AZB & Partners

NLSIU Bangalore’s 2017-graduating batch placed 33 out of 53 participating recruitment coordination committee (RCC) members, out of a total batch of 81, on 2 April.

Cyril Amarchand Mangaldas corporate partner Ashwath Rau has informed the partnership today that he would resign.

Cyril Amarchand Mangaldas (CAM) beat 2015’s top three firms, and flew past Shardul Amarchand Mangaldas as well, to lead Mergermarket’s M&A value rankings this quarter (Q1).

Cyril Amarchand Mangaldas principal associates Shyamali Singh and Harsh Maggon have joined AZB & Partners in Mumbai, with Singh becoming a partner and Maggon a counsel.

Verus advised refrigerated container-operator ColdEX on its fundraising from Asia Climate Partners which was advised by AZB & Partners.

ALMT Legal is the last of the previous generation of law firm tenants to move out Mumbai’s Express Towers, leaving only new tenant Shardul Amarchand Mangaldas behind.

Economic Laws Practice (ELP) partner Vinayak Burman, associate partner Amit Vyas and senior associate Archana Khosla have come together to pursue their entrepreneurial dream by starting their own law firm.

AZB & Partners has poached Luthra & Luthra M&A and corporate Delhi partner Aparna Mittal

Late Monday night, LafargeHolcim said the Competition Commission of India (CCI) has cleared the deck for one part of its India plans, which involves selling Lafarge’s cement business in the country. Mint reported that the deal to sell its entire cement portfolio could be valued at Rs 10,000 crore and that deal will now likely go through.

However, LafargeHolcim’s struggle with the regulatory red tape will not end there, as the company is still awaiting clearance from the Foreign Investment Promotion Board (FIPB) for its 2013 restructuring plan involving its units ACC Ltd and Ambuja Cement Ltd. The plan was submitted for FIPB approval in October 2013.

reported http://www.livemint.com/.

Initially, AZB & Partners with Vinod Thall-TTA drafted in on competition aspect acted for Lafarge, while Holcim was represented by Cyril Amarchand Mangaldas, Legally India had reported in August of last year following the CCI order for the to-be-merged $44bn entity to slim down, which it did by divesting Rs 5,000 crore of cement plans to Birla.

After the deal with Birla fell apart acrymoniously, it is understood that Cyril Amarchand took over as the lead counsel on the Lafarge Holcim merger.

Correction: The original version of this story erreneously stated that AZB and Vinod Dhall-TTA had also acted on the second leg of the deal.

AZB & Partners senior associate Debashree Dutta will join Shardul Amarchand Mangaldas’ (SAM) Mumbai office as a partner, focusing on banking, Legally India has reliably learned.

, as wellEconomic Laws Practice (ELP) has won the eighth cricket ELP Masters Cup in Mumbai against AZB & Partners in the finals by 12 runs late yesterday.

The new report by legal directory Chambers & Partners, which compiles an annual tiered ranking of law firms and partners in various practice areas, has seen Khaitan & Co take the top spot by number of "ranked" lawyers, reported The Economic Times, while AZB & Partners, Khaitan & Co and both erstwhile Amarchand Mangaldas co-managing partner Shroff brothers have lost dominance.

Shardul Amarchand Mangaldas (SAM) climbed up five ranks since Mergermarket’s preview of 2015’s annual rankings, to overtake Cyril Amarchand Mangaldas (CAM). CAM, according to the preview, was the third largest M&A dealmaker after AZB & Partners and Khaitan & Co.

AZB & Partners and Clifford Chance Hong Kong advised global investment banking major Goldman Sachs on its $66m (Rs 441 Crore) acquisition of minority stake in Indian hotel investor Samhi Hotels which was advised by Economic Laws Practice (ELP) and Jones Day. Khaitan & Co and Trilegal advised existing investors GTI Capital and IFC

AZB Mumbai partner Nilanjana Singh and senior associate Rinki Ganguly and associate Vijay Manjrekar, and Clifford Chance Hong Kong partner Neeraj Budhwani, senior associates John Koshy and Cheris Wong advised Goldman Sachs.

ELP Mumbai partners Sujjain Talwar and Darshan Upadhyay, associate partner Aakanksha Joshi and associate managers Amruta Kelkar and Kanisha Vora, and Jones Day Singapore partners Dennis Barskyand Karthik Kumar and associate Caitlyn McCarthy advised Samhi.

Khaitan Delhi partners Bharat Anand and Joyjyoti Mishra, principal associate Arjun Rajagopal and associate Nidhi Kilawala advised GTI Capital.

Trilegal Delhi partner Ravindra Bandhakavi, counsel Vaibhav Kothari and senior associate Parnika Malhotra acted for IFC

Desai & Diwanji advised the Bector Family and Motilal Oswal Private Equity on their Rs 450 crore ($67.5m) exit from Ludhiana based food and beverage company Mrs Bectors Food Specialities, after selling their minority stake in it. Private equity firms CX Partners, advised by Platinum Partners, and Gateway Partners, advised by AZB & Partners bought the stake. Shardul Amarchand Mangaldas advised Bectors Food.

D&D Delhi partner Rachna Jain and associates Nakul Batra and Rahul Chaddah advised the sellers on this, one of the largest packaged F&B sector private equity deals according to the firm’s press release.

Platinum Bengaluru partner Ankit Majmudar and associates Yamini Dwarakanath and Jagriti Mohata advised CX Partners.

AZB Delhi partner Sachin Mehta and Mumbai associate Vinit Nalavadi acted for Gateway Partners.

SAM Delhi partner Raghubir Menon, principal associate Gaurav Dayal and associate Aritra Roy acted for Bector Foods and its promoter Anoop Bector and his family members on the transaction.

CX and Gateway have reportedly invested Rs 450 crore in MBFSL for a 47 percent stake in the company reported Deal Street Asia.

AZB & Partners overtook Khaitan & Co, and the split firms of Amarchand Mangaldas, on data provider Mergermarket’s M&A leader board this year, where the combined deal value of the Amarchand Mangaldas firms would have led the value rankings by a margin of $4bn.

Talwar Thakore & Associates (TT&A), advised the AXA Group in the increase of its equity stake from 26 per cent to 49 per cent in its Indian life and general insurance joint ventures with the Bharti group member Bharti AXA Life Insurance Company Limited and Bharti AXA General Insurance Company Limited, which were advised by AZB & Partners in Delhi.

The TT&A team included partner Kunal Thakore and associate Deepa Christopher, while executive chairman Vinod Dhall and associate Sonam Mathur advised on competition law aspects.

AZB’s team included partners Gautam Saha and Sachin Mehta.

AXA will invest another Rs 1,290 crore in both joint venture companies, reported Mint.

AXA is the first foreign insurer to procure all regulatory approvals (from the Foreign Investment Promotion Board, the Insurance Regulatory and Development Authority of India and the Competition Commission of India) and complete the increase of its stake in its Indian joint ventures following the increase in the foreign investment permitted in the insurance sector.

AZB & Partners advised Singapore based infrastructure company Cube Highways & Infrastructure on its Rs 248 crores ($37.4m) buy of Madhucon Agra Jaipur Expressways (MAJEL) which was advised by Nishith Desai Associates (NDA).

AZB partner Yashwant Mathur, senior associates Esha Pruthi and Ambarish Mohanty and associates Shridha Malhotra, Devanshu Sajlan and Nitin Saluja acted for Cube.

NDA partner Rajesh Simhan advised MAJEL

Cube would operate the 57 kilometers stretch of National Highway 11, connecting the cities of Mahua and Bharatpur, on build operate transfer (BOT) basis connecting tourist corridors of Agra and Jaipur. MAJEL started operating in 2009.

International Finance Corp (IFC), a part of the World Bank group, had picked up a 20 per cent stake in Cube which is promoted by I Squared Capital. IFC had committed a $100m (Rs 6640 crore) investment in Cube, which will primarily acquire operating road assets in India, reported Mint.