DMD Advocates
DMD Advocates has hired Shardul Amarchand Mangaldas (SAM) principal associate Vivek Agarwal has joined DMD Advocates as its first full-time competition partner.
Singapore-based Baker & McKenzie director of economics and India group member Sanjiv Malhotra has joined DMD Advocates as senior director and chief economist in Delhi.
Former Economic Laws Practice (ELP) partner Anay Banhatti, whom we had reported went independent at the Bombay bar in March, has joined DMD Advocates as a tax partner in its Mumbai office.
“Engineering company Greaves Cotton Ltd said on Wednesday it has signed definitive agreements to acquire a majority stake in electric two-wheeler maker Ampere Vehicles Pvt. Ltd. Mumbai-headquartered Greaves Cotton will initially acquire 67% of Coimbatore-based Ampere for Rs 77 crore. It may buy another 13% for Rs 75.5 crore after three years, it said in a stock-exchange filing.” reported VCCircle.
Infradigital Technologies, a company promoted by Eros Labs, is reported to have sold its business undertaking engaged in the business of production and distribution of spiritual, devotional and religious audio-visual content and literature to Innertech Media Solutions, a portfolio company of Times Internet Limited. The business division was transferred as a going concern on a slump sale basis.
J Sagar Associates (JSA) newly promoted partner Sumit Sinha left the firm to join DMD Advocates as a partner in its corporate team in Delhi.
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.
Automotive insurtech company Roadzen Inc. has acquired the India operations of assistance services company AXA-Assistance India by acquiring 100% equity stake in AXA Assistance India Private Limited from its sole shareholder Inter Partner Assistance SA in a cross border transaction.
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.
"Fortis Healthcare has completed the acquisition of 51 per cent stake in Fortis Hospotel Ltd and also acquired compulsorily convertible preference shares issued by Escort Heart Institute and Research Centre,” reported the Economic Times.