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The latest deals involving Indian companies and law firms.

piePE AZB & Partners was the busiest private equity legal advisor of 2010 ahead of ALMT Legal and Indus Law tied in second place followed by DSK Legal and Tatva Legal. Amarchand Mangaldas and Trilegal came in fourth and fifth places respectively, according to a volume-based league table by data provider Venture Intelligence.

Exclusive: PXV Law Partners and Indus Law Advocates have advised on Rs 15 crore venture capital investment in a start up Glocal Hospital by private equity firms Sequoia Capital and Elevar Equity to develop health care facilities in rural West Bengal.

image Trilegal and Link Legal have advised power producer Caparo Energy’s $ 1.28bn contract for supply of wind power projects equipment with India’s largest turbine manufacturers Suzlon India.

Hemant Sahai Associates (HSA) acted as sole legal advisor on a micro finance investment by the Michael & Susan Dell Foundation in Delhi-based organisation Invest India Micro Pension Services Private Limited (IIMPS) raising roughly $1m for retirement pension plans and other savings.

J Sagar Associates (JSA) acted for private equity firm BTS Investment Advisors on its Rs 36 crore ($7.9m) investment in car rental company Carzonrent which was advised by Amarchand Mangaldas.

Exclusive: Majmudar & Co and Desai & Diwanji have advised on the 50 per cent stake sale of Rolta India’s shares in joint venture company Shaw Rolta Limited to partner Stone & Webster for an aggregate $35.5m in consideration.

transportation engineering Exclusive: Luthra & Luthra has maintained its lead in the project finance domain as the top Indian and second-ranked law firm globally by deal volumes. Amarchand Mangaldas, S J Law Advocates, India Law Services and AZB & Partners followed up in the domestic rankings, where 163 projects worth $81.4bn were completed in India in 2010, according to data provider Dealogic.

Majmudar & Co, Dua Associates and J Sagar Associates (JSA) have advised on the $12m venture capital investment by Reliance Venture Asset Management and GE Oil and Gas in renewable energy firm AllGreen Energy for its first biomass project in Tamil Nadu.

Khaitan & Co has advised UAE-headquartered Mashreqbank PSC on its contract with business process outsourcing (BPO) provider WNS Global’s India-based operations for outbound calling in banking services for clients in English and Arabic for an undisclosed amount.

J Sagar Associates (JSA) and Wadia Ghandy have advised on the $5m funding of online auto auction portal MotorExchange Solutions (MXC) by venture capitalist firms Epiphany Overseas and Canaan Partners.

SAMSUNG DIGITAL CAMERAExclusive: AZB & Partners has topped Legally India’s 2010-2011 quarterly initial public offering (IPO) league table taking it to second place in the financial year IPO rankings to date behind Amarchand Mangaldas and overtaking Luthra & Luthra, which did not file any IPOs in the last quarter.

Exclusive: AZB & Partners and J Sagar Associates (JSA) have advised India’s sixth largest IT firm Patni Computer Systems that was bought by Apax Partners-backed iGate for $1.22bn, which drafted in Khaitan & Co and Kirkland & Ellis as legal advisers.

Lexygen and Linklaters advised a Carlyle Group-led consortium of the losing bidders, where Amarchand Mangaldas is understood to have provided the advice to the bid’s merchant banks.

Mumbai-based firm Wakhariya & Wakhariya and Bachubhai Munim & Co have advised in Novartis Pharma's 49 per cent $22.3m acquisition of Aventis Pharma’s equity in anti-rabies vaccine manufacturer Chiron Behring Vaccines.

Exclusive: Khaitan & Co has closed the corporate debt restructuring (CDR) of roughly Rs 2,500 crore ($550m) of outstanding debts of former Satyam-owned Maytas Infrastructure following the company’s agreement with the lender banks in June this year.

Desai & Diwanji has advised IDFC Mutual Fund on its estimated Rs 300 crore ($66m) sale of a 25 per cent stake in IDFC Asset Management Company to French asset manager Natixis, which was advised by Amarchand Mangaldas Mumbai.

Majmudar & Co and K&L Gates have advised on e-commerce enterprise Rearden Commerce’s world-wide acquisition of Ketera Technologies, which was advised by DLA Piper and Thakker & Thakker that will cease operating at the end of this year.

Exclusive: M Dhruva & Partners and senior counsel Janak Dwarkadas won an interim order from the Securities Appellate Tribunal (SAT) in favour of Ackruti City, allowing Ackruti’s promoters to pledge their own shares after the Securities and Exchange Board of India (SEBI) on 2 December banned the promoters from dealing in their shares following allegations of price manipulation.

Senior advocate Fali Nariman led industrial house Wadia Group’s victory in a high-profile property dispute matter in the Bombay High Court against real estate developers G L Raheja which was represented by Bharucha & Partners and senior counsel Abhishek Manu Singhvi, reported the Economic Times.

Amarchand Mangaldas has advised J P Morgan India’s real estate investment fund on its partial Rs 115.23 crore ($25.4m) exit in B Raheja Builders to builder group K Raheja, which hired Wadia Ghandy as legal counsel.

Exclusive: The Bombay High Court declined interim relief in an action filed by M Dhruva & Partners on behalf of its client Crimson Hospitality Services against developers Lavasa Corporation, which allegedly violated a court injunction of an earlier public interest litigation (PIL).

Start-up firm Axon Partners LLP has closed nearly a year restructuring roughly $2bn of debt of steel producer Jindal Stainless (JSL), with Amarchand Mangaldas and Clifford Chance jointly advising a variety of lending banks.

AZB & Partners and Amarchand Mangaldas have advised on a majority of M&A mandates out of 26India-related transactions in November, according to data aggregated by mergermarket.

J Sagar Associates’ (JSA) Bangalore office has advised Volvo Bus Corporation in the buy-out of a 30 per cent stake of its Indian joint venture from partner Jaico Automobile Engineering, which hired AKS Law Associates.

cricket_ball Crawford Bayley and Amarchand Mangaldas have been duking it out in the Bombay High Court on behalf of expelled Indian Premier League (IPL) team Rajasthan Royals and the Board for Control of Cricket in India (BCCI) respectively, with a ruling on an arbitrator’s interim relief expected this week.

Amarchand Mangaldas has advised JSW Energy on its $422m (Rs 1,900 crore) acquisition of Canadian power company CIC Energy with a raft of international law firms.

german-flag_by-Julius DLA Piper’s new German hires and Khaitan & Co have advised photovoltaic company Gehrlicher Solar AG on its reported $5m+ joint venture with Indian green-tech company Greenforce Enviro, which was advised by Mumbai firm I&S Associates.

AZB & Partners and US firms Foley Lardner and Baker & Daniels have advised on the Rs 450 crore ($100m) acquisition of US hair product company Namasté Laboratories by Dabur India’s US unit company Dermoviva Skin Essentials Inc.

image Karanjawala & Company partner Manik Karanjawala is representing Tata Group chairman Ratan Tata who has approached the Supreme Court today about the Nira Radia tapes that he alleges violated his privacy, reported the Indian Express.

hot_steel DSK Legal and UK firm Stephenson Harwood have closed a Rs 1,000 crore ($219m) joint venture (JV) between JSW Steel and UK steel major Severfield this month.

The Mumbai offices of Amarchand Mangaldas and AZB & Partners have advised on the acquisition by India’s third-largest private sector bank Axis Bank of financial services businesses of Enam Securities Private Limited (Enam) for Rs 2,067 crore ($450m).

Listed Indian software services company Zensar Technologies has bought Dutch-American software company Akibia for $66m, advised by Khaitan & Co and US firms Greenberg Traurig and Stahl Cowen Crowley Addis.

image Exclusive: Naik Paranjpe & Co said it won back the 9pm prime-time slot for Viacom18 Media television show Bigg-Boss 4, following the Information and Broadcasting Ministry’s categorisation of the show as an adult show after complaints of vulgarity, having pushed the show’s airing to the later 11pm slot.

Khaitan & Co and UK firm Berwin Leighton Paisner (BLP) have advised on the Global Depository Receipt (GDR) issue of Indian coal-bed methane producer Great Eastern Energy Corporation Limited (GEECL) on the London Stock Exchange (LSE) after its listing on London's Alternative Investments Market (AIM) earlier in 2005.

Khaitan and Partners has acted for long-standing clients Jet Airways in a criminal action instituted against an individual who allegedly siphoned off Rs 2.07 crores from the airline’s account by seeking double refunds on the cancellation of 163 airline tickets.

image Phoenix Legal and Tatva Legal have advised on the global catering and onboard services provider Gategroup’s 74 per cent stake take-over of India’s leading airline catering company Skygourmet, which is valued at $92m.

Action Replayy Media law specialist Naik Paranjpe & Co has secured exhibition and distribution rights for multi-starrer film Action Replayy by winning a favourable interim order from the Competition Commission of India (CCI) against six distributors for allegedly indulging in anti-competitive cartelisation practices.

AZB & Partners and Amarchand Mangaldas Delhi have advised on the world’s largest express shipping company FedEx’s acquisition of Indian logistics services provider AFL Private Limited and its subsidiary Unifreight.

Desai & Diwanji and UK international firm Berwin Leighton Paisner (BLP) have jointly acted on Indian publicly listed Elecon Engineering’s acquisition of the UK’s Benzler-Radicon group of businesses for £18.4m and other global business arms.

stock_exchange_chart Exclusive: Boutique startup Finsec Law Advisors has been drafted into the long-running MCX Stock Exchange dispute with the Securities and Exchange Board of India (SEBI) that will again hit the Bombay High Court, alongside Naik Paranjpe & Co and J Sagar Associates (JSA).

AZB & Partners and Economic Laws Practice (ELP) have advised in the private equity investment led by Nokia Growth Partners (NGP) and Cisco in the IT hosting service provider Netmagic Solutions resulting in a 12 per cent equity buy worth Rs 46.5 crore ($10.6m).

Khaitan & Co, Wadia Ghandy, Simmons & Simmons and Simpson Thacher & Bartlett have advised on Barclays Bank’s reinvestment in the outsourcing unit Intelenet involving an all-cash acquisition of a 12.75 per cent stake in its holding company SKR BPO Services Private Limited.

Crawford Bayley and Dorsey & Whitney have won the mandate to advise public sector undertaking SAIL on its follow-on public offer (FPO) to raise Rs 8,000 crore.

Majmudar & Co and UK firm TLT have acted as legal counsel to the lender Punjab National Bank (International) Limited [PNBIL] in two cross-border loans to finance the acquisition and operation of US-based and Indonesian mining groups.

piePE AZB & Partners, Indus Law, ALMT Legal and Trilegal have topped data provider Venture Intelligence’s private equity league tables for the first nine months of this year.

AZB & Partners has acted for private equity (PE) firm Matrix Partners India in its Rs 50 crore investment in New Delhi based eye-care hospital chain Centre for Sight (CFS) which was advised by SRGR Law Offices.

stock_exchange_chart Exclusive: Amarchand Mangaldas has reclaimed the top rank in Legally India’s 2010-11 first-half-year initial public offering (IPO) league table ahead of Luthra & Luthra, with AZB & Partners winning third place after doubling its IPO mandates compared to the same period last year as Khaitan & Co dropped four ranks.

Five law firms including Amarchand & Mangaldas, Luthra & Luthra, S & R Associates, Crawford Bayley & Co and Fox Mandal have been selected to pitch for the SAIL (Steel Authority of India) first phase 10 per cent share disinvestment, expecting to enrich the Exchequer by Rs 8,000 crores, reported the Economic Times.

knock-out-movie Naik Paranjpe & Co has yesterday secured the scheduled release of Sanjay Dutt-starring Hindi film Knock Out for its Indian producer clients by getting a stay on the movie vacated after initial allegations of copyright violation by Twentieth Century Fox were heard in the Bombay High Court on Monday.

steam_rollers_road_building_th Luthra & Luthra has built on its lead in the Dealogic Indian project finance league table of the first three quarters of 2010, as Amarchand Mangaldas completed four project financings in the last quarter and caught up into second place ahead of newcomers such as Axon Partners LLP and R&A Legal Advocates. Globally the top two firms are also in the top 10 of project finance legal advisers by value.

pieMnA AZB & Partners has topped the mergermarket league table for the first three quarters of 2010 in a record year of M&A activity so far. The firm is followed in the rankings by Desai & Diwanji, Amarchand Mangaldas, Khaitan & Co and newcomer Tatva Legal according to the total number of mandates.

FoxMandal Delhi acted as the lender’s sole legal counsel for state power sector unit Rural Electrification Corporation (REC) and others in the development of a 1,320MW thermal power project in Andhra Pradesh.

Amarchand Mangaldas Bangalore and Indus Law Advocates advised on private equity funds Sandstone Capital and Sequoia Capital’s Rs 200 crore minority stake investment in India’s largest domestic handset maker Micromax.

Khaitan & Co and Kanga & Co have assisted on the sale of more than 74,000 square metres of industrial real estate in Andheri East, Mumbai from Borosil Glass Works to Neepa Real Estate Private Limited for Rs 830 crore ($178m).

Khaitan & Co and White & Case LLP have advised Indian-listed transmission tower manufacturer KEC International in its $ 95m acquisition of US-based SAE Towers Holdings LLC which was advised by Hogan Lovells LLP.

Project finance law firms R&A Legal and India Law Services have advised on the Rs 970 crore ($210m) term loan and bank guarantee between Navayuga Engineering Company Limited and Bank of Baroda led bank consortium for the financing and development of India’s largest private sector port at Krishnapatnam in Andhra Pradesh.

shipping_containers_by-runner310_th Majmudar & Co and Herbert Smith have assisted port infrastructure company Essar Shipping Ports & Logistics Limited in launching their foreign currency convertible bonds (FCCBs) issuance of $280m last month.

power-line-by_abooth202 Private equity giant Blackstone has widened its circle of standing Indian advisers to include Desai & Diwanji on its latest investments in the power sector, having used Khaitan & Co on its previous two major deals. Luthra & Luthra advised its long-standing clients Moser Baer Projects in the $300m stake buy, and Clarus Law led for Monnet Power Company on Blackstone's $70m investment.

oberoi-trident-hotel_by_Humayunn_NA_PeerzaadaAZB & Partners and Khaitan & Co have assisted in Mukesh Ambani's Reliance Industries Rs 1020 crore ($217m) buy today of a 14.12 per cent stake in the Oberoi hotel and resort chain owners.

Khaitan & Co and Majmudar & Co have advised French IT services group Atos Origin in its 100 per cent acquisition of Indian e-payments processing unit Venture Infotek Global for around $99m in order to set-up an integrated Hi-Tech Transactional Services (HTTS) company Atos Wordline in India.

LexCounsel has advised longstanding clients Educomp Solutions on its 67 per cent acquisition of engineering coaching institute Vidya Mandir for Rs 34 crore and venture capital (VC) fund Leapstart Trust on its second portfolio investment into hospitality service provider Bliss Inns.

Khaitan & Co along with London-based marine insurance and admiralty specialist Walton & Morse LLP have settled $ 2.9 m dispute between Sesa Goa and a German Shipping conglomerate following an international maritime arbitration.

Private equity (PE) boutique firm Lexygen advised TA Associates in acquiring a nearly 16 per cent stake in Luthra & Luthra's clients Dr Lal PathLabs for Rs 163 crore by picking up half of Sequoia Capital’s stake in the diagnostics and pathology services company.

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