Rajani Associates
Rajani Associates Mumbai-based associate partner Amit Kolekar has joined Godrej & Boyce Manufacturing Company as its head real estate advisor in its legal team earlier this month.
“CMM Infraprojects is coming out with an initial public offering (IPO) of 45,45,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 40.00 per equity share.The shares will be listed on Emerge Platform of NSE. The share is priced 4 times higher to its face value of Rs 10,” reported Finalaya. The issue opened on September 29th and closed on October 4th and it was a 100% book-built issue.
Rajani Associates has promoted four principal associates - Amish Shroff, Amit Kolekar, Ankur Singhania and Mayur Shetty - to associate partner level, with effect of 1 April 2017, growing the partnership to a total of 13.
Economic Laws Practice (ELP) hired Vyas as Mumbai litigation associate partner.
Seth Dua & Associates advised Chinese telco ZTE Corporation in filing a winding up petition against Indian phone service provider Loop Mobile in the Bombay high court
Big project M&A in the project space with Desai & Diwanji and Amarchand, while a project finance take-out scheme keeps Dhir busy.
Rajani Associates advised brokerage house Motilal Oswal Private Equity (MOPE) which invested Rs 35 crore ($6.4m) in concrete blocks maker Magicrete Building Solutions, which was advised by Luthra & Luthra.
Rajani Associates founding partner Prem Rajani with partner Poorvi Sanjanwala, senior associate Karishma Jumani and associate Nishtha Mehta acted for MOPE which invested the amount through its funds India Business Excellence Fund IIA and India Business Excellence Fund II, according to a Rajani press release.
Luthra & Luthra Mumbai partner Bikash Jhawar with managing associate Amit Shetye and senior associate Rohan Shah acted for Magicrete, which was incorporated in 2008.
Magicrete is India’s largest maker of autoclaved aerated blocks, which are replacing red bricks in construction across India, according to the Economic Times and Deal Curry.
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