Bharucha & Partners
Bharucha & Partners has promoted Mumbai senior associate Ajai Achuthan as its eighth partner.
According to several sources, S&R Associates partner Rajat Sethi and UK firm Slaughter and May partner Susannah Macknay have been advising Vodafone on its long-awaited Rs 80,000 crore ($12.2bn) merger with Idea, which was formally announced today.
"Square Yards Consulting Pvt. Ltd, a real estate listings and advisory firm, has raised $12 million from the private equity arm of Anil Ambani-led Reliance Group,” reported Mint.
Vaish Associates advised luxury merchandise e-tailer Radiant Hues on the $2m (Rs 13.8 crore) sale of stake in it to the Anil-Ambani controlled Reliance Capital which was advised by Bharucha & Partners.
Vaish Delhi partner Satwinder Singh and senior associate Varnika Sharma acted for Radiant.
Bharucha Mumbai partner Justin Bharucha and associate Gunmeher Juneja acted for Reliance.
Reliance will end up with 14.07 per cent stake in Radiant, through investment in various tranches, by May 2017, reported VC Circle.
Bharucha & Partners advised Idea Cellular on its Rs 3310 crore ($500m) buy of Videocon’s Uttar Pradesh and Gujarat circle telecom spectrums, reported the Economic Times. Shardul Amarchand Mangaldas (SAM) advised Videocon.
Bharucha partner Alka Bharucha, senior associate Siddharth Manchanda, and associate Ayesha Bharucha acted for Idea.
SAM executive chairman Shardul Shroff, partners Vidyut Gulati and Asim Abbas and senior associate Kushal Sinha acted for Videocon.
This is India’s first telecom spectrum trading transaction since the notification of Guidelines for Trading of Access Spectrum by Access Service Providers by the Department of Telecommunications on 12 October 2015, according to the press release.
Bharucha & Partners Delhi disputes partner Kapil Arora will join Cyril Amarchand Mangaldas with a team of three associates.
Vandana Pai Bharucha, former Amarchand Mangaldas Mumbai corporate partner who left in July 2014 reportedly for health reasons, will join Bharucha & Partners as a partner.
Bharucha & Partners advised social media giant Twitter on its first acquisition in India, in its $30m buy of missed-call marketing platform ZipDial Mobile Solutions, which was advised by AZB & Partners.
Amarchand Mangaldas Delhi and Mumbai regions, managed by brothers Shardul and Cyril Shroff respectively, have agreed to split into two firms by 1 April 2015, confirmed three independent sources.
Senior counsel Iqbal Chagla told the Bombay high court in his closing remarks that his client Cyril Shroff would be filing an affidavit showing the “deep involvement” of his brother in the will.
Amarchand Mangaldas Delhi managing partner Shardul Shroff has filed legal action in the Bombay high court against his brother and Mumbai-region managing partner Cyril Shroff.
Deals round-up of more than a dozen recent instructions.
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.
Last month’s largest deals and the legal advisers that guided and benefited from them.