliance LLC director Stanley Gan

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