Khaitan & Co
Khaitan & Co associate partner Deepto Roy will join the firm to be started by Amarchand Mangaldas Delhi partner Shardul Shroff in Mumbai.
Khaitan & Co associate partners Iqbal Khan in Mumbai and Harsh Kumar in Delhi have been poached by Amarchand Mangaldas co-managing partners Shardul and Cyril Shroff respectively, who are setting up offices in each others’ territories.
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.
Khaitan & Co has increased the base remuneration paid to freshers from Rs 13.2 lakh per year (as revised in 2014) to Rs 14.4 lakh per year plus an annual bonus of Rs 1.8 lakh.
Khaitan & Co has become “the first Indian law firm to reach the milestone of 100 partners”, according to a press release from the firm.
Advocate Deepak Khosla has filed a writ in the Calcutta high court to get Khaitan & Co to drop “& Co” from its name and for the high court to dismiss 20 years of pending and disposed of cases in which the firm acted.
Khaitan & Co has cut down its working week to Monday to Friday, while increasing the daily working hours by one hour from 1 March.
Khaitan & Co Mumbai-based partner Haigreve Khaitan has said that the family’s Swiss HSBC Bank account was set up as a way of legally and transparently diversifying their investments abroad but was closed after only a few years.
Khaitan & Co advised BMM Cements and its promoters on their Rs 560 crore ($90m) buy of Sagar Cements, which was advised by Tatva Legal.
Khaitan Bangalore partner Ganesh Prasad acted for BMM Cements. Tatva Hyderabad partners Shailendra Komatreddy and Rajeev Reddy acted for Sagar Cements.
The deal was approved by Hyderabad-based Sagar’s board of directors In September.
J Sagar Associates (JSA) and AZB & Partners advised the promoters of Curatio Health Care on the Rs 95 crore sale of 33.36 per cent of its stake to Sequoia, which was advised by Khaitan & Co and Themis Law Associates.
JSA Chennai partner Aarthi Sivanandh, senior associate Tamara Devanandan and associates Revathi Muralidharan, Sahana Raghunathan and Bharath Sridhar and AZB Mumbai partner Essaji Vahanvati and associate Manan Mehta acted for the promoters.
Khaitan Bangalore partner Ganesh Prasad and associates Vineet Shingal and Mukund Thirumalai Srikanth together Themis senior associate Ashwani Verma and Dheeraj Khanna and associate Hardik Bhatia acted for Sequoia.
Sequoia has made 12 healthcare investments in India, including this deal, spread across verticals such as diagnostic services, healthcare IT, patient services, pharmaceuticals, and product development services, reported the Times of India.
Luthra & Luthra and Clifford Chance advised CLSA India, Citigroup Global Markets India, Credit Suisse Securities (India), ICICI Securities, Kotak Mahindra Capital Company and IDFC Securities as joint book running lead managers on CESC’s $80m qualified institutional placement (QIP) of 7.6m shares, which was reported Mint and others. CESC was advised by Khaitan & Co.
Luthra Mumbai capital markets partner Manan Lahoty and Clifford Chance Singapore partner Rahul Guptan acted for the lead managers on the Rule 144A/Regulation S QIP of 7,621,118 equity shares at a price of Rs 644 per equity share.
Khaitan Mumbai executive director Sudheer Bassi and partner Nikhilesh Panchal acted for the power utility.
Amarchand Mangaldas partner Abhimanyu Bhattacharya, who resigned in July, has now joined Khaitan & Co as expected and as first reported by Legally India at the time.