DSK Legal

DSK Legal has grown to 22 partners, promoting 3 from associate to salaried partner level, while making five new associate partners, a designation that is equivalent to partner designate and just below salaried partner.

DSK Legal assisted Bharat Forge in the drafting, reviewing, negotiating and revising of the transaction and closing documents and was represented by partner Narendra Dingankar and senior associate Varun Shah.

DSK Legal has hired former Cyril Amarchand Mangaldas director Padmini Rathore as its chief executive officer (CEO), in tandem to introducing a lot of internal changes targeting internal growth and a Bangalore office.

“Mid-market private equity firm Gaja Capital and global PE buyout specialist KKR have jointly led a Rs 980-crore investment in Avendus Capital, as the domestic financial services firm looks to scale up its asset management and newly-launched credit businesses,” reported the Economic Times.

Auto-ancilliary major Precision Camshafts (PCL) has announced its acquisition of 95% stake in Nashik-based precision component maker MEMCO Engineering for an undisclosed amount, as reported by The Economic Times and VCCircle.

Engineering major, Larsen & Toubro (L&T) has entered into a definitive agreement for the divestment of its entire stake in its unlisted and wholly owned subsidiary L&T Cutting Tools, to IMC International Metalworking Companies BV, owned by the Warren Buffett-led Berkshire Hathaway Inc. for Rs. 174 cr ($27.18 million USD) as reported by Business Standard, Livemint and others

Indian insurance company Global Insurance Services Brokers Private Limited and its promoters Prabodh Thakker and Sunita Thakker have acquired the entire stake of 26% of Aon Holdings BV in their Indian insurance JV broking company, Aon Global Insurance Brokers Private Limited, for an undisclosed amount, as reported by The Economic Times and The Insurance Insider. Post the acquisition, the name of the company has been changed to Global Insurance Brokers Private Limited.

Kirloskar Oil Engines Limited, manufacturers of diesel engines, gensets and agricultural pumpsets, have entered into an agreement to acquire a majority stake of 76% in La-Gajjar Machineries Pvt. Ltd., the maker of Varuna and Raindrop brands of electric pumps, as reported by Livemint.

Asian Legal Business (ALB) magazine last month released a listing of Asia’s biggest law firms, including a round-up of the 25 largest Indian firms by total headcounts.

The Supreme Court on Tuesday admitted a plea by the Maharashtra government challenging the acquittal of Hindi film star Salman Khan in a 2002 hit-and-run case.

DSK Legal has promoted Munaf Virjee, Maneesh Upadhyay, and Sagar Kadam to its partnership, with Pritha Jha and Vikrant Negi getting elevated to associate partner level.