Law firms

Ostro Energy is in the process of acquiring a 49% stake in a 60 MW NTPC Project in the state of Rajasthan. Suzlon will be responsible for the project commissioning, expectedly by September 2017.

Fast food chain Wow! Momo today said it has raised Rs 44 crore in Series B funding from venture capital firm Lighthouse Funds and angel investor group Indian Angel Network (IAN). The latest round of funding led by Lighthouse Funds, which invests in mid-market consumer-driven firms, values the company at Rs 230 crore, the Kolkata-based firm said in a statement. Besides, it also provided “a highly profitable” exit to the tune of Rs 10 crore to some of the IAN investors who decided to sell their shares partly/completely to Lighthouse, it added.

Intellectual property (IP) powerhouse Anand & Anand has merged its Mumbai office with the media and entertainment law practice of Priyanka Khimani, Khimani & Associates, taking on a new avatar in the city carrying both brand names, as Anand and Anand & Khimani.

“Awfis Space Solutions, a start-up that provides shared workspaces, has raised $20 million from Sequoia Capital India to fund its expansion plans.” reported Mint.

Economic Laws Practice (ELP) has hired in its Delhi office’s tax practice Lakshmikumaran & Sridharan senior partner MP Devnath as an equity partner and two of his junior partners: Vivek Sharma as a partner and Abhishek Anand as an associate partner.

Universal Legal promoted GLC Mumbai 2013 alumnus Shreya Deora to senior associate with effect from 10 June 2017.

“Paint manufacturer Berger Paints India Ltd has completed the acquisition of specialty coatings maker Saboo Coatings Pvt. Ltd, it said in a stock-exchange filing on Tuesday. It acquired Saboo Coatings’ shares for Rs 81.77 crore”, reported VCCircle.

Juris Corp has issued a press release announcing the resignation of four partners - Veena Sivaramakrishnan, Sandeep Mahapatra, Debanjan Banerjee and Abhinav Surana.

“Drug firm Strides Shasun today said it has inked a pact with Vivimed Labs to set up two joint venture firms,” reported PTI.

Hammurabi & Solomon absorbed boutique law firm Brahmand Lexis in Mumbai, inducting its managing partner Digajmaan Mishra as equity partner and its partner Yashmaan Mishra as a partner in Mumbai, as first reported by VCCircle.

Cyril Amarchand Mangaldas Mumbai capital markets partner Nikhil Naredi, who had joined in 2015 from Jones Day in Singapore, where he was an associate, is set to leave the firm.

Former Link Legal India Law Services (LLILS) principal associate Nidhi Pathania, who left the firm in a mass exodus to K Law, has re-joined Link Legal as an associate partner in Mumbai.

Argus Partners has added Reserve Bank of India (RBI) principal chief general manager Pramod Panda as a partner in Mumbai, to set up its financial regulatory practice.

Trilegal will move into a bigger office in Peninsula Business Park Tower B’s 17th floor, with space for around 200 staff, by next month, as AZB & Partners lateral hire Nisha Kaur Uberoi has joined Trilegal yesterday with a team of five.

The CLIENT:: State Bank of India (SBI);; is planning to raise Rs 15,000 crore in capital through a qualified institutional placement (QIP) of 54.4 crore equity shares, reported Bloomberg Quint.

Otsuka Pharmaceutical Factory, Inc, a leading Japanese pharmaceuticals manufacturing company, has announced a proposal to acquire an additional 20% stake from its joint venture partner, Claris Lifesciences Limited for a consideration of about Rs 128.9 crores (US$20 million) in its existing Indian joint venture, Otsuka Pharmaceutical India Private Limited, as reported by Business Standard.