Khaitan & Co

“Zee Entertainment Enterprises picked up about 12.5 % stake in Bengaluru-based Tagos Design Innovations,” reported Inc42.

Fast food chain Wow! Momo today said it has raised Rs 44 crore in Series B funding from venture capital firm Lighthouse Funds and angel investor group Indian Angel Network (IAN). The latest round of funding led by Lighthouse Funds, which invests in mid-market consumer-driven firms, values the company at Rs 230 crore, the Kolkata-based firm said in a statement. Besides, it also provided “a highly profitable” exit to the tune of Rs 10 crore to some of the IAN investors who decided to sell their shares partly/completely to Lighthouse, it added.

“Awfis Space Solutions, a start-up that provides shared workspaces, has raised $20 million from Sequoia Capital India to fund its expansion plans.” reported Mint.

NUSRL Ranchi placed 26 students out of 40 who participated in the campus recruitment offered to 94 students graduating in 2017, steering entirely clear of Legal Process Outsourcing (LPO) jobs this year. One out of the 40 participants found a job independently.

“E-commerce logistics services provider Delhivery has raised $30 million from Chinese conglomerate Fosun International. This additional investment is a part of the $100 Mn funding the company raised in March from The Carlyle Group, as indicated by ETTech. The company currently services 800 cities, 9000 pin codes with a network of 12 fulfilment centres. Delhivery claims it fulfils 10 million shipments a month,” reported Medianama.

Under Taj Hotels current general counsel Rajendra Misra, the iconic Taj Mahal Palace hotel in Mumbai is set to join the rare registered trademark category of what are known as “image marks”. The Louvre in Paris is another one.

“Canadian Private equity firm Clairvest Group and a consortium of investors have officially announced that they have acquired a majority stake in Head Infotech, the company that operates leading rummy website Ace2three for around $73.7 million (approximately Rs. 474 crores),” reported Glaws.

Khaitan & Co’s Calcutta partners and some of the firm’s current and one former associate have been summoned by the Calcutta high court to respond to perjury and criminal contempt allegations made against them by advocate Deepak Khosla on behalf of his client.

Khaitan & Co projects and energy, infrastructure and resources partner Upendra Joshi has resigned from the partnership it is understood, according to authoritative sources.

Link Legal India Law Services has hired Khaitan & Co Mumbai senior associate Alok Sonker as an associate partner in the corporate practice.

“Mumbai-based non-banking financial company (NBFC) InCred Finance, founded by former Deutsche Bank senior executive Bhupinder Singh, has secured $75 million in a funding round led by Deutsche Bank’s former co-CEO Anshu Jain. The latest investment is one of the largest fintech deals in India this year. The startup focusses on providing SME loans, home loans and education loans,” reported In Shorts.

“Terex Corporation is selling its India-based compact construction business to Manitou BF (Manitou). Manitou is a leader in all terrain material handling products. Terex Equipment Private Limited (TEPL) manufactures and sells backhoe loaders, engages in the sale of wheel loaders and contract manufactures and sells skid steer loaders,” reported Business Wire.

Khaitan & Co has inducted 11 new equity partners, 9 new associate (salaried) partners and 4 counsels in its annual promotion round, taking it up to a total of 115 partners and directors and 15 counsels.

Khaitan & Co’s Bangalore office has hired Nalina Mayegowda as a disputes partner from local Bangalore-headquartered Poovayya & Co, where she was also a partner.

Scoop: Khaitan & Co has poached Luthra & Luthra managing associate Nawneet Vibhaw as an associate partner in Delhi, where he will continue specialising full-time on environmental law as he had been doing at Luthra.

Cyril Amarchand Mangaldas has acted on $40.4bn worth of mergers and acquisition in the 2016 calendar year, according to researcher mergermarket, with AZB & Partners having recorded $30.1bn of M&A deals in the same period.

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.

"In an instance of an offline retailer buying an e-commerce property, Chinese handset retailer Beijing Digital Telecom has acquired 49% stake in Spice Online, the online retail arm of Spice Group, according to BSE filings.

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 seven largest law firms in India have grown their headcounts by an average of around 20% in the last one-and-a-half years. Of those, the fastest-growing such as Shardul Amarchand Mangaldas and Khaitan & Co, had expanded fee-earner headcounts by 45% and 35% respectively, while others such as AZB & partners’ partnership ballooned by 75%.