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S&R Associates

26 September 2017

McDonald’s India has approached the Delhi high court seeking to enforce a 13 September London Court of International Arbitration (LCIA) partial award to appoint experts to value and sell estranged former managing director Vikram Bakshi's stake in the North and Eastern India local franchise of the fast food giant, reported Mint, the Economic Times and others.

29 August 2017

DMD Advocates added S&R Associates counsel Jeremy Lynn Chagas Pereira as a partner in its litigation practice, and promoted Amity Delhi 2007 alumnus Sachit Jolly to partner in its direct tax practice.

16 May 2017

“In the largest private equity deal in the logistics space, the Canadian pension fund manager Canada Pension Plan Investment Board (CPPIB) and IndoSpace, promoted by PE firm Everstone and US-based Realterm, have entered into a three-step deal which would entail an investment of $1.3 billion (Rs 8,320 crore), most of which will come from the CPPIB,” reported Business Standard

20 March 2017

According to several sources, S&R Associates partner Rajat Sethi and UK firm Slaughter and May partner Susannah Macknay have been advising Vodafone on its long-awaited Rs 80,000 crore ($12.2bn) merger with Idea, which was formally announced today.

08 March 2017

S&R Associates has grown its partnership ranks for the first time by lateral hire, with A&M Law Offices co-founding partners Sanjeev Adlakha and Viral Mehta joining the firm as consultant and partner respectively.

20 October 2016

"Online travel firm MakeMyTrip Ltd has agreed to buy Ibibo Group’s travel business in India in an all-stock deal, creating the country’s largest online travel firm which, according to a note by Morgan Stanley, is worth $1.8 billion. The deal value wasn’t announced, but the $1.8 billion valuation and the fact that Ibibo’s owners, Naspers and Tencent, end up with a 40% stake in the merged entity, translate into a transaction worth $720 million. Naspers owns a third of Tencent, its most valuable investment.” reported Mint.

03 October 2016

Cyril Amarchand Mangaldas (CAM) advised ICICI Prudential Life Insurance and ICICI Bank on Rs 60,568 million initial public offer. S&R Associates and Davis Polk & Wardwell advised the lead managers to the issue: DSP Merrill Lynch, ICICI Securities, CLSA India, Deutsche Equities India, Edelweiss Financial Services, HSBC Securities and Capital Markets (India), IIFL, JM Financial Institutional Securities, SBI Capital Markets and UBS Securities India.

17 June 2016

HDFC Standard Life Insurance, a joint venture between HDFC and Standard Life, will be absorbing Max Life Insurance and Max Financial Services, according to reports, in what is billed as the biggest ever consolidation in the private insurance space in India.

23 May 2016

S&R Associates partner Bhakta Patnaik has resigned from the firm on Friday, and is in advanced discussions to join Trilegal, as well as in talks with other firms

07 April 2016

NLSIU Bangalore’s 2017-graduating batch placed 33 out of 53 participating recruitment coordination committee (RCC) members, out of a total batch of 81, on 2 April.

17 December 2015

AZB & Partners overtook Khaitan & Co, and the split firms of Amarchand Mangaldas, on data provider Mergermarket’s M&A leader board this year, where the combined deal value of the Amarchand Mangaldas firms would have led the value rankings by a margin of $4bn.

05 August 2015

Bertelsmann India Investments did a follow-on investment with Goldman Sachs, Zodius Capital and Norwest Venture Partners in the operator of Indian furniture online shop Pepperfry.com, which saw a $100m financing round, reported Mint and others.

Pepperfry was advised by BMR Legal Bangalore partner Siddharth Nair.

S&R partners Rajat Sethi and Rachael Israel and associate Raya Hazarika acted for Bertelsmann.

Nishith Desai Associates Mumbai M&A practice co-head Simone Reis acted for Goldmans.

Khaitan & Co partner Siddharth Shah, associate partner Surbhi Kejriwal, senior associate Abhiraj Krishna and associate Aayush Tainwala acted for Zodius. They were assisted by partner Bijal Ajinkya and senior associate Aditi Mukundan on tax issues.

15 June 2015

S&R Associates has elected two corporate associates, Jabarati Chandra and Rachael Israel, to its partnership.

05 June 2015

S&R Associates acted the Vodafone Group in its sale of $200m Bharti Infotel, representing around 4.2% interest in Bharti Airtel, to Bharti Enterprises, which was represented by AZB & Partners.

S&R partner Rajat Sethi and associates Tanya Aggarwal and Lakshmi Pradeep acted for Vodafone.

AZB Delhi partner Gautam Saha acted for long-standing client Bharti.

The sale was made due to a telecoms department directive restricting any group from holding stakes in more than one telecom licensee in one area, reported Reuters

14 April 2015

GearingGetting the ratio of partners to non-partner fee-earners right has its rewards, but it is, at best, an inexact science.

07 November 2014

S&R Associates Delhi partner Rajat Sethi has moved to the Mumbai office of the firm as a “strategic decision” to bolster the corporate and private equity practice of the firm, reported Bar & Bench.

His move, increasing the partner headcount in Mumbai to three and reducing Delhi to five partners based there, follows Legally India reporting in 2010 that the firm’s founding partner Sandip Bhagat had moved from Delhi to Mumbai to set up in the city.

09 October 2014

Amarchand Mangaldas maintained its top spot in intelligence provider mergermarket’s M&A league rankings this quarter.

20 August 2014

Deals in BriefSome of the deals lawyers have been working on this month that we didn’t manage to cover separately.