AZB & Partners

Cyril Amarchand Mangaldas (CAM) general corporate partner designate Prerak Ved will join AZB & Partners as a counsel in Mumbai, we have confirmed from authoritative sources.

“State Bank of India (SBI) has kick-started the formal process of merging associate banks and Bharatiya Mahila Bank, which would create a banking entity with total assets worth about Rs 29 lakh crore. The bank has appointed merchant bankers, valuation consultants and law firms to complete the process,” reported The Economic Times.

Cyril Amarchand Mangaldas Mumbai partner Vijayendra Pratap Singh will join AZB & Partners Delhi, Singh has officially confirmed.

AZB & Partners has promoted five to partner in Delhi.

Cyril Amarchand Mangaldas has hired AZB & Partners litigation partner Sidhartha Barua as a litigation partner in Delhi with seven AZB fee-earners.

Cyril Amarchand Mangaldas partner VP Singh may join AZB & Partners.

"Canadian billionaire Prem Watsa’s Fairfax India Holdings Corp. ... said it had agreed to acquire a 51% stake in Privi Organics Ltd for about Rs 370 crore. Privi Organics is a supplier of aroma chemicals to many large fragrance and consumer goods companies globally.” reported Mint.

Cyril Amarchand Mangaldas has topped the list of 13 domestic law firms’ M&A mandates by value of deals done with $6.2bn worth of transactions, followed by AZB & Partners and Vaish Associates, with stronger performances across the board than at the same time last year.

Nirma will buy Lafarge India’s assets for $1.4bn from LafargeHolcim according to reports, with several law firms getting a slice of the action including Ashwath Rau’s old and new firm.

The notice period of Cyril Amarchand Mangaldas (CAM) partner Ganesh Rao, who has been handing over matters at the firm since resigning together with partner Ashwath Rau, Anu Tiwari and Dhruv Singal for AZB & Partners around 23 April, is now also over.

Taxi aggregator Uber started a joint venture with Tata Motors, which envisages Uber drivers buying Tata cars financed via Tata Capital Financial Services and Tata Motors Finance loans with insurance from Tata.

HDFC Standard Life Insurance, a joint venture between HDFC and Standard Life, will be absorbing Max Life Insurance and Max Financial Services, according to reports, in what is billed as the biggest ever consolidation in the private insurance space in India.

Cyril Amarchand Mangaldas Mumbai projects partner L Viswanathan and corporate partner Jaya Singhania advised Welspun Energy on selling the assets of Welspun Renewable Energy to Tata Power, which was advised by AZB & Partners partner Shameek Chaudhuri.

Cyril Amarchand Mangaldas Mumbai corporate partner Ashwath Rau has joined AZB & Partners today, confirmed managing partner Zia Mody for the first time.

Shardul Amarchand Mangaldas (SAM) advised Japanese conglomerate Sumitomo Corp on its Rs 623.44 crore ($93m) buy of 44.98 per cent stake in Excel Crop Care which was advised by AZB & Partners.

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Cyril Amarchand Mangaldas (CAM) Mumbai star corporate partner Ashwath Rau and AZB & Partners Delhi senior partner Percy Billimoria have both served out their notice period in record time, with today being the last day at their respective firms until they swap firms later this week.

Around 25 fee-earners in the team of Ashwath Rau, who is set to join AZB & Partners Mumbai office with at least three partners, have been told that today will be their last day in the office, according to reliable sources.

Cyril Amarchand Mangaldas has confirmed the hire of AZB & Partners senior partner Percy Billimoria as head of Delhi and chair of disputes, regulatory, advocacy and policy practice, as first reported by Legally India last week.

Cyril Amarchand Mangaldas partner and national competition head Nisha Kaur Uberoi handed in her resignation yesterday and is set to join AZB & Partners in the coming months.