AZB & Partners

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).

NLU Delhi has already placed 23 out of 78 students who will graduate LLB next year, including four foreign firm vacation schemes, with 10 of those jobs gained during the 24 March ‘Day Zero’ of recruitment at the law school.

AZB & Partners has promoted 4 of its associates to partner level, three of whom in Mumbai had all joined AZB from Cyril Amarchand Mangaldas (CAM) in the last two years, with or shortly after partner Ashwath Rau had moved.

“In a deal led by Reliance Jio director Akash Ambani, Reliance Industries today signed an agreement for merging the digital music service Saavn with JioMusic to create a digital media platform with global reach having total value of over $1 billion,” reported PTI.

US-based fund manager, Global Infrastructure Partners (GIP) along with co-investors have announced the acquisition of Asia’s largest renewable energy firm, Equis Energy through a 100% cash deal, as reported earlier by VC Circle and The Economic Times. The deal is considered to be the the largest renewable energy generation acquisition in history and was completed on January 19, 2018.

Canadian billionaire Prem Watsa-owned Fairfax India Holdings has entered into an agreement to acquire a 51% stake in Kerala-based Catholic Syrian Bank for an estimated Rs 1,200 crores ($186m) through a full equity infusion, as reported by The Economic Times and Mint. The deal, subject to shareholder and regulatory approvals, is expected to close in the first half of 2018, paving way for the first acquisition of an Indian bank by a foreign non-banking financial entity.