Amarchand Mangaldas

Luthra & Luthra and DLA Piper have bagged the 12,500 crore ($2.75bn) follow-on share sale of ONGC, beating five other law firms in a competitive tender, with Amarchand Mangaldas Delhi winning the mandate for the bankers.

J Sagar Associates (JSA) acted for private equity firm BTS Investment Advisors on its Rs 36 crore ($7.9m) investment in car rental company Carzonrent which was advised by Amarchand Mangaldas.

Amarchand Mangaldas has challenged the Competition Commission of India’s (CCI) jurisdiction in a writ petition filed for Indian Oil Corporation (IOC) to prevent the anti-trust regulator, which is represented by Economic Laws Practice, from deciding on an aviation fuel suppy dispute with Reliance Industries Limited (RIL) represented by R Sariprabhu Advocates.

Exclusive: AZB & Partners has topped Legally India’s 2010-2011 quarterly initial public offering (IPO) league table taking it to second place in the financial year IPO rankings to date behind Amarchand Mangaldas and overtaking Luthra & Luthra, which did not file any IPOs in the last quarter.

Desai & Diwanji has advised IDFC Mutual Fund on its estimated Rs 300 crore ($66m) sale of a 25 per cent stake in IDFC Asset Management Company to French asset manager Natixis, which was advised by Amarchand Mangaldas Mumbai.

Amarchand Mangaldas has advised J P Morgan India’s real estate investment fund on its partial Rs 115.23 crore ($25.4m) exit in B Raheja Builders to builder group K Raheja, which hired Wadia Ghandy as legal counsel.

Start-up firm Axon Partners LLP has closed nearly a year restructuring roughly $2bn of debt of steel producer Jindal Stainless (JSL), with Amarchand Mangaldas and Clifford Chance jointly advising a variety of lending banks.

AZB & Partners and Amarchand Mangaldas have advised on a majority of M&A mandates out of 26India-related transactions in November, according to data aggregated by mergermarket.

The Competition Commission of India (CCI) has made it first order, clearing 16 banks from the allegation of having acted in a cartel to fix penalty rates of homeowners foreclosing housing loans.

Crawford Bayley and Amarchand Mangaldas have been duking it out in the Bombay High Court on behalf of expelled Indian Premier League (IPL) team Rajasthan Royals and the Board for Control of Cricket in India (BCCI) respectively, with a ruling on an arbitrator’s interim relief expected this week.

Amarchand Mangaldas has advised JSW Energy on its $422m (Rs 1,900 crore) acquisition of Canadian power company CIC Energy with a raft of international law firms.

The Mumbai offices of Amarchand Mangaldas and AZB & Partners have advised on the acquisition by India’s third-largest private sector bank Axis Bank of financial services businesses of Enam Securities Private Limited (Enam) for Rs 2,067 crore ($450m).

AZB & Partners and Amarchand Mangaldas Delhi have advised on the world’s largest express shipping company FedEx’s acquisition of Indian logistics services provider AFL Private Limited and its subsidiary Unifreight.

Exclusive: Amarchand Mangaldas has reclaimed the top rank in Legally India’s 2010-11 first-half-year initial public offering (IPO) league table ahead of Luthra & Luthra, with AZB & Partners winning third place after doubling its IPO mandates compared to the same period last year as Khaitan & Co dropped four ranks.

Luthra & Luthra has built on its lead in the Dealogic Indian project finance league table of the first three quarters of 2010, as Amarchand Mangaldas completed four project financings in the last quarter and caught up into second place ahead of newcomers such as Axon Partners LLP and R&A Legal Advocates. Globally the top two firms are also in the top 10 of project finance legal advisers by value.

AZB & Partners has topped the mergermarket league table for the first three quarters of 2010 in a record year of M&A activity so far. The firm is followed in the rankings by Desai & Diwanji, Amarchand Mangaldas, Khaitan & Co and newcomer Tatva Legal according to the total number of mandates.

Amarchand Mangaldas Bangalore and Indus Law Advocates advised on private equity funds Sandstone Capital and Sequoia Capital’s Rs 200 crore minority stake investment in India’s largest domestic handset maker Micromax.

Nalsar Hyderabad has placed 35 students with law firms out of a 2011 graduating batch of 81, as the in-house recruitment round is yet to begin.

Amarchand Mangaldas equity corporate partner Himanshu Narayan has resigned the firm to join Dua Associates in Delhi.