AZB & Partners
Exclusive: The Competition Commission of India (CCI) rejected an amalgamation notice filed by Amarchand Mangaldas for Aditya Birla Nuvo, and AZB & Partners for retailer Pantaloon on 14 August. According to the regulator’s interpretation, the notice was premature and not in accordance with the Combination Regulations.
More deals than you can shake a stick at in our handy round-up of deals activity, with dozens of firms keeping busy.
Corporate M&As continued to buttress law firm activity, while one NUJS graduate sweated it out with a high profile Delhi high court case. Khaitan & Co also kept busy in finance and capital markets, and projects and private equity proved solid.
Juris Corp, I&S Associates, Indus Law, MDP & Partners, along with Amarchand Mangaldas, AZB & Partners, Khaitan & Co, Luthra & Luthra, Trilegal and others kept busy on 15 selected deals.
M&As and capital markets transactions take a marginal lead over litigation, competition and private equity and venture capital deals, in our three-week roundup.
Exclusive: Economic Laws Practice (ELP) competition and trade law partner Samir Gandhi is joining AZB & Partners in Delhi as the first partner at the firm to focus on competition law full-time.
This fortnight’s deals package conspicuously features international investors, not only in terms of cross-border M&As and investments but also on the litigation side.
Exclusive: NLSIU Bangalore’s graduating class of 65 this year secured 46 jobs across 18 Indian and foreign organisations. The recruitment coordination committee (RCC) placed 35 students in 12 organisations. One-fifth of the class is headed to Luthra & Luthra Law Offices.
Exclusive: Crawford Bayley associate partner Krishna Venkat will join AZB & Partners in Mumbai from 1 June as a senior associate in the M&A and corporate practice.
Exclusive: Amarchand Mangaldas, AZB with international firms Jones Day and Penningtons advised Bharti Airtel on its $165m purchase of Qualcomm 4G spectrum licences in India, according to several sources close to the deal.
AZB & Partners and international law firm Shearman & Sterling advised a Canadian financial holdings company’s investment subsidiary Fairbridge Capital in its purchase of 76.81 per cent equity for Rs 817 crore ($150m) in British holiday maker Thomas Cook Group’s (TCG) Indian subsidiary Thomas Cook India (TCIL). TCG was advised by Trilegal with international best friend law firm Allen & Overy.
J Sagar Associates (JSA) and international law firm DLA Piper advised Dutch pension services provider APG Strategic Real Estate pool Netherlands in its Rs 650 crore ($123m) investment in leading Indian hotel chain Lemon Tree Hotels and its subsidiary Fleur Hotels which were advised by AZB & Partners.
Mergers and joint ventures lead last month’s largest deals, while private equity, capital markets, litigation and competition policy also nestle in.
Exclusive: 57 out of a class of 100 NUJS Kolkata students graduating this year secured jobs with 26 organizations, through a mix of campus recruitment and applying independently, while almost a third of the remaining class opted to appear for civil and judicial service exams.
Exclusive: AZB & Partners Mumbai equity partner Yogesh Bhattarai has internally announced that he would leave the firm to go on a one-year sabbatical.
Last month’s largest deals and the legal advisers that guided and benefited from them.