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Shardul Amarchand Mangaldas

Shardul Amarchand Mangaldas & Co is an Indian law firm.
04 February 2016

There might only be one way to settle this...The new report by legal directory Chambers & Partners, which compiles an annual tiered ranking of law firms and partners in various practice areas, has seen Khaitan & Co take the top spot by number of "ranked" lawyers, reported The Economic Times, while AZB & Partners, Khaitan & Co and both erstwhile Amarchand Mangaldas co-managing partner Shroff brothers have lost dominance.

24 January 2016

Our third email newsletter this year talks of the costs of doing business, the possibility of liberalisation, and a long-expected party…

22 January 2016

Express TowersShardul Amarchand Mangaldas moved into its now-renovated 23rd, 24th and 17th floors of its Express Towers offices late last month.

19 January 2016

Shardul Amarchand Mangaldas advised Red Fort India Real Estate on its Rs 600 crore ($89m) exit from Exora Business Parks, selling its stake to Valdel Extent Outsourcing Solutions which was advised by Cyril Amarchand Mangaldas. CAM also advised Exora and the promoter Prestige Estate Projects

SAM Delhi partners Jatin Aneja and VR Neelakantan, principal associate Siddhartha Sen and senior associate Varun Nair acted for Red Fort India is a fund managed by Red Fort Capital.

CAM Bangalore partner Nagavalli Gopalakrishna acted for Valdel, Exora and Prestige.

Prestige Estates, through its subsidiary Valdel, bought 62.54 per cent of Red Fort’s stake in the special purpose vehicle (SPV) Exora that owns the villa project Silver Oak, reported the Times of India adding that Rs 250 crore worth residential stock was also part of the buyout.

16 January 2016

Shardul Amarchand Mangaldas (SAM) climbed up five ranks since Mergermarket’s preview of 2015’s annual rankings, to overtake Cyril Amarchand Mangaldas (CAM). CAM, according to the preview, was the third largest M&A dealmaker after AZB & Partners and Khaitan & Co.

13 January 2016

Shardul Amarchand Mangaldas advised Texmaco Rail & Engineering on purchasing 55 per cent stake in Bright Power Projects (India) from Bright Power’s promoters who were advised by Kanga & Co. __SAM Delhi M&A partner Kalpataru Tripathy, senior associates Navin Kumar and Aditya Mehra and associate Roma A Das acted for Texmaco.

Kanga Mumbai senior partner Preeti Mehta acted for Bright’s promoters.

Bright Power is now a subsidiary of Texmaco, specialising in over-head electrification solutions for the railways with over 400 executed electrification projects in India, according to SAM’s press release.

The original board approval to Texmaco was for acquisition of 76 per cent stake in Bright Power for Rs 100 crore, according to VCCircle.

08 January 2016

A string of Cyril Amarchand Mangaldas’ (CAM) senior and principal associates have left in recent months, following the hiring spree by the firm following its split with Shardul Amarchand Mangaldas.

21 December 2015

Desai & Diwanji advised the Bector Family and Motilal Oswal Private Equity on their Rs 450 crore ($67.5m) exit from Ludhiana based food and beverage company Mrs Bectors Food Specialities, after selling their minority stake in it. Private equity firms CX Partners, advised by Platinum Partners, and Gateway Partners, advised by AZB & Partners bought the stake. Shardul Amarchand Mangaldas advised Bectors Food.

D&D Delhi partner Rachna Jain and associates Nakul Batra and Rahul Chaddah advised the sellers on this, one of the largest packaged F&B sector private equity deals according to the firm’s press release.

Platinum Bengaluru partner Ankit Majmudar and associates Yamini Dwarakanath and Jagriti Mohata advised CX Partners.

AZB Delhi partner Sachin Mehta and Mumbai associate Vinit Nalavadi acted for Gateway Partners.

SAM Delhi partner Raghubir Menon, principal associate Gaurav Dayal and associate Aritra Roy acted for Bector Foods and its promoter Anoop Bector and his family members on the transaction.

CX and Gateway have reportedly invested Rs 450 crore in MBFSL for a 47 percent stake in the company reported Deal Street Asia.

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.

17 December 2015

The dispute resolution team of Shardul Amarchand Mangaldas (SAM) acted for YuTeleventures and its three directors, Rahul Sharma, Sumeet Kumar and Vikas Jain before a division bench of Delhi high court where they appealed against the order of a single judge of the Delhi high court issuing bailable warrants against them in a contempt of court case.

16 December 2015

Gulati: Going in-houseShardul Amarchand Mangaldas partner Vidyut Gulati will join Cairn India on 22 December 2015 as its general counsel (GC).

16 December 2015

Shardul Amarchand Mangaldas acted for Blackstone on its sale of shares in the Rs 500 crore ($75 m) initial public offer (IPO) of fragrance maker SH Kelkar & Co which was advised by DSK Legal. Khaitan & Co and Jones Day advised the IPO’s book running lead managers JM Financial Institutional Securities and Kotak Mahindra Capital Company.

30 November 2015

Shardul Amarchand Mangaldas (SAM) advised Singapore based hyperlocal delivery startup Grofers Group in the $120m (Rs 800 crore) investment in it by SoftBank Group, Tiger Global, Apoletto Asia and Sequoia Capital in a series D round of investment. The investors were advised by Morrison & Foerster, Cyril Amarchand Mangaldas (CAM), Gunderson Dettmer Stough Villeneuve Franklin & Hachigian and Themis Associates.

SAM Delhi partner Puja Sondhi, senior associate Sumeet Singh and senior associate designate Vasundhara Garg acted for Grofers.

CAM Mumbai partners Ashwath Rau and Shishir Vayttaden and consultant Nirmal Vathani, and Morrison & Foerster of counsel Amit Kataria acted for Softbank.

Themis senior associate Dheeraj Khanna acted as the legal advisor to Sequoia Capital.

Gunderson Dettmer senior partner Steven L Baglio and New York lawyers Salil Gandhi and Suneela Jain acted for Tiger Global.

DST Global’s in house legal team advised Apoletto Asia.

Grofers is now valued at about $400 m (Rs 2,664 crore) reported Economic Times. It was valued to be $33m in February this year. The money will be used to expand the company’s business and to build its supply chain, its CEO Albinder Dhindsa was quoted as saying.

27 November 2015

Bharucha & Partners advised Idea Cellular on its Rs 3310 crore ($500m) buy of Videocon’s Uttar Pradesh and Gujarat circle telecom spectrums, reported the Economic Times. Shardul Amarchand Mangaldas (SAM) advised Videocon.

Bharucha partner Alka Bharucha, senior associate Siddharth Manchanda, and associate Ayesha Bharucha acted for Idea.

SAM executive chairman Shardul Shroff, partners Vidyut Gulati and Asim Abbas and senior associate Kushal Sinha acted for Videocon.

This is India’s first telecom spectrum trading transaction since the notification of Guidelines for Trading of Access Spectrum by Access Service Providers by the Department of Telecommunications on 12 October 2015, according to the press release.

11 November 2015

CamSamEvery year, law firms send out creative electronic (and paper) cards celebrating the festival of lights. This year, we’ve collected a few of the larger firms’ greetings that have found their way into our inbox.

30 October 2015

In a setback to the Arvind Kejriwal government, the Delhi high court on Friday quashed the executive decision to get the books of accounts of the three private power distribution companies (discoms) in the city-capital scrutinised by the Comptroller and Auditor General of India (CAG).

29 October 2015

Cam CompatCyril Amarchand Mangaldas (CAM) couldn’t save apparel exporter, the Tavoy Group, from the Competition Appellate Tribunal (COMPAT) imposing Rs 5 lakh in costs against it.