Cyril Amarchand Mangaldas

After an unnamed Central Bureau of Investigation (CBI) source had told the Times of India in April that the agency might file a case against Cyril Amarchand Mangaldas (CAM) over Nirav Modi files it had held, Reuters has today run a follow-up scoop that has been widely picked up by nearly all Indian media.

Cyril Amarchand Mangaldas Delhi-based corporate partner Harsh Kumar has resigned, Bar & Bench has first reported, noting that he is “likely to join another top law firm”.

Shardul Amarchand Mangaldas (SAM) Delhi disputes principal associate Omar Ahmad is joining Cyril Amarchand Mangaldas (CAM) as a salaried partner with a team of three associates.

Shardul Amarchand Mangaldas (SAM) corporate communications senior manager, Rahul Gossain, has joined Cyril Amarchand Mangaldas (CAM) as its Delhi-based national marketing communications head.

Cyril Amarchand Mangaldas has promoted 12 of its lawyers to partner level, and two to partner designate, according to the firm’s press release.

After a three-and-a-half month wait, Shardul Amarchand Mangaldas (SAM) Delhi-based corporate equity partner Akila Agrawal has now joined Cyril Amarchand Mangaldas (CAM) as the head of its M&A practice, according to its press release.

Cyril Amarchand Mangaldas (CAM) has hired Shardul Amarchand Mangaldas principal associate Mukul Sharma as a corporate partner in its Delhi office, according to CAM’s press release.

Fortis Healthcare Limited was aquired by Malaysian-Singaporean healthcare group IHH Healthcare Berhad (through its wholly owned subsidiary, Northern TK Venture Pte Ltd), through a preferential issue of equity shares of Fortis for a consideration of Rs 4,000 crores at a price of Rs 170 per Equity Share amounting to 31.1% of Fortis’ share capital, as reported by Mint and others.

IDFC Alternatives vice president legal Vedant Shukla, has joined Cyril Amarchand Mangaldas in Mumbai as a partner.

Dua Associates corporate and private equity partner Himanshu Narayan is to join Cyril Amarchand Mangaldas with his team-member partner Amarta Roy, Bar & Bench has first reported.

Nivedita Tiwari, who had resigned from Cyril Amarchand Mangaldas (CAM) in April, is due to join Shardul Amarchand Mangaldas (SAM), we reliably understand.

It’s been a long time coming, with rumours swirling for months now, but Cyril Amarchand Mangaldas (CAM) partner and Delhi head Percy Billimoria has given notice last month and is set to start up an independent counsel practice, we have reliably learned.

Khaitan & Co had initially been loathe to let partner Avaantika Kakkar leave the firm to Cyril Amarchand, when we first reported her move on 14 April.

Four Indian law firms are advising in world-record breaking sale of Indian unicorn Flipkart, the biggest domestic Amazon competitor, to Walmart.