Law firms
Capital Markets
PDS & Associates has acted for steel maker Mukand Limited in its Rs 160 crore rights issue, which was filed with the Securities Exchange Board of India (SEBI), the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) last week. Board approval was granted in June.
PDS Mumbai partner Sajid Mohamed advised Mukand, assisted by principal Abhishek Misra who had joined the firm two months ago from SA Partners – a start-up he set up in 2010. PDS & Associates is the corporate advisory arm of PDS Legal, which specialises in tax advisory. Both firms work closely with Ernst & Young (E&Y).
Corporate M&A
Obhan & Associates acted for publisher Penguin Random House in its purchase of Ananda Publishers’ stake in Penguin Books India.
Private equity / VC
Link Legal advised GMR whose road development arm GMR Highways sold 74 per cent stake in its special purpose vehicle GMR Ulundurpet Expressways to IDFC's India Infrastructure Fund for Rs 222 crore ($35m). IDFC was advised by Udwadia Udeshi & Argus Partners.
Law firms
His firm mourns OP Vaish’s death, who passed away this morning after heart bypass surgery and a brief illness.
Law firms
Amarchand Mangaldas Mumbai office scoops Luthra lawyer who’s been associated with the firm for 13 years.
Private equity / VC
PXV Law Partners Mumbai partner Deepto Roy acted for long-time client Glocal Hospitals in its Rs 25 crore ($4m) investment by SIDBI Venture Capital. Kochhar & Co Gurgaon-based partner Anjuli Sivaramakrishnan acted for SIDBI.
Law firms
Clasis Law has recruited Grant Thornton indirect tax director Manoj Mishra as head of indirect tax in Delhi – the first hire in the practice area. Before 2007 he was working at Khaitan & Co, reported Bar & Bench.
Law firms
Jaipur-based law firm Chir Amrit Legal LLP has opened an office in Fort, Mumbai on 7 September headed by its Jaipur corporate practice head and partner Ritu Soni.
Law firms
Legasis Partners partner Sachin Mandlik has joined Khaitan & Co as a partner in dispute resolution in Mumbai.
Law firms
Khaitan & Co former indirect tax executive director Manish Mishra joined Link Legal - India Law Services as a partner on Monday.
Law firms
Advani & Co managing partner Hiroo Advani, and other law firms’ partners have formed a body that aims to “encourage best practices” and exclude the judiciary from arbitrating Indian disputes.
Law firms
Persistent Systems general counsel Vivek Sadhale with its associate general manager Vikas Aggarwal and independently practicing lawyers Shridhar Kulkarni and Alhad Oak started up Pune law firm Legalogic as co-founding partners on 1 July in Pune and Mumbai.