Law firms
Corporate M&A
"German drugs and crop chemicals company Bayer AG has won over US seeds firm Monsanto Co. with an improved takeover offer of around $66 billion, ending months of wrangling after increasing its bid for a third time. The $128 a share deal, up from Bayer’s previous offer of $127.50 a share, is the biggest of the year so far and the largest cash bid on record. The deal will create a company commanding more than a quarter of the combined world market for seeds and pesticides in the fast-consolidating farm supplies industry,” reported Mint.
Law firms
K&S Partners Gurgaon partner Samuel Niranjan joined Khaitan & Co in Bangalore as a counsel in its intellectual property practice.
Corporate M&A
"Anil Ambani-controlled Reliance Communications Ltd (R-Com) has signed a definitive agreement to merge its wireless business with smaller rival Aircel Ltd to create India’s third largest telecom operator by users,” reported Mint.
Corporate M&A
India-based language service provider Mayflower Language Services has entered into a joint venture with Polish language services provider Summa Linguae, which will see both companies take 25% minority stakes in each other. to “generate cost and revenue synergies” and “expand their existing range of services in new language pairs” to “cater to clients with more complex needs and higher expectations”, according to a company press release.
Law firms
Former Amarchand Mangaldas private client practice (PCP) director Mugdha Sahal, who had started her own practice Metasis Legal two years ago, has joined Sanctum Wealth Management as head of wealth planning in Mumbai, according to a press release.
Law firms
Three Cyril Amarchand Mangaldas (CAM) Delhi partners will be leaving the firm, according to multiple authoritative sources.
Finance
"Piramal Fund Management Pvt. Ltd will invest Rs 2,320 crore in Lodha Developers Pvt. Ltd’s signature World Towers project in central Mumbai, it what is probably the single largest debt financing deal in Indian real estate. A part of this money will be used to repay debt and the remaining will be used to complete construction of the project."
Corporate M&A
"In what could be termed as the biggest news in the gaming industry this year, Delta Corp Ltd., India’s largest gaming and hospitality company announced its foray into the online gaming space in a regulatory filing to the stock exchanges. In its note to the stock exchanges and shareholders, Delta Corp informed its intention to acquire 26% shares in Gauss Networks Pvt. Ltd., the holding company which owns and operates Adda52.com and is saide to be the market leader in the online poker space in India,” reported gaming industry law blog GLaws.
Law firms
K Law has hired Cyril Amarchand Mangaldas Delhi senior associate Sharad Joshi as an associate partner in Mumbai.
Corporate M&A
"Zee Entertainment Enterprises Ltd (ZEEL) on Wednesday announced the sale of its sports network TEN Sports to Sony Pictures Network (SPN) in an all cash deal for $385 million,” reported Mint.
Law firms
DMD Advocates, the firm formerly known as Dutt Menon Dunmorrsett, has just promoted 2005 Delhi University graudate Anish Kapur to its partnership.
Law firms
PKA Advocates litigation partner Amit Jajoo, associate partner Sushmita Gandhi and three lawyers are joining HSA Advocates in Mumbai.
Law firms
Cyril Amarchand Mangaldas (CAM) Mumbai corporate partner Gurpreet Vasir Ashar has resigned.
Law firms
Cyril Amarchand Mangaldas (CAM) Mumbai financial regulatory partner Ipsita Dutta has left the firm, according to authoritative sources, and is understood to be joining Morgan Stanley as an executive director in the legal department.