AZB & Partners

AZB & Partners advised private equity (PE) firm Warburg Pincus as Wadia Ghandy advised PE firm Faering Capital in investing Rs 300 crore ($49m) in ladies ethnic wear maker Biba Apparels which was advised by OP Khaitan & Co.

Luthra & Luthra advised Indian private equity and real estate firm Everstone Capital in its joint venture with international fast food giant Burger King.

Amarchand Mangaldas has reported the most M&A activity among Indian law firms this year, according to data provider mergermarket’s Q1-Q3 rankings.

AZB, Luthra, Links & Slaughters sell off Indian RBS assets to Ratnakar bank.

AZB & Partners Bangalore partner Shreya Jayasimha has resigned to start up law firm Aarna Law, reported Bar & Bench without official comment from him or the firm.

Jayasimha graduated from NLSIU Bangalore in 2000, worked in the chambers of then advocate and now Delhi high court justice S Murlidhar for a year, and in the offices of Jayaram and Jayaram for another year, setting up Jayasimha Law Chambers in 2003. He joined AZB as partner in 2008.

In 2010 AZB broke up with its Bangalore merger partner of one-and-a-half-years, Anup Shah.

Amarchand Mangaldas solidified its lead in the Indian project finance league tables ahead of Luthra & Luthra, as AZB & Partners pushed its way into the top three.

HSA Advocates advised Invest India Micro Pension Services (IIMPS) and its promoters in raising funds from German promotional bank KfW for a 30 per cent stake in IIMPS. KfW was advised by its in house legal team.

AZB & Partners partner Hardeep Sachdeva advised the Michael & Susan Dell Foundation, which is one of the shareholder’s in IIMPS, alongside UTI Asset Management and SEWA.

HSA partner Harvinder Singh and senior associate Sumedha Dutta acted for IIMPS, which distributes financial services to lower income groups, including savings schemes for old age.

AZB & Partners dropped off data provider Merger Market’s half-yearly (H1) M&A league table despite reporting 21 deals – the highest among India’s top ten law firms.

Amarchand Mangaldas advised State Bank of India (SBI), SBI Trustee and SBI AMC in buying Japan’s second-largest brokerage group Daiwa Security Group’s Daiwa Mutual Fund. Daiwa was advised by AZB & Partners. SBI will buy the Japanese fund for more than Rs 1.3 crore ($220,000), reports Mint.

Amarchand Mangaldas Mumbai corporate partners Ashwath Rau and Aysswarya Murthi acted for the buyers, which will acquire Daiwa’s sponsorship, trusteeship and management.AZB & Partners Mumbai partner Alka Nalavadi and associate Rushabh Maniar acted for Daiwa Asset Management Company’s Indian and Japanese arms and Daiwa Trustee Company.

Daiwai Mutual Fund is selling out to SBI because it wants to cut costs and jobs outside Japan, and because India poses regulatory uncertainties, waning retail investor interest in equity markets, wafer-thin margins and a highly competitive environment, reported the Times of India.

Rachit Bahl, Nandita Govind and Ritika Rathi make salaried partner Delhi; Nilanjana Singh, Nandish Vyas confirmed in Mumbai.