DSK Legal
DSK Legal Mumbai partner and co-founding member of 14 years, Raksha Kothari, has resigned.
The 305-page judgment that overturned the drunk driving conviction of Salman Khan has been uploaded on the Bombay high court website.
Shardul Amarchand Mangaldas acted for Blackstone on its sale of shares in the Rs 500 crore ($75 m) initial public offer (IPO) of fragrance maker SH Kelkar & Co which was advised by DSK Legal. Khaitan & Co and Jones Day advised the IPO’s book running lead managers JM Financial Institutional Securities and Kotak Mahindra Capital Company.
Indian Law Partners (ILP) advised Toshiba Corporation which bought Rs 400 crore ($60.7m) worth of shares in Noida based water services company UEM India from India Value Fund (IVF) and UEM’s promoter Krishnan Kshetry. IVF was advised by DSK Legal and Kshetry was advised by Amicus Services.
ILP partner Gopika Pant, senior associate Vineet Gupta and associate Sehar Aijaz acted for Toshiba.
Amicus partner Shivi Agarwal acted for Kshetry and DSK partner Narendra Digankar and manager Rishabh Mastaram acted for IVF
The Rs 400 crore sale now leaves IVF’s stake in UEM at 20 per cent, reported the Economic Times adding that Toshiba had already bought 26 per cent in UEM in March 2014.
DSK Legal managers Hemang Parekh, Pragya Dhamija and Chandrima Mitra have been promoted to associate partner while no full partners were made this year, reported Bar & Bench.
Parekh and Dhamija specialise in corporate, while Mitra focuses on media and entertainment.
DSK Legal advised Klenzaids Contamination Controls in selling 49 per cent stake to Robert Bosch Investment Nederland which was advised by Khaitan & Co.
DSK Mumbai co-founding partner Anand Desai, managing associate Pragya Dhamija and associate Prachi Garg acted for Klenzaids, which has a turnover around around EUR 6m, reported trade magazine BioSpectrum.
Khaitan Mumbai partners Rabindra Jhunjhunwala and Niren Patel acted for global Bosch Packaging Technology which has a global turnover of EUR 1.1bn.
In the Bosch-Klenzaids joint venture that will employ around 380 staff Klenzaids will contribute its expertise in clean-room and processing technologies and peripheral systems, and Bosch will take care of innovative filling technologies.
J Sagar Associates (JSA) advised and assisted NIIT Technologies on investing for 51 per cent stake in Incessant Technologies which was advised by DSK Legal.
JSA partner Lalit Kumar, senior associate Bharati Joshi and associate Ritika Arora acted for NIIT Technologies.
DSK partner Ajay Shaw and manager Salma Curmally acted for Incessant.
The deal was worth around Rs 250 crore, reported Mint.
The Delhi high court has designated six new senior counsel today, according to two authoritative sources.
DSK Legal won against Economic Laws Practice (ELP) in the finals of the seventh ELP Masters Cricket Cup between Mumbai law firms, held on Sunday 22 February at the Police Gymkhana Cricket Ground.
DSK Legal Delhi corporate, competition and litigation partner Balbir Singh has resigned from the partnership to begin counsel practise in Delhi.
DSK Legal advised Kancor Ingredients in selling a majority stake to French company Mane SA, Switzerland which was advised by Crawford Bayley.
DSK managing partner Anand Desai with partner Ajay Shaw and senior associates Pragya Dhamija and Aditee Mohta acted for Kancor.
Crawford partner Sanjay Asher acted for Mane, which is an associate of V Mane Fils in France. Asher was assisted by principal associate Bhumika Batra and associates Sachita Shetty and Sanskriti Relekar.
The domestic food and beverages supplier Kancor entered into a joint venture with V Mane to develop export products, reported the Business Standard.
Senior counsel Iqbal Chagla told the Bombay high court in his closing remarks that his client Cyril Shroff would be filing an affidavit showing the “deep involvement” of his brother in the will.
DSK Legal has doubled its office space in Pune within six months of opening up in the city, on the back of new large local corporate client accounts.
DSK Legal’s only partner in Bangalore, Ajesh Kumar Shankar, demerged his practice from DSK into AKS Law Associates in April, going independent again.
A Delhi high court judgment has ruled against the Income Tax Department but in effect upped the pressure on other Mauritius or overseas-based tax avoidance structures.