Cyril Amarchand Mangaldas
Mega deal sees five law firms bring investment home.
Khaitan & Co advised computer security software company Quick Heal Technologies on its $38.5m (Rs 250 crore) Initial Public Offering of fresh issue of equity shares and and an offer for sale of 6,814,736 equity shares by existing shareholders, consisting of Kailash Sahebrao Katkar, Sanjay Sahebrao Katkar, Sequoia Capital India Investment Holdings III, and Sequoia Capital India Investments III
The investors were advised by _Cyril Amarchand Mangaldas _partner Arjun Lall. Luthra & Luthra Mumbai partner Manan Lahoty acted for the book running lead managers which were also advised by Sidley Austin Singapore partner Prabhat K Mehta.
Khaitan Mumbai executive director Sudhir Bassi, partner Abhimanyu Bhattacharya, principal associates Thomas George and Ashwinee Oturkar, associates Oishik Bagchi, Abir Sarkar and Manasi Gandhi acted for Quick Heal.
The company has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) reported on 29 September and ICICI Securities, Jefferies India and JPMorgan India are the book running lead managers to the issue reported Times.
Cyril Amarchand Mangaldas (CAM) can now file for clients in the Supreme Court, having registered its own Advocate-on-Record (AOR) firm after the shared AOR firm of the erstwhile Amarchand Mangaldas was reconstituted.
Bajaj Finance general counsel (GC) Sapan Gupta will join Shardul Amarchand Mangaldas in December to spearhead a national banking practice from Mumbai.
J Sagar Associates (JSA) acted for First Carlyle Ventures Mauritius, whose affiliate is advised by The Carlyle Group, and the promoters and management shareholders of telecoms software company Elitecore Technologies Limited, in their sale of 100 per cent of Elitecore for Rs 180 crores to optical fibre maker Sterlite Technologies, which was advised by Cyril Amarchand Mangaldas partner Santosh Janakiram and partner designate Himanshu Dodeja.
JSA partner Vikram Raghani and senior associates Anand Lakra and Avinash Jethwani led the team for Carlyle.
JSA had also advised First Carlyle Ventures Mauritius during its initial investment in Elitecore. The deal will expand Sterlite’s broadband offering, reported PTI.
According to a press release from the Cyril Amarchand Mangaldas (CAM), yesterday was “an important day for the firm” after it has announced the “newly formed CAM governance structure for the practice areas, the constitution of various committees” which will be effective immediately and “form the framework that will help us move towards the aspirations we have set for ourselves”.
App-based taxi operator Ola’s parent company ANI Technologies has won a favourable majority decision from the Competition Commission of India (CCI), which declined to pass any interim order around the allegation that the company was involved in illegal predatory pricing.
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.
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.
Cyril Amarchand Mangaldas acted as legal counsel to the US’ LyondellBasell Group in its acquisition of the chemical business of Aurangabad-based company SJS Plastiblends, which was advised by Economic Laws Practice (ELP).
The acquisition signed on 7 August involves transfer of the whole business of manufacturing, distribution and sales of polypropylene compounds conducted by SJS Plastiblends, as reported by the Economic Times and others.
The Cyril Amarchand Mangaldas was led by Mumbai-based corporate partners Vandana Shroff and Anshuman Jaiswal, assisted by New Delhi-based tax partner SR Patnaik and competition law advice by Mumbai-based competition partner Nisha Kaur Uberoi.
KPMG acted as financial advisors to the LyondellBasell Group.
SJS Plastiblends Private Limited was advised by ELP associate partner Amit Manubarwala, with Singhi Advisors acting as its financial advisors.
New York Stock Exchange listed LyondellBasell is one of the world’s largest plastics, chemicals and refining companies and has an existing India presence.
Erstwhile Amarchand Mangaldas, the law firm that split in May into Shardul Amarchand Mangaldas and Cyril Amarchand Mangaldas, is the only Indian law firm that made it into a top 20 index of Asia Pacific law firm brands published this year.
Cyril Amarchand Mangaldas has unveiled its new logo and high-powered strategic advisory board today.
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.
Shardul Amarchand Mangaldas has continued its association with the international referral network Lex Mundi, according to a press release by the firm and the network.
Shardul Amarchand Mangaldas (SAM) Mumbai office managing partner Akshay Chudasama is acting for Warburg Pincus, which is buying a Rs 1,800 crore minority stake in Piramal Realty, which was advised by Cyril Amarchand Mangaldas’ Mumbai office.