L&L Partners
Luthra & Luthra has hired FoxMandal Little corporate partner Vineet Aneja in Delhi.
Luthra & Luthra is continuing its run of on-campus hires after visiting NUJS Kolkata and making further offers to NALSAR Hyderabad students, with the firm set to visit and recruit from NLSIU Bangalore next week.
Freshfields Bruckhaus Deringer has worked with J Sagar Associates (JSA) as counsel to energy major BP selling around Rs 460 crore ($95m) of Indian windfarms to private equity-backed Green Infra, which was advised by Luthra & Luthra.
Luthra & Luthra is advising ArcelorMittal on its Rs 500 crore ($103m) stake acquisition in Mumbai-based Steel company Uttam Galva Steels.
Luthra & Luthra has hired two more India-returnees, making up four international hires in only three months. Ashwin Sapra joins as a group head from an in-house position at a US pharmaceutical company and Piyush Mishra has rejoined the firm as a group head from Allen & Overy (A&O).
A raft of law firms have picked up mandates on the four latest initial public offer (IPO) proposals to be filed with the Securities and Exchange Board of India (SEBI), with Amarchand Mangaldas taking two issuer mandates, Luthra & Luthra acting for one company and Rajani Associates for the fourth.
Luthra & Luthra has advised long-standing client NDTV in the Supreme Court against allegations that its so-called BMW hit-and-run case sting operation was in contempt of court and amounted to "trial by media".
Luthra & Luthra has hired an Amarchand Mangaldas senior associate, as targeting expansion in Bangalore. The firm also paid out bonuses last week and increased base salaries earlier this year but it has delayed its announced lockstep conversion process until the end of the year.
Luthra & Luthra and S&R Associates acted as Indian counsel in Indian mining company Sterlite Industries' $1.5bn (Rs 7,200 crore) equity fundraising, with Latham & Watkins and Shearman & Sterling handling the international advice.
Luthra & Luthra, India Law Services and Amarchand Mangaldas have leapfrogged to the top of global project finance deal rankings over the last six months, benefiting from Indian project finance deals rising by 158 per cent against the same period last year to almost $32bn (Rs 154,000 crore).
Kanga & Co Mumbai partner Dhaval Vussonji is leading the team for the original bidder Bharati Shipyard, which already owns a 19.5 per cent stake in Great Offshore.
The Competition Commission of India has begun its first cartel investigation since it was granted full powers, following Luthra & Luthra's petition on behalf of the multiplex cinemas over their long-running dispute with Bollywood film producers and distributors.
Luthra & Luthra partners have agreed to completely overhaul their management and partnership structure, which will see up to six current salaried partners enter the newly opened equity on a lockstep system.
J Sagar and Associates (JSA) and Luthra & Luthra have completed the Rs 1,750 crore ($368m) takeover of mining company Dempo Group by London-listed Vedanta Resources subsidiary Sesa Goa.
Amarchand, Ashurst and Luthra & Luthra have restarted their work on the exhumed Oil India initial public offering (IPO), which the government hopes will fill its coffers by up to Rs 2,400 crore ($500m).
Luthra & Luthra advised a consortium of banks on their Rs 14,550 crore ($3.1bn) project financing of the Sasan Ultra Mega Power Project for Reliance Power.
Reliance handled the transaction entirely with its in-house legal team of seven, led by its head of legal Umesh Mooteri.
Luthra & Luthra Delhi project finance head Sameen Vyas and Mumbai banking head Vijaya Rao (pictured) co-led the team for State Bank of India and a consortium of 11 other lenders.
Luthra & Luthra is ramping up its Mumbai capital markets practice after hiring alumnus and new group head Manan Lahoty from US firm Shearman & Sterling in London.
Lahoty (pictured) will lead the Mumbai capital markets team of five associates, reporting to capital markets partner Madhurima Mukherjee in Delhi and her team of 10 lawyers.
Until now, Mukherjee had managed the Luthra & Luthra Mumbai team from Delhi but she admitted that this was difficult to do from a distance. "When Manan wanted to come back the logical choice was to send him to Bombay," she said.
National Law School of India University (NLSIU) Bangalore may expand internationally, as it plans to grow and modernise under the guidance of a new advisory board.
The advisory board will include managing partners from Amarchand & Mangaldas & Suresh A Shroff & Co, AZB & Partners and Luthra & Luthra, as well as one of the legendary co-founders of Infosys and a host of other prominent industry figures.
NLSIU vice-chancellor Venkata Rao (pictured) said that while international expansion will be on the agenda, decisions would only be made once the new board is fully constituted and has had its first meeting in July or August of this year.
Amarchand & Mangaldas & Suresh A Shroff & Co has poached two Mumbai partners from competitors as it hopes to widen its partnership.
The firm has hired Luthra & Luthra corporate partner Ashish Jejurkar and Mulla & Mulla & Blunt & Caroe infrastructure partner Tushar Mavani.
Amarchand managing partner Cyril Shroff (pictured) told UK legal magazine The Lawyer: "These two people have the right temperament and drive to be part of our vision.