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Khaitan & Co

26 October 2015

J Sagar Associates (JSA) advised Reliance Capital (RCAP) on the Rs 1200 crore ($180m) sale of 14 per cent stake in Reliance Capital Asset Management (RCAM) to Japan’s largest life insurance company Nippon Life Insurance (NLI). NLI was advised by Khaitan & Co and Anderson Mori & Tomotsune.

JSA Mumbai partners Dina Wadia and Gautam Gandotra, senior associate Gagan Sharma and associate Upamanyu Talukdar acted for RCAP

Khaitan partner Niren Patel, senior associates Aravind Venugopal and Ritwik Kulkarni and associate Vidur Sinha and Anderson partner Ryo Kotoura and associate Masahiko Yasui acted for NLI

According to the press release, the stake sale would lead to change in controlling interest in RCAM according to mutual fund rules of the Securities and Exchange Board of India (SEBI) as NLI already had 35 per cent stake in RCAM This deal will trigger the exit option for various unit holders of various mutual fund schemes of Reliance Mutual Fund.

According to the report by TOI, this is the largest foreign investment in the mutual fund industry in India. Post the stake sale, Reliance MF will be renamed as Reliance Nippon MF

21 October 2015

Veritas Legal advised Recipharm AB, a Swedish pharmaceutical company on investing $103m (Rs 671.2 crore) in Nitin Lifesciences, an Indian pharma company which was advised by Khaitan & Co.

Veritas partner Partner Nandish Vyas and Associates Natasha Sethna and Tejasvi Saxena acted for Recipharm.

Khaitan Mumbai partner Kalpana Unadkat, senior associate Shweta Dwivedi and associate Bidya Mohanty acted for Nitin Lifesciences.

Recipharm, will buy 74 per cent in Nitin Lifesciences, reported Livemint

12 October 2015

Khaitan & Co and _Skadden, Arps, Slate, Meagher & Flom_ acted for clinical trial service provider Bioclinica in its aqcuisition of global pharmacovigilance, regulatory affairs and IT services provider Synowledge. Synowledge was advised by Goodwin Procter and Nishith Desai Associates (NDA).

Khaitan partner Rajat Mukherjee, executive director Daksha Baxi, associate partner Kabir Bogra, principal associates Monika Srivastava, Ritu Shaktawat and Sameer Sah, associates Nidhi Killawala, Sanchit Agarwal and Shreya Shree and Skadden Arps partner Robert Pincus, counsel Faiz Ahmad and associate Vincent J Cannizzaro acted for Bioclinica.

NDA partners Mansi Seth and Nishchal Joshipura and Goodwin partner Stuart Rosenthal and associate Oreste Cipolla acted for Synowledge.

Synowledge employs around 500 persons in North America, Europe, India and Japan. The founder of Synowledge, Sankesh Abbhi would serve as senior vice president and head of global safety and regulatory solutions at the merged entity reported Outsourcing Pharma.

08 October 2015

J Sagar Associates (JSA) advised renewable energy company BLP Energy on its $33.8m (Rs 220 crore) acquisition by Italy’s Enel Green Power which was advised by Khaitan & Co and Ashurst Singapore and Italy.

JSA partner Sidharrth Shankar and associates Prakriti Jaiswal and CV Srikant acted for BLP

Khaitan Mumbai partner Joy Jacob and Ashurst Singapore partner Keith McGuire acted for Enel.

This year US-based SunEdison and First Solar, Russia’s OAO Rosneft, China’s Trina Solar, Japan’s SoftBank and Taiwan’s Foxconn Technology have either invested or evaluated investing in the Indian renewables sector, reported Mint.

06 October 2015

Nishad Nadkarni will join the Khaitan & Co Mumbai office as an associate partner in its IPR team after resigning from Legasis Partners, reported Bar and Bench.

Nadkarni graduated from Symbiosis Law School in 1999 and has worked at firms such as Singhania & Co, AZB & Partners and DSK Legal before his stint at Legasis Partners.

05 October 2015

Sinha: Returns homeShardul Amarchand Mangaldas Mumbai-based lateral hire Abhishek Sinha, who was reportedly poached in April from Khaitan & Co where he was an associate partner, will return to Khaitan & Co as an associate partner, according to several authoritative sources.

30 September 2015

Calcutta callingKhaitan & Co Kolkata associate partner Sucharita Basu and principal associates Sanjay Basu and Anshumala Bansal left the firm on 19 September, to start up Aquilaw.

22 September 2015

cml0cbynShardul Amarchand Mangaldas (SAM) Delhi partner Nikhil Narayanan has left the firm.

16 September 2015

Khaitan & Co Mumbai associate partner Abhay Sharma will join Shardul Amarchand Mangaldas in Mumbai.

28 August 2015

Gammon India has sold nine Indian project companies of Gammon Infrastructure Projects to a subsidiary of US asset management giant Brookfield Asset Management for around Rs 563 crore.

05 August 2015

Bertelsmann India Investments did a follow-on investment with Goldman Sachs, Zodius Capital and Norwest Venture Partners in the operator of Indian furniture online shop Pepperfry.com, which saw a $100m financing round, reported Mint and others.

Pepperfry was advised by BMR Legal Bangalore partner Siddharth Nair.

S&R partners Rajat Sethi and Rachael Israel and associate Raya Hazarika acted for Bertelsmann.

Nishith Desai Associates Mumbai M&A practice co-head Simone Reis acted for Goldmans.

Khaitan & Co partner Siddharth Shah, associate partner Surbhi Kejriwal, senior associate Abhiraj Krishna and associate Aayush Tainwala acted for Zodius. They were assisted by partner Bijal Ajinkya and senior associate Aditi Mukundan on tax issues.

27 July 2015

Slovakian railway wagon manufacturer Tatravagoka AS, advised by Khaitan & Co, has acquired 50 per cent stakes in Jupiter Wagons and Jupiter Alloys and Steel, advised by Shardul Amarchand Mangaldas, in a deal reportedly worth Rs 100 crore ($15.6m).

Jupiter, which is one of India’s biggest railway freight car manufacturers, was advised by Shardul Amarchand Mangaldas partner Abhishek Guha, senior associate Aditya Mehra, and associate Roma A Das.

Tatravagonka drafted in Khaitan & Co Mumbai Mumbai associate partner Kartick Maheshwari on the transactional side, and associate partner Yigal Gabriel on the real estate side.

Deloitte Touche Tohmatsu India Private Limited acted as Jupiter's financial adviser, while Alpen Capital acted for Slovakian company as its financial adviser.

Jupiter Wagons and Jupiter Alloys and Steel are set to be merged after this transaction completed on 14 July.

21 July 2015

Khaitan & Co overtook Amarchand Mangaldas in data provider mergermarket’s half-yearly (H1) M&A charts by value, with the first quarter of Amarchand functioning as the split firms of Cyril Amarchand Mangaldas (CAM) and Shardul Amarchand Mangaldas (SAM). AZB & Partners maintained its deal volume lead which it has claimed for two consecutive years.

20 July 2015

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.

15 July 2015

Justice Aniruddha Bose created history today when Calcutta high court room 24, outfitted with a permanent video camera and microphone for the occasion, recorded the proceedings of advocate Deepak Khosla, which Khosla claims is the first time this has happened in a high court.

08 July 2015

Ud: Focussing on Chennai from BangaloreLitigator Udayarkar Rangarajan has joined Khaitan & Co as an associate partner based in Bangalore, from where he will focus on building the practice in Chennai.