Law firms

Siddharth Raja, who was a co-founder of Narasappa, Doraswamy & Raja that later became Samvad Partners, will join Argus Partners in Bangalore as a senior partner and national executive director, with a remit to also oversee the firm’s Chennai practice.

“State-owned NBCC’s share sale garnered 1.54 times subscription from institutional buyers, who put in bids totalling more than Rs 2,700 crore,” reported the Economic Times.

"ECL Finance, a part of the Edelweiss group, has raised Rs 502 crore by selling masala or rupee-denominated bonds to overseas investors in its debut issuance of such securities. Sun Global Investments, London and Emirates NBD Bank, Dubai are the global coordinators and joint lead managers on the transaction,” reported the Economic Times.

“Wind turbine maker Suzlon Energy on Wednesday said it will sell a 49 per cent stake in its 50 megawatt (MW) solar project in Telangana to wind energy company Ostro Energy, months after selling a project to CLP India,” reported Mint.

Economic Laws Practice Mumbai associate partner Sumit Rai left the firm in October to go into counsel practice.

Luthra & Luthra Mumbai senior banking and finance partner Vijaya Rao is now an of counsel working part time with the firm.

Luthra & Luthra Delhi projects partner Rajesh Chavda has left the firm.

Kochhar & Co has added Gulf-based lawyer Nikhat Sardar Khan as a partner in its Dubai office.

Link Legal India Law Services promoted Delhi University 2007 graduates Abhishek Sharma and Sarojanand Jha from associate to associate partner.

HSA Advocates added former Apollo Tyres global chief legal counsel Atulya Sharma as a banking and finance partner, in Delhi.

HLE Engineers made an offer to buy a majority stake in Swiss Glascoat Equipments for $9.4m. Vivro Financial Services is the manager to the open offer, according to the Bombay Stock Exchange announcement.

Phoenix Legal has promoted Mumbai-and-Chennai-based corporate principal associate Sriram Ramachandran to its partnership, with effect from 1 November.

“Internet giants YouTube and Google are in a bind. The Madras high court has directed them to disclose details of a user (Marupakkam Seithigal) who posted a video that a private company (Lebara Foundation) termed defamatory,” reported the Times of India.

"Motilal Oswal Private Equity (MOPE) managed India Business Excellence Fund – II and India Business Excellence Fund – IIA have agreed to invest Rs 100 crore to buy a minority stake in Kolkata based Ganesh Grains. The Kolkata based unlisted firm is engaged in the business of manufacturing and selling of branded food staple,” reported the Economic Times.

Tata Sons’ former chairman Cyrus Mistry, who was unexpectedly fired from the organisation on Monday, has reportedly decided to approach the Bombay high court challenging his dismissal, although we understand that no case has been filed yet.

The settlement of arbitration between Cyril Amarchand Mangaldas (CAM) and former Chennai partner Dorothy Thomas have completed today, with the Bombay high court bench of Justice Kathawalla today recording the filing of consent terms.