Law firms
Corporate M&A
Khaitan & Co, AZB & Partners and international firm Morrison Foerster have advised on India’s largest heat-withstanding materials manufacturer Tata Refractories’ sale of a 51 per cent stake to Japanese conglomerate Krosaki Harima for $128m.
Capital Markets
ALMT Legal, Khaitan & Co and Crawford Bayley have grabbed the maximum number of rights issue mandates in the financial year (FY) 2010-2011.
Law firms
Exclusive: J Sagar Associates (JSA) has made up six new retained partners and 13 new senior associates across its offices, matching last year’s promotion record.
Corporate M&A
Exclusive: Economic Laws Practice (ELP) and Australian firm Blake Dawson have advised Adani Enterprises-owned Mundra Port and Special Economic Zone Limited (MPSEZ) on its acquisition of Australia’s Abbot Point coal terminal for $2bn.
Finance
Exclusive: Amarchand Mangaldas and AZB & Partners advised on Tata Power’s $450m (Rs 2,000 crore) hybrid bond, which is the first such issue denominated in US Dollars by an Indian corporate.
Law firms
Exclusive: Khaitan & Co has hired a Delhi start-up founder and ex-J Sagar Associate (JSA) partner Abhilekh Verma into its partnership in Bangalore.
Law firms
Exclusive interview: ALMT will re-build its Delhi and London offices after its split from foreign best friend firm Clyde & Co and five partners, vowed ALMT Mumbai partner Aliff Fazelbhoy.
Law firms
Milbank Tweed Hadley & McCloy has hired India group lawyer Sanjeet Malik as an of counsel in its Hong Kong office from Cleary Gottlieb Steen & Hamilton where he was an associate.
Private equity / VC
K Law and Vaish Associates have advised on the Rs 100 crore ($22.5m) pre-IPO private equity investment by Avigo into Super Religare Laboratories.
Law firms
Breaking exclusive: ALMT Legal has ended its best friendship with Clyde & Co as it is parting ways with five partners across Mumbai, London and Delhi who will create new start-up firm Clasis Law with a partner joining from the international firm.
Projects
Amarchand Mangaldas has taken an early lead in the 2011 Indian first quarter project finance rankings, racking up higher deal values than both Link Legal and last year’s busiest firm Luthra & Luthra combined, followed by Trilegal and Fox Mandal.
Corporate M&A
Vaish Associates Advocates and Dua Associates’ Amarchand Mangaldas partner lateral hire have advised on German tyre manufacturer Continental AG’s full buy-out of Indian Modi Tyres.
Corporate M&A
Breaking: Amarchand Mangaldas Bangalore, Luthra & Luthra and Clifford Chance have led on Petronas International’s $2.1bn exit of Vedanta Resources-part-owned Cairn India, according to lawyers on the deal.
Law firms
DLA Piper has promoted 1997 NLSIU Bangalore graduate and foreign law firm veteran Biswajit Chatterjee to its partnership in Singapore.
Law firms
The year-old Chennai writ petition against 31 foreign law firms in India has been adjourned to 2 August with the filing of an affidavit by the government today.
Law firms
Juris Corp partner Huzefa Nasikwala is going independent to start his own litigation and real estate practice in Mumbai.