Argus Partners
“Chennai-based robotics startup DeTect Technologies Tuesday said it has raised $3.3 million in a Series A funding round from a clutch of investors led by SAIF Partners as it seeks to double its workforce and expand in the UK and Europe. Existing investors Bharath Innovation Fund, Axilor Ventures and BlueHill Capital Pvt. Ltd also took part in the latest round,” reported Mint.
Four Indian law firms are advising in world-record breaking sale of Indian unicorn Flipkart, the biggest domestic Amazon competitor, to Walmart.
Argus Partners has promoted four associates to various associate rungs. Name Promoted to City Debopam Dutta Managing Associate Mumbai Prerana Amitabh Managing Associate Delhi Swapnil Gupte Senior Associate Mumbai Ekta Bhasin Senior Associate Delhi
KKR India Financial Services, Indian non-banking financial company of US private equity firm KKR & Co, has extended debt of Rs 125 crore (USD 19 million) through a three-year credit facility to Accord Builders, a part of the Mumbai-based Omkar Realtors group, as reported by The Economic Times & Mint. The funds are to be utilised for construction and development of two residential projects in Mumbai.
Argus Partners has added Reserve Bank of India (RBI) principal chief general manager Pramod Panda as a partner in Mumbai, to set up its financial regulatory practice.
“Private equity firm Multiples has acquired a majority stake in HR technology and solutions provider PeopleStrong with an investment of around Rs 400 crore. Multiples, has made a “controlling investment” in PeopleStrong through a combination of primary and secondary investments, and sources close to the development said the deal value is around Rs 400 crore,” reported PTI.
Argus Partners merged with Mumbai firm P&P Legal, adding its founding partner Prakash Panjabi as an equity partner and Panjabi’s son and the other P&P Legal partner Pritish Panjabi as a partner in its Mumbai office.
Siddharth Raja, who was a co-founder of Narasappa, Doraswamy & Raja that later became Samvad Partners, will join Argus Partners in Bangalore as a senior partner and national executive director, with a remit to also oversee the firm’s Chennai practice.
Argus Partners has hired R Vedasagar as a partner in Bangalore, focusing on banking and finance from 1 October.
Argus Partners promoted Siladitya Chatterjee as a partner in its corporate practice in Delhi, effective 1 September 2016.
Link Legal India Law Services has hired two lateral partners, with Harish Kumar joining from DMD Advocates, and Shubha Karra joining from Argus Partners.
Argus Partners has promoted four lawyers internally to non-equity partner level.
Argus Partners advised electric goods maker Crompton Greaves on its Rs 400m buyout out of joint venture (JV) CG Lucy Switchgear by JV partner W Lucy & Co. W Lucy was advised by AZB & Partners.
Argus partner Adity Chaudhury and senior associate Megha Saraf acted for Crompton Greaves.
AZB partner Nilanjana Singh acted for W Lucy.
Economic Times quoted Compton Greaves Chief Executive Officer and Managing Director Laurent Demortier as saying, “We believe that W Lucy is the best potential owner for ensuring a long term future for CG-Lucy. Combining the CG Lucy Indian operations and Lucy Electric business will allow CG-Lucy to focus on developing products specifically for the Indian market and expand its offering within the MV sector”.
According to authoritative sources, Udwadia Udeshi & Argus (UUA) will separate into what remains of the two pre-merger legacy-firm by next month.
NUJS Kolkata’s 2015 graduating batch has accepted 27 job offers across seven firms with a mix of 16 so-called Day Zero offers made after interviews on campus on April 16 and 11 pre-placement offers (PPOs) made after internships to students.
Link Legal advised GMR whose road development arm GMR Highways sold 74 per cent stake in its special purpose vehicle GMR Ulundurpet Expressways to IDFC's India Infrastructure Fund for Rs 222 crore ($35m). IDFC was advised by Udwadia Udeshi & Argus Partners.