AZB & Partners

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.

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.

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.

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

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

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.

On 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.

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.

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).

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.

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.

Themis Associates partner Chetan Nagendra, who specialises in corporate and venture capital (VC) work, will join AZB & Partners in Bangalore.

Cyril Amarchand Mangaldas acted as legal counsel to BNP Paribas in its Rs 2,000 to 2,200 crore acquisition of Sharekhan, with AZB & Partners acting for the sellers.

J Sagar Associates (JSA) Mumbai partners Somasekhar Sundaresan, Vikram Raghani and Jamshed Bhumgara acted for the management shareholders of Sharekhan.

Cyril Amarchand Mangaldas Mumbai-based corporate partners Ashwath Rau and Shishir Vayttaden led the team for BNP. Senior advisor Anand Sinha, who was formerly deputy governor at the Reserve Bank of India (RBI), advised on regulatory aspects, while Bangalore-based employment partner Rashmi Pradeep assisted with labour law-related advice.

Tax advice was handled by Cyril Amarchand New Delhi-based tax partner SR Patnaik, while Mumbai-based partner Nisha Kaur Uberoi handled the competition law aspects.

AZB Mumbai-based partner Vaidhyanadhan Iyer acted for the multiple sellers.

The Rs 2,000 crore deal was signed on 30 July 2015 and is expected to close by 31 January 2016. The online share trading platform’s sale to BNP has been hailed as a vote of confidence in India’s equity market, reported Economic Times.

Khaitan & Co overtook Amarchand Mangaldas in data provider mergermarket’s half-yearly (H1) M&A charts by value, with the first quarter of Amarchand functioning as the split firms of Cyril Amarchand Mangaldas (CAM) and Shardul Amarchand Mangaldas (SAM). AZB & Partners maintained its deal volume lead which it has claimed for two consecutive years.

AZB & Partners’ private equity (PE) practice again won it the top place in the half-yearly league table of data provider Venture Intelligence, making the firm the half-yearly league leader in this space for the third consecutive year.

Suzlon Energy senior legal counsel Naved Askari, who was heading the company’s corporate and operations legal team, is to join AZB & Partners as a Mumbai-based counsel, reported Bar & Bench.

The 1998 GLC Mumbia graduate has previously worked at Mulla & Mulla, Wadia Ghandy, and Wockhardt, before joining Suzlon in 2009.

In a week that’s seen a raft of companies hitting the markets, Cyril Amarchand Mangaldas Bangalore partner Arjun Lall has scooped the mandate advising Cafe Coffee Day on its Rs 1,150 crore initial public offering (IPO), with AZB & Partners and Baker & McKenzie acting for the banks.

AZB Delhi partner Madhurima Mukherjee with senior associate Agnik Bhattacharyya and associate Namita Das acted for the global book running lead managers Kotak Mahindra Capital, Citigroup Global Markets and Morgan Stanley.

BakerMacs’ India head Ashok Lalwani handled the international elements of the deal.