AZB & Partners

“Wipro has won its largest information technology (IT) outsourcing contract, valued at $1.6bn over 10 years from Alight Solutions, the former benefits administration and human-resources outsourcing business of Aon,” reported Mint.

“Tata Power, India’s largest integrated power company, today announced that its board has approved the sale of its defence business to Tata Advance Systems Ltd, a wholly owned subsidiary of Tata Sons at an enterprise value of Rs2,230 crore,” Mint reported in March.

Many Indian firms have been looking to do more of knowledge management (KM) for many years, with an eye on their foreign counterparts, but the immediate pressures of earning revenues and servicing clients often get in the way. At AZB & Partners, Bhavi Sanghvi, has now transitioned from corporate, M&A and private equity partner to full-time knowledge management, heading up its KM function for the past month-and-a-half.

Further to our report last week, Trilegal has today voted to admit former partners of AZB & Partners, Ganesh Rao and Aditya Jha, as partners in its asset management and funds practice in Mumbai, growing its partnership to 44.

Japan’s Mitsubishi Chemical Corporation will buy the PVC compound business of Mumbai’s Welset Plast Extrusions, which is engaged in master batch (including PVC master batch) and PVC compound businesses. The transaction will complete in autumn of this year, according to Mitsubishi’s press release.

AZB & Partners has hired Shreya Rao, the founder of Rao Law Chambers, as a partner in Bangalore to co-head its private client practice. She will join from 20 June with her team of two lawyers.

Aparna Mittal, who had left the partnership of AZB & Partners in September 2017, has started a consultancy focusing on gender, policy and law.

Sunil Mittal-led mobile infrastructure major Bharti Infratel has announced the merger with Indus Towers to create a combined entity with an equity value of Rs 96,500 crores ($14.6bn), making it the world’s second largest telecom tower company after Beijing-owned China Tower, with more than 163,000 towers and having presence in all the 22 circles in India, reported Business Standard and Mint.

AZB & Partners Delhi partnership, following four recent promotions in Mumbai and Bangalore, has promoted five to partner (pictured above, left to right):

AZB & Partners acted on the biggest and greatest number of deals in the first quarter (Q1) of 2018, topping the charts across league tables published by mergermarket (MM) as well as by Bloomberg and Thomson Reuters (TR).

Legal technology consultant and (Cyril) Amarchand alumnus Eshan Sharma, has joined AZB & Partners on 2 April as its chief operating officer (COO).