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AZB & Partners

03 November 2015

AZB & Partners advised former Vodafone CEO Arun Sarin and his family on their acquisition of a minority stake in ANI Technologies which runs taxi app Ola. Ola was advised by IndusLaw.

AZB Delhi partner Anil Kasturin and senior associate Jaishree Tolani acted for Sarin who, as Mint reported, is joining Ola as an independent director.

Indus declined to comment but it is understood that Noida partner Gaurav Dani led the deal for Ola.

Founded in January 2011 by two IIT Bombay alumni, Ola currently plies over 20,000 vehicles in over 100 Indian cities, is backed by investors such as DST Global, GIC, Falcon Edge Capital, SoftBank Group Corp., Tiger Global Management LLC, Steadview Capital and Accel Partners, acquired rival TaxiForSure this year in a deal worth $200m, and is being investigated for predatory pricing allegations in the Competition Commission of India, even as the Delhi high court imposed a ban on it.

03 November 2015

Khaitan & Co advised Indian stationery maker Writefine Products on selling 32.5 per cent equity to Italian art products maker and distributor Fabbrica Italiana Lapis ed Affini (FILA). FILA was advised by AZB & Partners and Italian law firm Studio Legale Salonia Associati.

Khaitan associate partner Mehul Shah, senior associate Vivek Sriram,and associate Vidur Sinha acted for Writefine Products.

AZB Partner Alka Nalavadi acted for FILA which was increasing its shareholding in Writefine to 51 per cent from 18.5 percent.

Writefine Products, a Gujarat-based company that claims to have close to 3,000 employees, was valued at around Rs 740 crore (around $114m) in the deal, reported VCC Circle.

29 October 2015

BMR Legal announced the induction of Kaushik Mukherjee, who was earlier a partner at J Sagar & Associates as the second partner based out of the firm’s Mumbai office.

14 October 2015

MerchantAZB & Partners former Mumbai partner Kalpana Merchant, who resigned from the firm in early September, has joined P&C Legal, the Mumbai arm of Bangalore headquartered firm Poovayya & Co that was started headed by AZB alum Vishnu Jerome.

12 October 2015

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”.

06 October 2015

Nishad Nadkarni will join the Khaitan & Co Mumbai office as an associate partner in its IPR team after resigning from Legasis Partners, reported Bar and Bench.

Nadkarni graduated from Symbiosis Law School in 1999 and has worked at firms such as Singhania & Co, AZB & Partners and DSK Legal before his stint at Legasis Partners.

05 October 2015

Shardul Amarchand Mangaldas Delhi corporate principal associate Soumya Kanti De Mallik has joined HSA Advocates as an associate partner on 1 October.

05 October 2015

Sinha: Returns homeShardul Amarchand Mangaldas Mumbai-based lateral hire Abhishek Sinha, who was reportedly poached in April from Khaitan & Co where he was an associate partner, will return to Khaitan & Co as an associate partner, according to several authoritative sources.

30 September 2015

IndusLaw advised Accel and AZB & Partners advised International Finance Corporation on their $37m (Rs 247 crore) co-funding of Healthvista alongside investors Qualcomm Asia Pacific and VenturEast which were advised in house. Healthvista runs home healthcare company Portea Medical.

Indus Bangalore partner Kartik Ganapathy, senior associate Basava Rao and associates Ramya Sridhar, Vivek BN and Mary Sebastian acted for Accel.

AZB Delhi partner Amrita Patnaik and senior associate Dushyant Bagga acted for IFC Portea raised $9m from Accel, Qualcomm Ventures and VenturEast in December 2013, according to VC Circle.

28 September 2015

AZB & Partners advised India’s largest doctor discovery platform Practo Technologies on its over $10m buy of smaller rival Qikwell Technologies India which was advised by Nishith Desai Associates (NDA).

AZB Mumbai partners Ashwin Ramanathan and Nilanjhana Singh and senior associate Parthasarathi Jha acted for Practo.

NDA Bangalore partner Vaibhav Parikh and associates Sangeeta Rana and Shreyas Bhushan acted for Qikwell.

Practo has bought four businesses in the last five months, including Qikwell, reported Mint according to which the other acquisitions were Insta Health, product outsourcing firm Genii and FitHo.

26 September 2015

AZB & Partners has promoted five of its lawyers to partner level after 12 months of partners leaving and joining in the Mumbai region of the firm.

17 September 2015

Ernst & Young (EY) director of fraud investigation and dispute services Ajay Upadhyay has joined AZB & Partners in Mumbai.

09 September 2015

Shardul Amarchand scoops MandalAZB & Partners Mumbai partner Shuva Mandal has resigned from the firm and will join Shardul Amarchand Mangaldas in Mumbai.

09 September 2015

J Sagar Associates (JSA) Mumbai capital markets partner Kaushik Mukherjee has resigned from the firm to join BMR Legal, reported Bar & Bench.

CORRECTION: The earlier report erroneously stated that Mukherjee would join BMR. Mukherjee has clarified that “the statement that I have accepted an offer with BMR is not correct”. Legally India regrets the error.

JSA managing partner Berjis Desai confirmed to Legally India that Mukherjee had said he would leave JSA but declined to comment further.

Mukherjee was made partner at JSA in 2013, as reported by along with 17 others Legally India.

The 2003 law graduate Mukherjee worked at AZB & Partners for over six years and White & Case London for over two years before joining JSA.

02 September 2015

AdWords advertising Google AdWords: How metaOn Monday the Economic Times reported that the director general (DG) of the Competition Commission of India (CCI) has submitted a damning report of Google, finding a prima facie case that Google has abused its dominant position.

31 August 2015

In April earlier this year, Cyril Amarchand Mangaldas (CAM) acquired three out of four MNK Law Offices partners in Delhi but three authoritative sources have confirmed that the fourth partner, Probal Bhaduri, has now joined PDS Legal offices in Delhi.

31 August 2015

Shardul Amarchand Mangaldas has won a favourable landmark report from the Competition Commission of India (CCI) director general for its client Bharat Matrinmony and an NGO against internet giant Google, which was represented by AZB & Partners and Economic Laws Practice (ELP).

28 August 2015

Gammon India has sold nine Indian project companies of Gammon Infrastructure Projects to a subsidiary of US asset management giant Brookfield Asset Management for around Rs 563 crore.

17 August 2015

Birla Corporation bought the Eastern cement plants of Lafarge for Rs 5000 crore from Lafarge India following the Competition Commission of India (CCI) order for the French company to divest itself of the units after its Rs $44bn merger with Holcim.

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