ALMT Legal
“Zee Learn Limited announced [in February] that it has signed definitive agreements to Invest Rs 200 crores in MT Educare Limited through a preferential allotment of equity shares (face value Rs 10 per share) for a stake of 44.53% in the expanded share capital of MT Educare Limited, the company said in a stock exchange filing,”, according to NDTV.
ALMT Legal senior partner Hitesh Jain, whom we had first reported as moving out of ALMT on 24 March, will be joining Juris Corp as a partner, we understand from reliable sources.
Long-time ALMT Legal senior partner Hitesh Jain is set to leave the firm after 31 March of this year, taking his team of 28 fee-earners, including two salaried partners, with him.
Emerging food delivery startup, Grab.in, has raised a funding of Rs 9 crores ($1.5m) from SIDBI Venture Capital, the wholly owned subsidiary of SIDBI, as reported by YourStory and MoneyControl. With the current funding, SIDBI will be joining the list of Grab's investors that include Aramex Ventures, Zomato, and Sixth Sense Ventures. The Mumbai-based startup had earlier raised $1 million from Oliphans Capital and independent investor Haresh Chawla in April 2015, while Zomato had invested an undisclosed amount in the startup five months later.
Shardul Amarchand Mangaldas (SAM), Crawford Bayley, Luthra & Luthra, ALMT Legal, Trilegal, Hammurabi & Solomon and Cyril Amarchand Mangaldas (CAM) have applied to act as legal advisors on Air India's share sale, reported the PTI.
"Online tutoring firm BYJU’s has announced the acquisition of TutorVista and Edurite from Pearson. It said these acquisitions will help it expand in newer markets as well as create a diverse product portfolio," reported Your Story.
Kochhar & Co added ALMT Legal partner Gautam Bhatikar as a senior partner and co-head of the Mumbai office of the firm. Bhatikar has joined the firm with ALMT senior associate Zoeb Cutlerywala.
ALMT Legal has promoted Siddhi Ghatlia to salaried partner level in the corporate practice.
ALMT Legal is the last of the previous generation of law firm tenants to move out Mumbai’s Express Towers, leaving only new tenant Shardul Amarchand Mangaldas behind.
Clasis Law Mumbai partner and shipping and international trade head Harsh Pratap has left the firm, shortly after the exit of four other partners of the firm in Mumbai and London, including three co-founding partners.
AZB & Partners came out on top of a 2014 first-half-year league table released by corporate analytics company Venture Intelligence, recording 22 deals worth more than $2bn.
14 Indian law firm partners and senior associates will be named as “up and comers” and “associates to watch” in legal directory Chambers and Partners’ yet-to-be released Asia Pacific 2014 guide.