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IndusLaw

07 April 2017

“BlackBuck, the B2B intercity logistics startup, has raised Series C funding of $70 million in a round led by Sands Capital. Among existing investors, Accel and Flipkart participated in this round, while Tiger Global and Apoletto did not.

12 January 2017

IndusLaw has hired Sandeep Grover as a partner in litigation from Shardul Amarchand Mangaldas, where he was a principal associate in Delhi.

12 January 2017

"Gurgaon-based developer Vatika Group on Friday secured Rs 700 crore funding from Altico Capital and has closed the first tranche of Rs 475 crore,” reported Mint.

11 January 2017

News Corp-backed real estate portal PropTiger said on Tuesday that Mumbai-based Housing.com will merge with it in an all stock deal, and that it will receive $50 million in fresh funds from News Corp.’s REA Group Ltd and $5 million from SoftBank Group.

21 October 2016

"Canadian Solar Inc. and China’s Unisun Energy Group bought 49 per cent stakes in solar projects being developed by Suzlon Energy,” reported Mint.

12 October 2016

Khaitan & Co topped the list of 13 domestic law firms’ M&A mandates by value of deals done with $18.7bn worth of transactions, followed by AZB & Partners which topped the list of deals by value, with 43 transactions worth $15.4bn.

30 September 2016

Legasis Partners advised deals and discounts website Nearbuy in raising Rs 15 crore ($2.25m) from non-banking financial company Blacksoil which was advised by IndusLaw.

20 September 2016

"PayU Global, the digital payments provider owned by South Africa’s Naspers Group, will buy rival Citrus Pay for $130 million in an all-cash deal. PayU India will have more than 30 million customers post the acquisition of Citrus Pay. The company forecast it will process an estimated 150 million transactions, worth $4.2 billion, in 2016. The deal, once concluded, is expected to provide an attractive exit to Citrus Pay’s investors—Ascent Capital, Beenos and Sequoia Capital. PayU confirmed that the early investors will exit but declined to disclose details,” reported Mint.

12 July 2016

Cyril Amarchand Mangaldas has topped the list of 13 domestic law firms’ M&A mandates by value of deals done with $6.2bn worth of transactions, followed by AZB & Partners and Vaish Associates, with stronger performances across the board than at the same time last year.

23 June 2016

IndusLaw and Gibson Dunn advised Amplus Energy Solutions and I-Squared Capital on their acquisition of various SunEdison Special Purpose Vehicles (SPV) developing and operating around 7 MW rooftop solar power assets in India. SunEdison was advised in house.

15 June 2016

IndusLaw has hired RDA Legal corporate partner and Mumbai office head Anupam Prasad as a corporate partner.

02 May 2016

IndusLaw promoted principal associate Nikhilesh Rao to partner in its litigation and disputes practice in Bangalore. The firm also made seven new principal associates and three new senior associates.

27 January 2016

IndusLaw has hired RDA Legal Bangalore partner Avik Biwsas as a partner in its Bangalore office with his team of associates Shrutika Umarji, N Guruprasad, Jaya Shruthi and Amrutha Bhat.

09 January 2016

HSA Advocates partners Navin Syiem and Avirup Nag have resigned from the firm alongside associate partner Abhishek Bhalla.

24 November 2015

IndusLaw advised Olacabs on raising $500m (Rs 3,320 crore) from 15 investors, some of which were advised by Nishith Desai Associates (NDA), Cyril Amarchand Mangaldas (CAM) and foreign law firms Goodwin Proctor, Gunderson Dettemer, Morrison & Foerster, Ropes & Gray and Fangda Partners.

09 November 2015

IndusLaw added Ray Vikram Nath – a registered foreign attorney in Japan – to build its Japan practice. Nath joins Indus Delhi as a senior associate.

03 November 2015

AZB & Partners advised former Vodafone CEO Arun Sarin and his family on their acquisition of a minority stake in ANI Technologies which runs taxi app Ola. Ola was advised by IndusLaw.

AZB Delhi partner Anil Kasturin and senior associate Jaishree Tolani acted for Sarin who, as Mint reported, is joining Ola as an independent director.

Indus declined to comment but it is understood that Noida partner Gaurav Dani led the deal for Ola.

Founded in January 2011 by two IIT Bombay alumni, Ola currently plies over 20,000 vehicles in over 100 Indian cities, is backed by investors such as DST Global, GIC, Falcon Edge Capital, SoftBank Group Corp., Tiger Global Management LLC, Steadview Capital and Accel Partners, acquired rival TaxiForSure this year in a deal worth $200m, and is being investigated for predatory pricing allegations in the Competition Commission of India, even as the Delhi high court imposed a ban on it.

17 September 2015

Indus Law advised India’s third-largest drug maker Cipla on its Rs 90 crore ($13m) buy of cosmetics maker Percos india’s brand rights. Percos was advised by N South Law Associates.

Indus partner Nishant Singh, senior associate Aditi Verma Thakur and associates Vaibhav Ganjiwale, Ramya Sridhar and Chhavi Jhanji acted for Cipla on the deal which, according to Business Today was valued at Rs 90 crore.

N South Law partner Inderraj Gill acted for Percos India which manufactures a wide array of skin care products.

According to the agreement signed by the two companies, Percos will continue to manufacture the products for five years, after which the rights will be transferred to Cipla, as confirmed by the Economic Times.

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