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Nishith Desai Associates

27 April 2018

Sunil Mittal-led mobile infrastructure major Bharti Infratel has announced the merger with Indus Towers to create a combined entity with an equity value of Rs 96,500 crores ($14.6bn), making it the world’s second largest telecom tower company after Beijing-owned China Tower, with more than 163,000 towers and having presence in all the 22 circles in India, reported Business Standard and Mint.

07 March 2018

As expected, after we had broken exclusively last week that Cyril Amarchand Mangaldas (CAM) had been visited by the Central Bureau of Investigation (CBI) about Nirav Modi, the mainstream media, keen on anything NiMo-related at the moment, didn’t take long to jump on the story.

27 November 2017

In the latest bi-annual rankings compiled by consultancy RSG India, AZB & Partners has topped the table ahead of Shardul Amarchand Mangaldas (SAM) and Cyril Amarchand Mangaldas (CAM), which had topped the table in 2015 when still united in one firm as Amarchand Mangaldas before their break-up (see full table below).

09 November 2017

Former Nexus Venture Partners vice president legal Harshita Srivastava has joined Nishith Desai Associates (NDA) in Mumbai to head its venture capital (VC) practice.

26 October 2017

Former Nishith Desai Associates (NDA) consultant and 2011 GLC Mumbai graduate Prateek Bagaria has started up law firm Singularity Legal.

21 September 2017

"Budget-hotel tech company Treebo has raised Series C funding of $34 million led by Hong-Kong based investment firms Ward Ferry Management and Karst Peak Capital. Existing investors SAIF Partners, Bertelsmann India Investments and Matrix Partners also participated in the round," reported Your Story.

21 July 2017

"KKR, one of the largest PE investors in the world, signed a definitive agreement on Monday to invest $200 million for a 49% stake in Radiant Life Care," reported the Economic Times.

03 July 2017

"The initial public offering of Central Depository Services Ltd (CDSL) received bids for 170 times the number of shares on sale, making it the most attractive IPO in nearly 12 years. The public offering of 24.83 million shares – excluding the anchor investors’ portion – got bids for nearly 52 million shares, stock-exchange data showed at the end of bidding on Wednesday. This translates into bids worth Rs 62,653 crore ($9.7 billion)," reported VC Circle.

29 May 2017

“Private equity firm Warburg Pincus LLC part-exited Capital First Ltd by selling a 25% stake in the non-banking financial company (NBFC) through open market transactions on Wednesday, according to a stock exchange filing. Cloverdell Investment Ltd, an affiliate of Warburg Pincus, sold the stake to marquee global and domestic investors, including Singapore’s sovereign wealth fund GIC,” reported Mint.

23 May 2017

“Paytm has raised $1.4 billion from SoftBank Group Corp. in the largest funding round by a single investor in India, making the digital payments firm the Japanese company’s biggest bet in India’s start-up ecosystem. The deal includes $400 million worth of shares that SoftBank will buy largely from Paytm’s early investor SAIF Partners in a secondary transaction, and a minor stake from founder Vijay Shekhar Sharma, according to two persons close to the development,” reported Mint.

31 March 2017

Nishith Desai Associates Huzefa Tavawalla along with Kartik Maheshwari and Poonam Sharma acted as Indian and transaction counsel for CLIENT:: Zensar ;;.

19 January 2017

I-Nurture Education Solutions Private Limited, a higher educational services company, has entered into a joint venture agreement with Galileo Global Education France Sas, which is the largest higher education company in France and Europe.

11 January 2017

News Corp-backed real estate portal PropTiger said on Tuesday that Mumbai-based Housing.com will merge with it in an all stock deal, and that it will receive $50 million in fresh funds from News Corp.’s REA Group Ltd and $5 million from SoftBank Group.