Desai & Diwanji
Trilegal, Amarchand Mangaldas, Singh & Singh, Link Legal, AZB & Partners, Vichar Partners, Universal Legal, Dua Associates, DSK Legal, White & Case, Nishith Desai & Associates, Desai & Diwanji, and more in the latest top instructions for law firms and lawyers…
Desai & Diwanji advised hospitality group Interglobe hotels, on its multi-million dollar purchase of the issue share capital of steel maker Isha Steel Treatment, which was advised by Wadia Ghandy.
Desai & Dewanji Bombay partners Jai Diwanji and Ruzbeh Mistry, associate partner Sidhharth Mody, senior associate Shakti Singh Champawat and associate Karni Singh acted for the hotel developer, which is a joint venture between conglomerate Interglobe Enterprises and international hotel chain Accor.
Wadia Ghandy Mumbai partner Dhawal Mehta, senior associate Rati Lodha and associate Shruti Manglik acted for Isha Steel Treatment.
Exclusive: Desai & Diwanji advised India’s largest entertainment ticketing website BookMyShow in the Rs 100 crore ($18m) capital and equity infusion to be made in it by global internet-business venture capitalist (VC) Accel Partners, advised by IndusLaw.
Verus advised India-based leading global wind-power company and longstanding client Suzlon Energy (Suzlon) in the Rs 160 crore ($40m) sale of its 58 MW wind-farm Suzlon Engitech to an undisclosed purchaser, which was advised by Desai & Diwanji.
Exclusive: J Sagar Associates (JSA) senior associate Srishti Ojha will join Desai & Diwanji as a partner in Mumbai, ramping up the capacity of specialist capital markets partners at the firm to two after Sumes Dewan joined in Delhi earlier this month.
Exclusive: Fox Mandal partner Sumes Dewan will join Desai & Diwanji as its second Delhi partner on 7 July, after he had resigned last week.
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: Legal Process Outsourcing Unit (LPO) Pangea 3 was the only recruiter visiting HNLU Raipur’s rural Abhanpur campus for the class graduating this year, but 19 out of 60 total students secured jobs across 10 law firms, two LPOs and a company. The Recruitment Coordination Committee (RCC) placed 12 out of its 31 subscribers from the graduating batch.
Mergers and joint ventures lead last month’s largest deals, while private equity, capital markets, litigation and competition policy also nestle in.
Amarchand Mangaldas and Luthra & Luthra have each racked up over $10bn worth of deals to top the M&A Indian mergermarket league table for the first quarter of 2012, displacing 2011 first quarter (Q1) frontrunner AZB & Partners.
Fourteen law firms kept busy in a sideways economy with 14 deals in corporate, private equity and banking and finance. Find out what the industry has been up to.
Desai & Diwanji advised the Ashok Piramal Group in its Rs 1250 crore to Rs 1500 crore ($250m to $300m) three-way joint venture (JV) with Canadian engineering group SNC-Lavalin, which was advised by Economic Laws Practice (ELP), and IDFC project equity’s investment fund India Infrastructure fund (IIF), which was advised by Khaitan & Co.
17 deals and cases in brief this week, spanning M&A, a raft of financings, private equity, debt and equity capital markets and litigation.
Exclusive: Desai & Diwanji advised private equity house Olympus Capital Asia Investments in its purchase of over Rs 500 crore ($100m) in DM Healthcare, which was advised by Universal Legal’s Chennai office, with the exiting investors India Value Fund represented by DSK Legal.
Mint exclusive: India’s corporate law firms advised on fewer and smaller mergers and acquisitions (M&A) in the 2011 calendar year than in 2010, which affected revenues but still kept firms such as AZB & Partners, Amarchand Mangaldas, Khaitan & Co, J Sagar Associates (JSA) and Desai & Diwanji busy with a lion’s share of work.
Amarchand Mangaldas advised DLF Home Developers on Rs 430 crore ($81.5m) sale of its subsidiary Haamid Real Estates to realty firm M3M India, which was advised by Desai & Diwanji.
Read Legally India’s December and late November deals round-up to find out what friends and colleagues have been up to.
Desai & Diwanji has again reclaimed its throne as the busiest M&A firm in India having acted on 33 deals in the first three quarters of the year with Khaitan & Co also laying down improved M&A figures, while AZB & Partners, Talwar Thakore Associates and S&R Associates harvested the biggest value deals, also benefitting Linklaters and Allen & Overy.
Amarchand on Fortis mammoth internal restructuring, and Alfa Laval delisting; Desai & Diwanji and Seth Dua on two related private equity injections; Khaitan & Co gets close to Raiffeisen; JSA helps Naukri owner expand online reach to Zomato and beyond; MDP gets Cox & Kings out of Maharaja Express pickle for now; JSA and MD&T Partners get Indians to make hoses with Spaniards.
Mirah Hospitality with Desai & Diwanji; Amarchand, Rajani, Khaitan on $350m Welspun PE; Luthra in EU pharma tax case; ELP AP tax victory for MAS-GMR; Khaitan-Clifford on StanChart loan; SRGR-KJSV project; JSA-Prolegal consultancy.