Amarchand Mangaldas
Amarchand, AZB, Khaitan, Crawford Bayley and S&R Associates wrap up the last five deals of 2012..
AZB & Partners advised veteran client diversified technology and manufacturing major Honeywell Asia Pacific in its Rs 130 crore ($25m) sale of 6.24 per cent stake in its subsidiary Honeywell Automation India in an offer for sale through the stock exchange (OFS).
Amarchand Mangaldas and Herbert Smith Freehills advised Deutsche Equities India which was the stock broker for the OFS.
AZB & Partners Delhi co-founding partner Ajay Bahl with partner Anil Kasturi and senior associate Aparna Mehra acted for Honeywell with which Bahl’s relationship dates back to the early 1990s, he told Legally India.
Amarchand Mangaldas Mumbai capital markets partners Yash Asher and Gaurav Gupte acted for Deutsche Equities India, with Herbert Smith Freehills Singapore counsel Siddhartha Sivaramakrishnan.
Honeywell offloaded 5,51,333 shares as part of this OFS, to bring down the promoters’ holding to 75 per cent as per SEBI’s directive on minimum public shareholding, according to Money Control.
Amarchand Mangaldas senior associate Rishi Anand has founded Delhi start-up Gnarus Partners with three associates and one litigation head, aiming to double in size by next year and by attracting second-tier work.
Exclusive: Senior Amarchand Mangaldas Delhi equity partner Harry Chawla, who also co-heads the Delhi corporate practice and is one of four non-family partners on the firm’s national management committee, is understood to have resigned from the firm.
Amarchand Mangaldas, with Jones Day, advised healthcare BPO Apollo Health Street (AHSL) and its promoters in selling out for Rs 1000 crore ($184m) to US-headquartered BPO Sutherland Global Services (SGS). SGS was advised by S&R Associates and Latham & Watkins.
Amarchand Mangaldas Mumbai managing partner Cyril Shroff with Bangalore corporate partner Reeba Chacko, and Jones Day Ohio counsel Deepak Reddy acted for AHSL and its shareholders Apollo Hospitals, Maxwell, Eliza Holdings and Healthcare Investments.
Apollo Hospitals holds 40 per cent in AHSL and the rest of the shareholders are private equity investors. AHSL has 150 clients in India, according to Reuters.
S&R Associates Delhi partners Rajat Sethi and Venkatesh Vijayaraghavan, with associates Radhika Iyer, Dhruv Nath, Radhika Agrawal and Lakshmi Pradeep, and Latham & Watkins Silicon Valley partner Tony Richmond acted for SGS, which belongs to multinational conglomerate Sutherland group.
SGS is one of the largest independent BPOs in the world with over 30,000 employees globally, according to the DNA.
Sutherland outbid BPO Genpact to buy AHSL, reported The Hindu.
Khaitan & Co, with Herbert Smith Freehills, advised the Japanese Otsuka Pharmaceutical Factory (OPF), in co-investing Rs 1050 crore ($193m) in Indian pharma company Claris Lifesciences, to form a joint venture (JV). Claris was advised by AZB & Partners. Japan’s Mitsui & Co, advised by Amarchand Mangladas, was the other investor.
This week’s instructions starring: Amarchand Mangaldas, AZB & Partners, Khaitan & Co, Vaish Associates, Talwar Thakore & Associates, Desai & Diwanji and Khaitan Sud & partners, with Linklaters, Cleary Gotlieb and WongPartnership
Amarchand Mangaldas Delhi advised cinema chain PVR, which is buying rival chain Cinemax India by acquiring shares from the promoter – who are advised by Wadia Ghandy - and a subsequent open offer valued at around Rs 540 crore ($100m).
Khaitan & Co, Amarchand Mangaldas, J Sagar Associates (JSA), Naik Naik & Co, ALMT Legal, PRA Law Offices and Vaish Associates on some of the week’s top deals.
Exclusive: Khaitan & Co Mumbai counsel Mukund Puranik and senior associate Atman Desai will be joining Amarchand Mangaldas as principal associate in corporate and senior associate in the projects team respectively.
Puranik was the first to have been promoted into the new counsel alternative to partnership during Khaitan’s partner promotion round in 2011, reported legal website Bar & Bench at the time.
Puranik, who became a lawyer in around 1997 and also holds an LLM, and Desai, who has been with Khaitan for four years after completing his LLB at MSU Baroda, company secretarial qualification, and Australian LLM in 2007, were not reachable for comment.
Amarchand Mumbai partner Vandana Shroff confirmed that they would join, and added that the office had recruited at least 12 lateral hires since January.
Khaitan & Co Mumbai partner Rabindra Jhunjhunwala commented: “We wish them well in their new endeavour.”
Fox Mandal advised Japanese tourism and logistics company Nissin Corporation in buying 44 per cent stake in its Indo-Japanese joint venture (JV) Nissin ABC Logistics, from JV partner ABC India. Amarchand Mangaldas advised ABC India.
Fox Mandal Kolkata partner Shourya Mandal acted for Nissin Corporation.
Amarchand Mangaldas Delhi partner Kalpataru Tripathy with principal associate Abhishek Guha, senior associate Saurya Bhattacharya and associate Roopal Banthia acted for ABC India.
Supporting cast: Yash Raj Films, Gruner+Jahr, MakeMytrip, DLF, Tata, Fidelity, CESC, IFC, Bharat Petroleum, Indian Oil, Wells Fargo, Newscorp, CEAT, Dhunseri, Everstone, Mayfield, Linde, GTL, Sintex, Mahindra & Mahindra, DISA. Starring: Amarchand Mangaldas, JSA, AZB, Indus, HSA, Naik, Khaitan & Co and international talent.
Breaking: Platinum Partners and Slaughter and May advised London-based drinks giant Diageo on its overall complete £1.28bn (Rs 11,166 crore) acquisition of Vijay Mallya-promoted United Spirits, which was advised by Amarchand Mangaldas Mumbai office, as well as Kanga & Co and Herbert Smith Freehills.
Platinum Partners with Freshfields Bruckhaus Deringer advised UK oil and gas major BG Group on its sale of state-owned Gujarat Gas Company for over Rs 2,400 crore to Gujarat State Petroleum Corporation’s (GSPC) subsidiary GSPC Distribution Networks, involving India’s first long form merger control clearance.
Amarchand, Luthra, Khaitan, JSA, AZB, ARA, Rajani, HSA, KSP and Majmudar lead in the latest round-up of intercontinental multi-million dollar deals...
Amarchand Mangaldas has hired the head of Irish firm William Fry’s competition law department, John Handoll, as a senior adviser in European and competition law.
Trilegal, Amarchand Mangaldas, Singh & Singh, Link Legal, AZB & Partners, Vichar Partners, Universal Legal, Dua Associates, DSK Legal, White & Case, Nishith Desai & Associates, Desai & Diwanji, and more in the latest top instructions for law firms and lawyers…
After an unfortunate defeat in July, two Amarchand lawyers have now won the pre-quarterfinals of the same NDTV technology-themed quiz show convincingly.
The duo consisting of an associate and a senior associate of the firm wiped the quiz-show floor what seemed like two engineers KIIT Bhubaneshwar’s industrial institute.
Prepare for a couple of awful litigation puns from the host and some nail-biting gameplay set in the now familiar tunnel of mood lights, and prizes sponsored by a friendly neighbourhood gadget shop (prizes apparently upgraded this time from old-school Blackberry and iPod Shuffle to ear phones, an 8GB MP3 player and a low-end Taiwanese Android smartphone. [NDTV Goodtimes (22 minute video)]
Amarchand Mangaldas and senior counsel Gopal Subramanium acted for YSR Congress party president YS Jagan Mohan Reddy to whom the Supreme Court today denied bail in the money-laundering case against him.