DSK Legal
DSK Legal has opened up in Pune, taking its national presence to four offices. The Pune office will be headed by Mumbai corporate partner Narendra Dingankar and will cater to corporate and real estate clients.
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.
The markets are picking up it looks like – here’s the round-up of what firms have been getting up to.
Indian Law Partners (ILP) and Ashurst acted for Japanese Toshiba in its investment in Delhi-based clean water solutions provider company UEM India.
The Competition Appellate Tribunal (Compat) has rejected an appeal by Jitendra Bhargava, a former executive director Air India, who complained that the Competition Commission had cleared the merger between the two airlines without a detailed assessment.
Deals round-up of more than a dozen recent instructions.
DSK Legal has appointed former Palladium Group South Asia head and director Rajesh Iyer as Chief Executive Officer (CEO) at the firm.
AZB & Partners dropped off data provider Merger Market’s half-yearly (H1) M&A league table despite reporting 21 deals – the highest among India’s top ten law firms.
DSK Legal promoted Munaf Virjee, Sagar Kadam and Maneesh Upadhyay as associate partners in its Mumbai office [Bar & Bench]
Permanent constitution bench: Chief Justice of India-designate P Sathasivam has advocated a permanent Constitution Bench for “authoritative pronouncements” on issues such as mercy pleas, to avoid conflicting views by smaller benches [NIE]
P&H Uncles: The Punjab and Haryana High Court has at least nine judges whose kin are appointed as law officers in Punjab and Haryana. The Haryana Lokpal and retired judges too have relatives in the offices of Punjab and Haryana Advocates-General [Tribune]
Hindu isn’t: The Supreme Court has asked the Centre to respond to a plea seeking deletion of a provision in the Constitution that treats Sikhs, Jains and Buddhists as Hindus for all legal purposes [BS]
CJI musical chairs: Sticking to the seniority rule has reduced the top judicial post in the country to a quick game of musical chairs, with one Chief Justice after another going through the motions without getting a chance to set their house in order, pendency mounts and allegations of corruption increase, argues the ET
GNLU court manag’t RTI: Kalpeshkumar Gupta, who is a GNLU Gandhinagar PhD student and an IIM Ahmedabad academic associate, has applied to the state RTI commissioner saying the Gujarat high court authorities have violated the Right to Information Act 2005, by barring information related to marks obtained by candidates in the screening test during the recruitment of court managers [DNA India]
DSK Legal advised Fortune 500 companies’ analytics provider Fractal Analytics in the Rs 150 crore ($25m) cash injection by private equity (PE) firm TA Associates, which was advised by Nishith Desai Associates (NDA) and Goodwin Procter.
DSK Legal Mumbai partner Tushar Ajinkya acted for Fractal.
NDA Bangalore partner Vaibhav Parikh and Goodwin Hong Kong partner Yash Rana acted for TA Associates.
PE firms invested about $2.3bn across 82 deals in this year’s second quarter, increasing by around 17.7% from last year in the same quarter when $1.98bn were invested across 114 transactions, according to the Business Standard.
AZB & Partners did the greatest number of deals (13) in the first quarter of this year, according to the mergermarket M&A deal rankings.
Breaking: Herbert Smith Freehills (HSF) and DSK Legal advised old-client Strides Arcolab in the $1.6bn+ sale of its injectables subsidiary Agila Specialties to Nasdaq-listed generic drugs-maker Mylan Inc.
DSK Legal advised India Value Fund Advisors’ (IVFA) trustee IVF Trustee Company in its Rs 1000 crore ($181m) investment in Bangalore-based Manipal Health Enterprises which was advised by Tatva Legal.
DSK Legal, with German law firm Luther LLP, advised Switzerland-based road construction equipment maker Ammann group in its Rs 280 crore ($51m) buy of 70 per cent equity in Gujarat’s Apollo group’s road-equipment business. Apollo was advised by Desai & Diwanji.
DSK Legal Mumbai partners Raksha Kothari and Nirav Shah with associates Karuna Thapa, Gaurav Mistry and Malabika Boruah, and Luther Frankfurt partner Jorg Sommer acted for Ammann which will form a 70:30 construction equipment joint venture (JV) with Apollo Earthmovers, according to DSK Legal.
Desai & Diwanji Mumbai partner Vihang Virkar with associate partner Aneesh Gupte acted for the Apollo Group.
The newly formed road-construction equipment JV – Apollo Construction Equipment (ACEL) - is valued at Rs 400 crore and Apollo group’s asphalt plants and the paver business will be transferred to ACEL on a slump sale basis, according to VC Circle.
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…