Naik & Naik’s equity partnership grew to five with the promotion of salaried partner Ravi Suryawanshi to equity, in its technology, media and telecommunication (TMT) practice.

Dua & Associates advised domestic private equity (PE) fund Aditya Birla Sunrise in its Rs 53.5 crore ($10m) investment in fine dining restaurant chain Olive Bar & Kitchen which was advised by Naik & Naik.