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The latest deals involving Indian companies and law firms.

pills-by-blmurchLuthra & Luthra has advised Abbott Laboratories in its 20 per cent open offer of the Indian subsidiary of Solvay Pharmaceuticals as part of the €5.2bn global acquisition of the Belgium-based pharma company.

Amarchand Mangaldas Mumbai office and AZB & Partners Delhi have advised on Goldman Sachs's private equity arm $115m investment in conglomerate Max India.
Nishith Desai Associates and J Sagar Associates (JSA) have acted for Orbit Corporation and the investors respectively in a Rs 165 crore private equity (PE) investment in Orbit for a township development.   
Khaitan & Co is the domestic counsel for Mahindra Forgings Limited and Jones Day Singapore the international legal advisors to the qualified institutional placement (QIP) filed by Mahindra & Mahindra owned forging and auto component company.
Naik and Naik has won for Anil Ambani owned Reliance MediaWorks against Ocher Studios, which is promoted by the family of South India film star Rajnikanth, forbidding the studio to create third party rights in the film 'Sultan – The Warrior' under Section 9 of the Arbitration and Conciliation Act 1996.
Induslaw has acted as sole advisor to education provider Educomp Solutions, which acquired Studyplaces.com from Zaptive Internet Services.
Desai & Diwanji and Rajani Associates have advised Motilal Oswal Private Equity Advisers on its Rs 40 crore investment in automobile component maker Minda Industries.

africa-mobile-phone-by_DavidDennisPhotos.comAZB & Partners has been instructed on Bharti Airtel's $10.7bn bid for the African business of Kuwaiti telecoms group Zain, with Herbert Smith and Linklaters scoring the international advisory mandates for the Indian company's third attempt to enter the continent.

M Dhruva & Partners, which spun out of J Sagar Associates earlier this month, has acted on its first independent litigation matter opposite Crawford Bayley, directing the arrest of a ship on behalf of its Hong Kong-based client Star Matrix.
ALMT Legal in Bangalore and Malaysian law firm Zuraidah Naziha & Fadly advised Indian developer Davanam Constructions and Ascenteus Holdings of Malaysia in their $350m joint venture hotel project.
FoxMandal Little has acted as lender's counsel on the Rs 2224 crores ($515mn) ONGC Tripura Power Company project finance documentation acting for Power Finance Corporation.

The firm was instructed in September 2009, with Delhi senior partner B N Banerjee, and senior associate Rajesh Sehgal and associate Milli Chatterjee leading the team.

According to a press release from the firm, no other law firms were involved in the transaction.

Sehgal said in the release: "It was challenging, since ONGC being a Navratna company is on the Board of the OTPC. For us it was the first time we had done a deal with ONGC and the captive natural gas based power stations interconnected with the power project."

Oil and Natural Gas Corp (ONGC) received Rs 2,224 crore in debt funding from Power Finance Corp (PFC) for its proposed 700 MW power plant at Tripura.
Desai & Diwanji and Tatva Legal, with Davis Polk & Wardwell and Richards Butler advised on private equity house Quadrangle Capital and others' $300m investment in India's second largest operator of telecoms towers Tower Vision India.

Alishan NaqveeA divison bench of the Delhi High Court has widened across India its April 2009 judgment that service tax on commercial rentals is ultra vires the Finance Act, in a victory for law firm LexCounsel.

Luthra--Luthra-Vijaya-Rao-newLuthra & Luthra has closed the Rs 2400 crores ($521m) GVK Power (Goindwalsahib) project finance fundraising acting for IDBI Bank and a consortium of 12 others as lender's counsel.

Luthra & Luthra's projects team was led by Mumbai partner Vijaya Rao (pictured), assisted by managing associate Bikash Jhawar, and associates Pulkit Sharma and Sneha Jha.

Khaitan & Co and Naik Naik & Co have advised multiplex owner INOX Leisure in acquiring  a 43.28 per cent stake of the promoter group of rival multiplex chain Fame India for Rs 66.34 crore.

Call CentreKhaitan & Co has picked up the Indian mandate to advise private equity group Intermediate Capital Group (ICG) on the $440m purchase of legal process outsourcing company CPA Global, alongside a raft of international firms.

Amarchand Mangaldas Mumbai is acting for Oberoi Realty while AZB & Partners Mumbai and Shearman & Sterling Singapore are acting for the underwriters in the Rs 1,500 crore ($325m) initial public offering (IPO) of the Mumbai real estate company, according to the draft prospectus filed with the Securities and Exchange Board of India (SEBI) on 18 January 2010.

The book-running lead managers are Kotak Mahindra, Enam Securities, JP Morgan India and Morgan Stanley India.

Amarchand, Luthra & Luthra and Khaitan & Co were leading in Legally India's Q3 2009-10 IPO rankings.

AirplaneMumbai firm Gagrats and Link Legal have advised on the joint venture (JV) between Jet Airways and GMR Hyderabad International Airport and Malaysian Aerospace Engineering.

cables_joshuadavisphotography_comArgus Partners and Nishith Desai Associates have advised on the Rs 200 crore ($43m) sale of Ravin Cables to an Italian cable manufacturer, while ALMT Legal has scored its first mandate for a Reliance fund, which was one of Ravin's shareholders.

power-line-by_abooth202Delhi start-up Axon Partners has landed a role next to Crawford Bayley and Linklaters on Jaiprakash Power Venture's surprise $200m (Rs 920 crore) convertible bond issue.

computer-tower-innards_by_A-BelaniMumbai boutique firm Sand Hill Counsel and the Bangalore offices of Induslaw Advocates and Nishith Desai & Associates (NDA) have assisted IT customer support services provider iYogi in raising $15m of venture capital (VC) funding to expand its team of global tech experts.

mining_thumbCrawford Bayley has picked up the latest Government disinvestment mandate for India's single largest iron ore producer and exporter National Mineral Development Corporation (NMDC), following Amarchand Mangaldas, Fox Mandal Little and Luthra & Luthra bagging the three other disinvestments of the past four months.

bank-piggy_by_Alan-cleaverPhoenix Legal has acted on a Rs 308m ($6.5m) microfinance securitisation of 42,000 micro-loans for IFMR Capital.

factory-abandoned_by-Maximo_lopezKhaitan & Co and Wadhwa Group's in-house counsel have closed Mumbai's largest land deal of the year, in the 18.18-acre land purchase in the eastern suburbs of Mumbai from Hindustan Composites (HCL) for Rs 571 crore ($125m).

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Amarchand Mangaldas has significantly expanded its lead in the qualified institutional placement (QIP) stakes, acting on eight out of 18 QIPs filed in the third quarter of 2009. AZB & Partners and Khaitan & Co bagged three mandates each, with J Sagar Associates (JSA) and Crawford Bayley picking up two each.

mobile_phone_tower-by-Kiwanja_thWadia Ghandy Mumbai and Amarchand Mangaldas Delhi have helped GTL Infrastructure in acquiring Aircel's telecom tower business in an all-cash deal valued at Rs 8,400 crore ($1.84bn).

M&A League tablesDesai & Diwanji acted on 24 M&A deals in the 2009 calendar year, placing it at the top of data provider mergermarket's M&A league table by volume. Amarchand Mangaldas topped the table by value, having advised on M&A deals worth $6.4bn in 2009, while Khaitan & Co and AZB & Partners also gave a strong showing.

Bombay-stock-exchange-tickerIn December 2009 Luthra & Luthra slipped past Khaitan & Co into second place in the initial public offering (IPO) league tables after acting on three IPOs with Khaitan bagging two instructions. Crawford Bayley took three deals and drew level with AZB & Partners as the fourth busiest Indian IPO firm, while Amarchand Mangaldas built up its lead with five mandates.

internet-IT-globeBangalore private equity (PE) boutique Lexygen and the Mumbai and Gurgaon offices of Vaish Associates have acted in the Rs 22.5 crore ($4.5m) investment by Zephyr Peacock India Fund in a telecom service company called Metro Wireless Engineering India (Metro Telworks). 

tar_by-karindalzielKolkata Amarchand spin-off Argus Partners and AZB & Partners have scooped roles on the $124m private equity placement and open offer by Bain Capital in coal tar manufacturer Himadri Chemicals & Industries.

pills-by-blmurchCrawford Bayley and Khaitan & Co have advised on the $400m (Rs 1,900 crore) takeover of listed Chennai pharmaceutical company Orchid Chemical & Pharmaceutical by US pharma major Hospira.

Bombay-stock-exchange-tickerIn November Amarchand Mangaldas' Bangalore office bagged a role in four out of six initial public offerings (IPOs), and together with one instruction from Delhi has extended its lead in the top spot of the IPO league tables over Khaitan & Co, Luthra & Luthra and AZB & Partners.

heineken-beer_by_felix-trillerJ Sagar Associates (JSA) and Trilegal have represented Asia Pacific Breweries (APB) and Heineken International respectively on brokering the agreement to allow United Breweries (UB) to make Heineken brand beer in India.

internet-IT-globeKhaitan & Co Bangalore and local boutique Menon Associates have advised on the MindTree acquisition of US handset maker Kyocera Wireless' Indian arm for Rs 29 crores ($6m) and further consideration linked to future revenues.

tatasteel_plant_thAmarchand Mangaldas and AZB & Partners capital markets teams have sewn up Tata Steel's $493m (Rs 2,550 crore) convertible bond swap, marking the third joint instruction for the firms on similar deals in the past half-year.

satellite-dishes_by-Velo_SteveThe Delhi offices of Amarchand Mangaldas and Luthra & Luthra have advised Dish TV in issuing GDRs (Global Depository Receipts) worth Rs. 465 crores ($100m) to Apollo Management for an 11 per cent stake in the company.

television-old_by-A3RLuthra & Luthra's and Kochhar & Co's Delhi offices have advised on the 69 per cent acquisition of NDTV Lifestyle by US company Scripps Networks Interactive for Rs 254.5 crores ($55m).

cement-truck2-by-craigCloutierAmarchand Mangaldas Mumbai has advised Aditya Birla Group in the series of mergers between Grasim Industries, Samruddhi Cements and UltraTech Cements, creating India's largest and the world's tenth largest cement manufacturer.

cinema_seats-by_Looking-GlassJ Sagar Associates (JSA) and Luthra & Luthra co-ordinated the Rs 62.2 crore ($13.5m) cash and equity acquisition of DLF-owned DT Cinemas chain by entertainment chain PVR.

train-freight_by-JFeisterBharucha & Partners and Khaitan & Co have led on The Blackstone Group's Rs 300 crore ($64m) investment in logistics company Gateway Rail Freight.

gasoilpower_night_thumbA Supreme Court judge on the Ambani brothers' gas supply dispute has stepped down, fearing a conflict of interest because of his daughter recently joining AZB & Partners in Bangalore as a partner.

sequoia-trees_by-JoiDesai & Diwanji, DSK Legal and Wadia Ghandy have triple-teamed on the $100m private equity investment into Hyderabad power company Ind-Barath Power Infra.

Bombay-stock-exchange-tickerLuthra & Luthra, AZB & Partners and S&R Associates have pushed up the IPO league tables this October, as J Sagar Associates (JSA) and capital markets specialist firm JurisPrudent Consulting Partners make their entry into the rankings.

SN-Gupta-Amit_AggarwalSN Gupta & Co and one-year-old start-up India Legal have advised on Duet India Hotels' Rs 120 crore ($26m) fund investment in a Hyderabad hotel project with L&T Phoenix Infoparks.

iphone-videoThakker & Thakker and venture capital (VC) boutique law firms Sand Hill Counsel and Menon Associates have advised on the series A investment into a Hyderabad mobile TV start-up, giving several angel investors a partial exit.

LexCounsel-Seema_Jhingan_cropDelhi firm LexCounsel has advised the LeapStart Trust in setting up a Rs 50 crore ($11m) close-ended venture capital fund, that aims to capitalise on the resurgent market opportunities in India in various sectors.

Luthra--Luthra-Vijaya-Rao-newLuthra & Luthra has closed two project finance deals out of Delhi and Mumbai this week, acting on the Rs 1,497 crores ($325m) Gujarat road development project and the Rs 4,000 crore ($850m) syndicated term loan for Cairn India to develop oil fields.

Dalal-streetLegally India research has revealed Amarchand Mangaldas as the top IPO dealmaker of this financial year so far, while Khaitan & Co and Luthra & Luthra are in close contest for the runner-up spot. International and domestic firms are competing in a tightly bunched mid-field of the ranking.

pieMnAFor the first time this year, Desai & Diwanji and Khaitan & Co are leading the third quarter Indian M&A rankings both by value and volume of deals, pushing Amarchand Mangaldas two places down mergermarket's value league table compared to three months ago.

Bombay-stock-exchange-tickerAmarchand Mangaldas has acted on 70 per cent of qualified institutional placements (QIPs) in the first half of this financial year, with international firms, AZB & Partners, J Sagar Associates (JSA), Luthra & Luthra, S & R Associates and Crawford Bayley mopping up the rest.

stock_exchange_chart_thAmarchand Mangaldas, AZB & Partners and Luthra & Luthra have benefited the most from the dash to hit the markets by month-end, as 16 companies filed draft initial public offering (IPO) prospectuses in the last two weeks.

AZB Mumbai partner Shuva Mandal led the team for DSP Merrill Lynch and Citigroup, which were mandated by the company for the share sale.

hot_steel_thAZB & Partners, Khaitan & Co and Jones Day's Hong Kong office have advised Jai Balaji Industries on its proposed Rs 450 crore ($94m) qualified institutional placement (QIP), which is yet to be announced.

Telecoms infrastructure towersAmarchand Mangaldas, Khaitan & Co. and Linklaters Singapore are working to help Reliance Infratel on its initial public offering (IPO), which looks to raise around US$ 1 billion (Rs. 5000 crore) from the market.

visit_srilankaKhaitan & Co has advised on the purchase of Sri Lankan joint-venture (JV) assets, working with two of Sri Lanka's oldest law firms.

steam_rollers_road_building_thAmarchand Mangaldas, J Sagar Associates (JSA) and Australian firm Mallesons Stephen Jacques have advised on the Macqaurie-SBI Infrastructure Fund, which is slated to be the biggest fund investing in the Indian infrastructure sector to date.

wind-farm_RyanMcDFreshfields Bruckhaus Deringer has worked with J Sagar Associates (JSA) as counsel to energy major BP selling around Rs 460 crore ($95m) of Indian windfarms to private equity-backed Green Infra, which was advised by Luthra & Luthra.

shipyard_the-tahoe-guy_thJ Sagar Associates (JSA) and S&R Associates have advised Pipavav Shipyard on its proposed initial public offering (IPO) of up to Rs 5.5bn ($110m).

jet_airways_th-byBeRealKolkata's Khaitan & Partners has filed a criminal complaint against a striking Jet Airways officer for allegedly threatening a Jet pilot for breaking the picket lines last week.

bloomberg_terminal_thKochhar & Co's Singapore and Delhi offices and AZB & Partners advised news wire Bloomberg and media company UTV on their joint venture to launch a new co-branded Indian business TV channel.

mobile_phone_tower-by-Kiwanja_thDesai & Diwanji has scored the first instruction for the merged Tata Quippo towers business, after having originally advised Quippo Telecom on its joint venture (JV) with Tata Teleservices, which was advised by AZB & Partners.

Whiskey_thVaish & Associates is advising the promoter group and the merchant bankers in the Rs 75 crore initial public offering (IPO) of Delhi-based alcohol beverage company Globus Spirits.

hot_steel_thLuthra & Luthra is advising ArcelorMittal on its Rs 500 crore ($103m) stake acquisition in Mumbai-based Steel company Uttam Galva Steels.

wind-farm_RyanMcDCovington & Burling and Trilegal have co-operated on the IPO of Indian Energy on London's Alternative Investment Market (AIM), which is only the fourth successful listing this year on the London Stock Exchange-owned smaller market.

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