JSA, HSA, Khaitan, Dua and Amarchand eat, pray, love Sushi, drugs, classifieds and the markets…

Corporate/M&A and joint venture

Japanese multinational electronics major Toshiba’s group company Toshiba Machine Company (TMC) bought leading Indian private engineering and construction company L&T’s subsidiary L&T Plastics Machinery TMC: Khaitan & Co Mumbai partner Zakir Merchant and Japanese law firm Mori Hamada and Matsumoto L&T: K Law co-founding partner Naina Krishnamurthy

Global pharma major United Drug bought the UK and US businesses of leading global clinical trials materials supplier Bilcare Global Clinical Supplies for Rs 340 crore ($61m) United Drug: Khaitan & Co Mumbai partner Rabindra Jhunjhunwala with Eversheds Birmingham partner Stephen Kitts Bilcare: Norton Rose

Singapore-based food and beverage company Sakae Holding Group entered into a joint venture with Chennai-based global end-to-end logistics company TCI Global Logistics for launching a chain of specialised Sushi Retaurants “Sakae Sushi” across India Sakae Holding Group: HSA Advocates partner Aparajit Bhattacharya with partner designate Harvinder Singh and senior associate Sumedha Dutta TCI Global Logistics: Dua Associates

Online classifieds Info Edge (India) which runs job portal naukri and real estate website 99acres invested Rs 35 crore ($6.3m) in Canvera Digital Technologies which is an IT services provider to photographers. Info Edge (India): J Sagar Associates (JSA) Gurgaon partner Rohitashwa Prasad with senior associate Abhishek Shinde

Capital Markets

Indian Overseas Bank’s Hong Kong branch updated its medium term note programme of Rs 5,571 crore ($1bn) to Rs 27,856 crore ($5bn) 4.625 per cent notes due 2018 Indian Overseas Bank: Amarchand Mangaldas Mumbai partner Niloufer Lam Deal managers: Allen & Overy

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