PDS & Associates

PDS & Associates has acted for steel maker Mukand Limited in its Rs 160 crore rights issue, which was filed with the Securities Exchange Board of India (SEBI), the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) last week. Board approval was granted in June.

PDS Mumbai partner Sajid Mohamed advised Mukand, assisted by principal Abhishek Misra who had joined the firm two months ago from SA Partners – a start-up he set up in 2010. PDS & Associates is the corporate advisory arm of PDS Legal, which specialises in tax advisory. Both firms work closely with Ernst & Young (E&Y).

Economic Laws Practice (ELP) litigation head and equity partner Tarun Gulati has resigned with around 11 associates in Delhi.

PDS & Associates and DLA Piper advised Indian conglomerate PCM Group in its €36m (Rs 255 crore) acquisition of German international railway equipment conglomerate Rail One whose shareholders were advised by Hogan Lovells.

PDS & Associates Mumbai partner Sajid Mohamed, with DLA Piper Germany partner Benjamin Parameswaran and counsel Isaschar Nicolaysen and a raft of other DLA partners acted for the Siliguri-based Indian private company in acquiring the 118-year old German giant.

Hogan Lovells Berlin-based partner Jörg Meissner acted for Rail One shareholders. The €150m company with plants in Germany, Romania, Saudi Arabia, Spain and South Korea was acquired for €36m reported the Economic Times.

Linklaters partner Dr Eva Reudelhuber acted for the banks for the sellers.

Former Kochhar & Co partner of just over five months, Bidan Chandran, has joined PDS & Associates as partner to develop the banking and finance practice of the corporate commercial and dispute resolution firm.