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This article, like many others, was first published exclusively for long-term supporters, some time before everyone else got to read it.

Azure Power gets new general counsel: Luthra corp partner, NLU-J alum Dipti Lavya Swain joins

Dipti Lavya Swain moves from Luthra to GC-role
Dipti Lavya Swain moves from Luthra to GC-role

Luthra & Luthra partner Dipti Lavya Swain has joined Azure Power as general counsel (GC).

Delhi-headquartered independent solar power producer and developer Azure Power has in the past been advised by Cyril Amarchand Mangaldas, according to our deals database, although the company has worked with other firms too.

When the 2008-founded company went public on the New York Stock Exchange in October 2016, for instance, Shardul Amarchand Mangaldas advised on Indian law aspects (along with Skadden Arps on US law, Appleby on Mauritius Law, and Latham & Watkins acting for the underwriters).

Update 5 February 2018: Luthra & Luthra had advised the underwriters on that IPO, as kindly pointed in the comments.

Swain, a 2006 NLU Jodhpur alum, joined Luthra Delhi in 2014 from Wadia Ghandy, where he was a principal associate and head of corporate in its Delhi office.

He was promoted to Luthra’s partnership in 2015.

He also holds an LLM in banking, corporate finance and securities law from Kurukshetra University, which he completed between 2014 and 2016.

Swain confirmed his joining but declined to comment further.

We have reached out to Luthra for comment.

While Swain’s leaving will be another in a long tradition of corporate partners leaving the firm (which has caused Luthra take a dive in the M&A league tables), it has last month buffed up its corporate strength with the hire of Trilegal counsel Vishwanath Pratap Singh as partner.

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