Law firms
Law firms
Exclusive: ALMT Legal has elevated Mumbai litigation senior associate Subhash Jadhav to partner as four associates were promoted to senior associate level.
Capital Markets
S&R Associates and Jones Day advised the book running lead managers (LMs) Kotak Mahindra Capital and UBS Securities India on the first ever Institutional Placement Programme (IPP) in India. Indian realty major Godrej Properties’ (GPL) issued a private placement of Rs 4.9 bn ($95m) of equity shares worth Rs 575 each. GPL was advised by Amarchand & Mangaldas & Suresh A Shroff & Co.
Corporate M&A
Amarchand Mangaldas scored a first-time mandate for Japanese conglomerate NEC Corporation in assisting Davis Polk & Wardwell in its $449m (Rs 2280 crore) acquisition of US telecoms company Convergys Corporation’s information management (IM) business.
Deals in brief
Legally India’s round-up of the latest 15 cases and deals and their legal advisers, including Luthra’s defence of Yahoo! India in two high-profile cases, and a massive boom in debt capital markets – but only one equity cap markets deal for AZB.
Private equity / VC
AZB & Partners has for the first time advised L Capital, the private equity arm of luxury goods giant Louis Vuitton Moët Hennesy (LVMH), which bought 8 per cent in Indian clothes and lifestyle product retailer Fabindia from Wolfensohn Capital Partners, which was represented by Luthra & Luthra. Menon Associates is understood to be representing Premji Invest on its 7 per cent investment.
Corporate M&A
Desai & Diwanji advised the Ashok Piramal Group in its Rs 1250 crore to Rs 1500 crore ($250m to $300m) three-way joint venture (JV) with Canadian engineering group SNC-Lavalin, which was advised by Economic Laws Practice (ELP), and IDFC project equity’s investment fund India Infrastructure fund (IIF), which was advised by Khaitan & Co.
Law firms
Exclusive: AZB & Partners Delhi has promoted corporate senior associate and 2000 NLSIU Bangalore graduate Debashish Sankhari to its partnership yesterday.
Litigation
The Bombay High Court has today ruled in favour of MCX Stock Exchange (MCX-SX), represented by J Sagar Associates (JSA) and Naik Naik & Co, against the Securities and Exchange Board of India’s (SEBI) decision to prevent MCX from trading in derivatives and other products.
Corporate M&A
K Law and Linklaters have advised Reliance Industries on its Rs 22bn ($450m) joint venture with Russian petro company Sibur, which was advised by Khaitan & Co and Herbert Smith, as Legally India had earlier reported.
Law firms
MV Kini & Co has started a tax practice with the hire of start-up lawyer Shrikant Kamath as partner in Mumbai, while former in-house lawyer Ram Verma has joined the Hyderabad office.
Law firms
Former Amarchand & Mangaldas associate and NLSIU Bangalore alum Anand Damodaran joins Ropes & Gray as partner today in London, leaving White & Case where he was a senior associate until last month.
Deals in brief
Six deals in brief covering capital markets, M&A, competition law and more.
Law firms
J Sagar Associates (JSA) has hired Mayer Brown International London-based senior associate Pallavi Bedi as a retained partner for its Gurgaon project finance practice.