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Cyril Amarchand Mangaldas

27 June 2017

Tata Steel on Friday sold its entire 2.9 per cent stake in Tata Motors to Tata Sons through a block deal on the BSE. A block deal of 8.35 crore shares was executed at an average price of Rs 452.80 a share. At that price, the deal size stood at Rs 3,780.88 crore. Last week, the Tata group had said to reduce cross-holdings, Tata Sons, the holding company of the $103-billion Tata group, will acquire Tata Steel’s 2.85 per cent share in Tata Motors on or after June 23. After the stake buy, Tata Sons’ holding in Tata Motors will increase to 31.06 per cent from the current 28.2 per cent.

16 June 2017

Intertape, the Canadian packaging company with executive headquarters in Sarasota County, announced Thursday it is making a “greenfield” investment in Capstone Polyweave Private Limited, which plans to build a $30 million manufacturing facility in Karoli, India. Capstone’s shareholders also own and operate Delhi-based Airtrax Polymers Private Limited, which manufactures and sells woven products that are used in the building and construction industry. Airtrax posted $11 million in revenues for the year ended March 31.

06 June 2017

The CLIENT:: State Bank of India (SBI);; is planning to raise Rs 15,000 crore in capital through a qualified institutional placement (QIP) of 54.4 crore equity shares, reported Bloomberg Quint.

27 May 2017

Cyril Amarchand Mangaldas (CAM) is closing its transaction support group (TSG), which was set up 2013 in Mumbai to explore providing volume-focused transactional support at lower rates on work such as due diligence and other commoditised advice, with its TSG head Ami Parikh joining AZB & Partners to start a TSG there.

17 May 2017

Cyril Amarchand Mangaldas principal associate Tirthankar Datta will join J Sagar Associates (JSA) some time next month as a retained partner in its banking team, we understand from sources.

16 May 2017

“In the largest private equity deal in the logistics space, the Canadian pension fund manager Canada Pension Plan Investment Board (CPPIB) and IndoSpace, promoted by PE firm Everstone and US-based Realterm, have entered into a three-step deal which would entail an investment of $1.3 billion (Rs 8,320 crore), most of which will come from the CPPIB,” reported Business Standard

10 May 2017

Former Cyril Amarchand Mangaldas (CAM) Delhi partner Raghuram Raju, who left the firm to set up his own finance and M&A practice in October 2016, has rebranded it as Mandalā Law Offices after former CAM Delhi partner Srinivas Kilambi joined Raju as a partner on 1 April.

05 May 2017

Gaurav Singhi, who had resigned from Shardul Amarchand Mangaldas’ partnership last month, will be joining Cyril Amarchand Mangaldas in early June as a corporate partner, according to two sources.

03 May 2017

Under Taj Hotels current general counsel Rajendra Misra, the iconic Taj Mahal Palace hotel in Mumbai is set to join the rare registered trademark category of what are known as “image marks”. The Louvre in Paris is another one.

27 April 2017

“Arms dealer Abhishek Verma, his wife and others were discharged by special court on Wednesday in a CBI case involving alleged payments to some officials to influence the defence ministry to keep a German firm out of the government’s blacklist. Special CBI Judge Anju Bajaj Chandna also discharged Verma and his Romanian wife Anca Verma in a money laundering case filed by Enforcement Directorate (ED) in the matter.” reported the Times of India.

11 April 2017

Cyril Amarchand Mangaldas Mumbai banking partner Niloufer Lam has resigned the firm, as first reported by Bar & Bench.

05 April 2017

Cyril Amarchand Mangaldas has fully funded a chair in “everyday ethics for the legal profession” at GNLU Gandhinagar for at least the next three years, which, if it succeeds, would become a template for the law firm contributing financially to other universities’ courses.

29 March 2017

Cyril Amarchand Mangaldas acted for Avenue Supermarts on one of the largest (Rs 1800 crore) and most oversubscribed (106 times) initial public offerings (IPOs) ever, alongside Luthra & Luthra and Herbert Smith Freehills Singapore for the banks, listing with a valuation of Rs 39,998 crore - the 67th largest Bombay Stock Exchange-listed company.

28 March 2017

Cyril Amarchand Mangaldas has promoted 20 lawyers to partner, with the majority in the corporate practice, in addition to formally inducting AZB & Partner partner Rishi Gautam as a partner from 1 April.

21 February 2017

Cyril Amarchand Mangaldas (CAM) is understood to be hiring AZB & Partners corporate partner Rishi Gautam, who had joined the firm in 2014 from Clifford Chance and a short stint at Amazon, as first reported by Bar & Bench.

10 February 2017

Infosys, beleaguered by speculation over boardroom disagreements, internal governance surrounding CEO compensation, severance pay, appointments of independent directors, visas and a difficult business environment, has appointed Cyril Amarchand Mangaldas to help it settle ongoing disputes and disagreements between the company’s bosses and various shareholders, as reported by The Hindu Business Line and others.

31 January 2017

According to a Cyril Amarchand Mangaldas press release, it “will be India's first law firm to deploy such a technology, hence enhancing its delivery model to provide certain legal services more efficiently, quickly and accurately to its clients”, having signed up with a Canada-based machine learning legal software company.

23 January 2017

Lakshmikumaran & Sridharan (LKS) has snapped up former Cyril Amarchand Mangaldas director for “strategy & special projects” Anish Tripathi as director of “GST and supply chain advisory services.

20 January 2017

Anish Tripathi, Cyril Amarchand Mangaldas director “strategy & special projects” in Mumbai, has resigned with today being his last day at the firm.

20 January 2017

Cyril Amarchand Mangaldas partner Srinivas Kilambi, who had joined the Delhi office of the firm from MNK Partners, where he was co-founding partner, is set to resign according to two authoritative sources.

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