Law firms
Law firms
Clyde & Co’s Indian best friend Clasis Law associate partners Rahul Beruar (heading IP law at the firm, having joined from Lakshmikumaran & Sridharan in 2015, after its previous IP head was poached by Cyril Amarchand Mangaldas) and Vikram Bhargava (corporate and regulatory) have been promoted to partner level, reported Bar & Bench.
Law firms
Dua Associates has grown its equity partnership by two, and made two new salaried partners in the Gurgaon, Delhi and Mumbai corporate teams.
Litigation
We understand that law firm Phoenix Legal is defending journalist Arnab Goswami’s freshly launched news channel Republic TV in the Delhi high court, against news channel TV Today’s writ that alleges that Republic is violating telecom law to gain unprecedented television ratings (TRP).
Private equity / VC
“Paytm has raised $1.4 billion from SoftBank Group Corp. in the largest funding round by a single investor in India, making the digital payments firm the Japanese company’s biggest bet in India’s start-up ecosystem. The deal includes $400 million worth of shares that SoftBank will buy largely from Paytm’s early investor SAIF Partners in a secondary transaction, and a minor stake from founder Vijay Shekhar Sharma, according to two persons close to the development,” reported Mint.
Private equity / VC
“E-commerce logistics services provider Delhivery has raised $30 million from Chinese conglomerate Fosun International. This additional investment is a part of the $100 Mn funding the company raised in March from The Carlyle Group, as indicated by ETTech. The company currently services 800 cities, 9000 pin codes with a network of 12 fulfilment centres. Delhivery claims it fulfils 10 million shipments a month,” reported Medianama.
Law firms
Former HSA Advocates partners Sakya Chaudhuri, Avijeet Lala and Anand Shrivastava’s regulatory, disputes and real estate practice Neeti Niyaman, which they started up in April after leaving HSA last month with two partners and eight lawyers, has now grown to a total headcount of 13, after picking up another two associates from firms other than HSA.
Law firms
Trilegal partner Faraz Alam Sagar, who had joined from Economic Laws Practice (ELP) as the firm’s first litigation partner in Mumbai, is set to join Cyril Amarchand Mangaldas.
Law firms
Cyril Amarchand Mangaldas principal associate Tirthankar Datta will join J Sagar Associates (JSA) some time next month as a retained partner in its banking team, we understand from sources.
Private equity / VC
“In the largest private equity deal in the logistics space, the Canadian pension fund manager Canada Pension Plan Investment Board (CPPIB) and IndoSpace, promoted by PE firm Everstone and US-based Realterm, have entered into a three-step deal which would entail an investment of $1.3 billion (Rs 8,320 crore), most of which will come from the CPPIB,” reported Business Standard
Law firms
Ramya S Tiller (formerly Ramya Seetharaman when at NLSIU Bangalore until 2002), has been promoted to US international firm _Debevoise & Plimpton_’s partnership in New York alongside three other partners in New York, and three in global offices.
Corporate M&A
“Media baron Subash Chandra-led Zee Entertainment Enterprises Ltd has decided to acquire an 80% stake in tech startup Margo Networks Pvt. Ltd for Rs 75 crore ($11.5 million),” reported VC Circle.
Litigation
Advocate Kartik Seth warned the Hindustan Times (HT) of criminal defamation charges that he would press against the newspaper for reporting that a battery of expensive senior advocates had been briefed in the case of Seth’s client, who is a government employee.
Law firms
Recently promoted Shardul Amarchand Mangaldas (SAM) Delhi disputes partner Akhil Anand will be joining Luthra & Luthra, according to authoritative sources.
Law firms
Link Legal India Law Services has re-hired Milind Jha as associate partner in Delhi after he’d spent two years at K Law, most recently as an associate partner.
Law firms
IndusLaw added former in-house counsel Karthik BM as partner in Bangalore and former K Law associate partner Deepak Chowdhury as partner in Hyderabad.
Litigation
Amity Law School Noida student Paras Jain’s November 2015 win against cosmetic company Emami was turned around by the Delhi state consumer commission, which has sent his case back to the lower rung for fresh hearing.