J Sagar Associates (JSA)
HSB Partners Chennai partner Varun Sriram has joined J Sagar Associates (JSA) in Chennai, reported Bar & Bench.
Sriram had been at HSB since graduating from Symbiosis Law School in 2006, followed by two two-year stints at Economic Laws Practice (ELP) and ALMT Legal before returning to HSB in 2012, becoming partner there in February 2014.
We have reached out to JSA, HSB and Sriram for comment.
Update: HSB partner TK Bhaskar commented: "We wish him all the best in his future endeavours."
Update 2: JSA managing partner Berjis Desai commented confirmed his joining as a retained partner.
JSA opened in Chennai in 2014 by merging with Vichar Partners.
J Sagar Associates (JSA) acted for Suprajit Engineering Limited, which bought 51 per cent of equity shares of Phoenix Lamps Limited from the Actis Group, which was advised by Platinum Partners and E&Y, followed by an open offer.
JSA Bangalore partners Murali Ananthasivan and Mary Julie John, and Delhi-based partner Amitabh Kumar acted for Suprajit, with senior associate Gautam Shahi and associate Rajashree Balasubramanian. Grant Thornton was the financial adviser to Suprajit.
Platinum Mumbai partner Gautam Bhat acted for Actis.
Both buyer and target are listed on the Bombay Stock Exchange and the National Stock Exchange. SEL is a supplier of cables and components to overseas and domestic customers in the automotive and non-automotive sectors. Phoenix is the largest manufacturer of automotive lamps in India and has three subsidiaries in Europe, according to a JSA release.
SEL acquired 51% equity shares in a first tranche and will complete acquisition of the remaining non-public shareholding of Phoenix in a subsequent tranche post-completion of an open offer, reported Moneycontrol.
Karvy Investor Services acted as adviser to the open offer, without the law firms advising.
J Sagar Associates (JSA) and Covington Burling advised the world’s largest brewer Anheuser-Busch InBev on its exit from a joint venture with RJ Corp, which was advised by Dua Associates.
JSA partner Upendra Nath Sharma, senior Associate Rishabh Gupta and associate Ritunjay Gupta with intermitten strategic inputs from JSA chairman and founder Jyoti Sagar acted for the Belgium-headquartered brewery, which will now operate through Crown Beers India.
Dua partner Himanshu Narayan, manager Amarta Roy and associate Shloka acted for RJ Corp.
The deal will allow Anheuser-Busch InBev, whichhas over one-fourth of the world’s market share for beer including brands such as Budweiser, Corona, Stella Artois, Beck’s, Leffe and Hoegaarden, to expand in India independently through additional brand investment and capacity expansion, explained JSA in its press release.
AB InBev will exit the joint venture, paying anywhere between $100m and $150m to Ravi Jaipuria-owned RJ Corp, reported Mint.
As managing partner Berjis Desai’s exit nears and after the departure of senior Mumbai rainmaker Akshay Chudasama, concerns mount over the firm holding on to its democratic structure and how it can remain competitive for the next 25 years.
And if you’ve read the article in Mint already, click through for additional interesting transcripts from the interview.
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.
Four J Sagar Associates (JSA) salaried partners - Ashoo Gupta, Mithun Thanks, Ashni Roy and Gaurav Singhi – and around 13 to 14 other fee-earners will be joining senior JSA partner Akshay Chudasama in his move to manage Shardul Amarchand Mangaldas’ Mumbai office.
Akshay Chudasama, senior partner in J Sagar Associates (JSA) Mumbai, has handed in his notice and will be Shardul Amarchand Mangaldas’ new Mumbai managing partner.
Shardul Amarchand Mangaldas is in advanced discussions with senior J Sagar Associates (JSA) Mumbai partner Akshay Chudasama to head its Mumbai office but nothing concrete has been signed or agreed between the parties according to several authoritative sources.
Venture Intelligence, which tracks private equity transactions “involving India-based companies” has published its ranking for the first quarter of 2015.
In the business of law, the limited resource is not raw materials, marketing budgets or factory output capacity; it is literally the available time of a firm’s lawyers.
If all you care about are the top spots, not much has changed in the rankings of the 40 leading corporate Indian law firms that London-based RSG Consulting has produced since 2008.
J Sagar Associates (JSA) promoted 23 associates to senior associate level across all offices and promoted one consultant to of counsel in addition to having made four new salaried partners effective 1 April.
J Sagar Associates’ (JSA) intellectual-property-sister firm K&S Partners has promoted four to equity partner level.
In what will possibly have been its last quarter of existing as a single firm, Amarchand Mangaldas again acted on the most valuable M&A deals though AZB & Partners emerged as the firm with the largest number of recorded transactions.
GNLU Gandhinagar has already placed a total of 24 students on its Day Zero held yesterday, out of a batch of 155, of whom 115 took part in the recruitment process.
The firm of former AZB & Partners CEO Abhijit Joshi, Veritas Legal, has advised German specialty chemicals company Evonik on its acquisition of Mumbai-based catalyst supplier Monarch Catalyst, which was advised by J Sagar Associates (JSA) partner Sandeep Mehta.
The value of the purchase of the family owned company founded in 1973 was not disclosed. It is expected to close in the first half of 2015, reported Mint.