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.