“State-owned Power Finance Corporation (PFC) has signed a share purchase agreement to acquire all 52.63 per cent shares of the government in Rural Electrification Corporation (REC) for about Rs 14,500 crore,” reported Yahoo about the PSU sale. Cyril Amarchand Mangaldas advised REC Limited led by a t...

L&L Partners, formerly known as Luthra & Luthra, has re-launched its website to now include a list of partners in each practice area, after it had for a long time maintained a fairly basic online presence (excepting its activity on Facebook, of course).

After leaving partnership in Big Law in 2015, Deepak Joyce spent two-and-a-half years starting up a business in the construction space. One year ago, in April 2018, he returned to the legal fold and set up Joycelaw in Gurgaon as a sole practitioner, so far, focusing on advising start-up founders as well as some work for funds.

The deal represents an investment by TNB Topaz Energy Sdn. Bhd., a subsidiary of Tenaga Nasional Berhad, of up to INR 2,256,010,000 by way of subscription to compulsorily convertible debentures and equity shares issued by GMR Bajoli Holi Hydropower Private Limited, according to reports . “GMR Infras...

“Logistics startup, Delhivery has raised $413 million in its latest round of equity financing led by SoftBank’s Vision Fund, the Gurgaon-based company announced on Sunday. The transaction has also seen participation from Delhivery’s existing investors, bulge-bracket private equity firm Carlyle Group...

“The country’s leading packaged consumer goods major, Patanjali Ayurved, won the approval to take over edible oil firm Ruchi Soya on Tuesday. The committee of creditors (CoC) of the debt-laden firm voted in favour of Patanjali Ayurved’s Rs 4,350-crore bid,” reported Business Standard about the insol...

It is well known that nearly every Supreme Court case is in want of an advocate-on-record (AOR), and several lawyers and law firms have made this a core part of their Supreme Court practice. After analysing more than 120,000 of the Supreme Court’s daily orders from 2018, we have now compiled a list of the busiest advocate-on-record (AOR) firms in the apex court, according to the number of orders mentioning their names.

Pathology chain Metropolis Healthcare’s initial public offering (IPO) has seen major investor interest, raising Rs 1,204 crore, reported Mint and others. It is one of the few IPOs this year, in what has been a muted time for IPOs in the Indian capital markets. Khaitan & Co acted for the issuer,...

Nalsar Hyderabad’s 2020 graduating batch has kicked of its first day of recruitments (also popularly known as Day Zero), on 6 April, with students having already sewn up 23 pre-placement offers (PPOs) and a total of 8 prestigious vacation schemes and/or training contracts with foreign law firms.

L&L Partners Delhi-based private equity and corporate partner Vishwanath Pratap Singh is leaving the firm, we have confirmed from several sources.

Deepak Kumar Thakur has joined L&L Partners in Mumbai as a partner in its projects practice from HSA Advocates, where he was also a partner.

“Welspun Corp to sell assets worth Rs 940 crore: The company has signed agreement with Laptev Finance to sell its plates and coils mill division for Rs 848.5 crore. The business transfer agreement (BTA) was executed between the two parties on March 31,” reported Mint . Khaitan & Co advised Wels...

RiceTec AG through its Indian subsidiary (Savannah Seeds Private Limited) acquired the paddy seed business of Ganga Kaveri Seeds Private Limited, according to reports . “RiceTec Acquires Assets from Ganga Kaveri Seeds: RiceTec AG has announced the acquisition of the rice seed assets of Ganga Kaveri ...

L&L Partners (formerly known as Luthra & Luthra) has hired ex-judicial magistrate from Jharkhand, Kanchan Jasmin Toppo, as a senior associate, Bar & Bench has reported exclusively.

Neha Sinha, who was made partner at L&L Partners (formerly Luthra & Luthra) in 2017, has joined Shardul Amarchand Mangaldas in a boost to its corporate practice, together with Trilegal counsel Karun Prakash, who is joining as a partner designate.

“Lighthouse invests $15.8m for minority stake in Nykaa, TVS Shriram exits: Earlier this year, Nykaa had raised Rs 160 crore through primary and secondary share sale with the participation of existing investors for growth capital and to expand retail footprint,” reported Dealstreetasia . AZB & P...

“IFC to back Lighthouse’s SPV to acquire stake in footwear firm Aqualite Ind: Lighthouse to invest Rs 2.5 bn to acquire minority stake in target firm, which has a strong presence in northern and easterm India, and can produce 300,000 pairs of fotwear a day,” reported Business Standard . Khaitan ...

“Radiant agrees to acquire control of Max Healthcare: The entity resulting from the Radiant-Max Healthcare acquisition will be India’s third largest hospital chain by revenue,” reported Mint . It would create the fourth-largest entity in the space by capacity, with over 3,200 beds in 16 hospitals ac...

L&L Partners 2014-litigation partner Anirban Bhattacharya has left to make it as an independent arguing counsel, as first reported by Bar & Bench.

“Tata Steel completes Rs 35,200 crore purchase of bankrupt Bhushan Steel: Tata Steel said Rs 1,200 crore will be paid to operational creditors of BSL over a period of 1 year as per their admitted claims and terms of resolution plan,” reported The Economic Times about the $7.3bn insolvency deal from ...