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Desai & Diwanji

01 September 2015

Senior Mumbai Trilegal partner Amit Tambe will leave the firm.

13 July 2015

Desai & Diwanji advised British media conglomerate Daily Mail & General Trust’s investment arm DMG Information on its Rs 12.7 crore ($2m) infusion in Mumbai-based, non-brokerage, real estate company Liases Foras which was advised by DM Harish & Co.

D&D partner Siddharth Mody, senior associates Ashraf Lala and Rumma Panchmatia and associate Kumar Yashaswi acted for DMG Information.

DMH partner Anil Harish and associate Sohini Banerjee acted for Liases Foras.

DMG Information made its first strategic investment in May, in Chinese property information company Funcent, followed by investment of $3m in Propstack, reported Business Standard.

Last month Legally India reported that Desai & Diwanji had acted for DMG on its Rs 19 crore investment in commercial real estate company Propstack Services.

04 June 2015

Desai & Diwanji advised British media conglomerate Daily Mail & General Trust’s investment arm DMG Information on its Rs 19 crore ($3m) infusion in Mumbai-based commercial real company Propstack Services which was advised by Hariani & Co.

D&D partner Siddharth Mody, senior associate Ashraf Lala and associates Manav Shah and Santosh Vijay acted for DMG Information.

Hariani & Co senior associate Abhijeet Sonawane and associate Bhanudey Kanwar acted for Propstack and the existing investors.

The online real estate market has recieved significant investment recently from funds, for example, online property classifieds companies Housing.com and Commonfloor.com have collectively raised over $130m since September 2014, reported Mint.

29 January 2015

Hello again! This week’s newsletter is back with the low-down, context and analysis on the most important things that happened in the last week or so of law.

23 January 2015

PDS Legal, the law firm closely allied to Big Four consultancy Ernst & Young (E&Y), is set to boost its M&A practice with the arrival of Desai & Diwanji Mumbai partners Monika Deshmukh and Vihang Virkar.

12 January 2015

Veritas Law Offices is advising Delhi-based non-banking financial company (NBFC) Intec Capital in its privately placement of Rs 50 crores of BSE-listed non-convertible debentures.

11 December 2014

Desai & Diwanji and Luthra & Luthra acted on the sale of Jaipur Mahua Tollway, a four-laning project conessionnaire of the Jaipur-Mahua section of National Highway 11, for Rs 525 crore to ISQ Asia Infrastructure I, an affiliate of US-based fund I Squared Capital.

Desai & Diwanji Mumbai partner Ketaki Gor Mehta, assisted by associates Niharika Mepani and Rahul Deodhar, acted for the IJM group.

Luthra & Luthra partners Sameen Vyas, Manmeet Singh and Suyash Srivastava, assisted by senior associate Viplav Sharma and associates Anubha Sital and Shantanu Gupta, acted for ISQ

Only 74 per cent of equity shares will be sold now, with the remaining 26 per cent being sold after approval from the National Highways Authority of India (NHAI) through put and call options.

01 December 2014

Desai & Diwanji acted for Hyderabad Chemicals and its shareholders in its Rs 450 crore sale of 74 per cent stake to Japanese listed company Nihon Nohyaku which was advised by J Sagar Associates (JSA).

D&D Mumbai partner Vihang Virkar and senior associate Ayesha Rai acted for Hyderabad Chemicals. Virkar said in an email: “The promoters of Hyderabad Chemicals are new clients of the firm and we look forward developing our association with them.”

JSA partner Vikram Ragani with Anand Lakra, Bir Bahadur Singh and Suren Sundaram acted for Nihon Nohyaku, with Japanese law firm Mori Hamada Masumoto.

The Rs 10,000-crore agrochemical industry in India is one of Asia’s largest markets and is expected to attract many more multinational companies for inbound M&A, reported the Economic Times.

09 October 2014

Amarchand Mangaldas maintained its top spot in intelligence provider mergermarket’s M&A league rankings this quarter.

11 September 2014

vsn4qmyzDesai & Diwanji (D&D) Delhi head and corporate partner Sumes Dewan started up last week, having left the firm two months ago. His full service start-up law firm Lex Favios has offices in Bombay and Delhi, and has 15 lawyers, including him, with at least 10 years of experience working in various law firms.

20 August 2014

Desai & Diwanji partner Siddharth Mody acted for Aster DM Healthcare, which invested Rs 41 crore ($6.8m) in Sri Sainatha MultiSpeciality Hospital, which owns and manages the Prime brand of hospitals in Hyderabad.

Chennai-based VNS Legal partner Shiva Shankar acted for Sri Sainath.

The Desai & Diwanji team also included senior associate Ashraf Lala, and associates Rumma Panchmatia and Ankesh Jain.

26 May 2014

Desai & Diwanji advised Fidelity Capital in the sale of its equity in Laurus Labs, which was advised by Amarchand Mangaldas, to Warburg Pincus which was advised by AZB & partners.

16 May 2014

Desai & Diwanji, DSK Legal and Universal Legal reprised their roles in Aster DM Healthcare's second fundraising round.

Universal Legal Chennai partners Kavitha Vijay and Sameena Chatrapatty acted for DM.

On the repeat investor side, DSK partner Narendra Dingankar and associate Mayank Mehta acted for India Value Fund and Desai & Diwanji partner Siddharth Mody and associates Ashraf Lala, Manav Shah and Ankesh Jain acted for Olympus.

DM Healthcare raised a further $65m from Olympus and IVF, reported the Economic Times.

The same firms had also acted on the initial $100m investment in 2012, as reported by Legally India at the time.

31 March 2014

Leapfrog Investment bought a Rs 174 crore ($29m) stake in IFMR Capital Finance, advised by Desai & Diwanji and Trilegal.

03 February 2014

image Deals round-up of more than a dozen recent instructions.

31 January 2014

Amarchand Mangaldas maintained status quo as project finance leader for the third year running and reported a greater overall deal revenue since last year, according to data provider dealogic’s year end table for 2013.