Corporate M&A

AZB for Tatas, CAM for Welspun on $1.5bn solar power assets sale

Cyril Amarchand Mangaldas Mumbai projects partner L Viswanathan and corporate partner Jaya Singhania advised Welspun Energy on selling the assets of Welspun Renewable Energy to Tata Power, which was advised by AZB & Partners partner Shameek Chaudhuri.

Nanavati, The Law and Options on Siddha Gas Hexagon JV

Nanavati & Nanavati Advocates advised gas industry components maker Siddha Gas Technik on its joint venture with Norwegian company Hexagon Composites which was advised by The Law and Options.

CAM, Dr Behrooz Akhlaghi acts on historic, strategic Indo-Iranian Chabahar port project

Cyril Amarchand Mangaldas (CAM) and Dr Behrooz Akhlaghi & Associates advised India Ports Global and India’s shipping ministry on setting up a company in Iran to run the Chabahar port.

SAM Mumbai, AZB, BMR on $94m Sumitomo share sale to Excel Crop Care

Shardul Amarchand Mangaldas (SAM) advised Japanese conglomerate Sumitomo Corp on its Rs 623.44 crore ($93m) buy of 44.98 per cent stake in Excel Crop Care which was advised by AZB & Partners.

Khaitan, JSA on $4m RPG Lifesciences biotech unit sale to Intas

Khaitan & Co advised Mumbai-based RPG Life Sciences on the Rs 25 crore ($3.7m) sale of its biotech unit to Intas Pharmaceuticals which was advised by J Sagar Associates (JSA).

RDA Legal acts on Navneet Education's investment in SchoolWear

RDA Legal advised Navneet Education and its promoters the Gala Family on their investment in Mumbai-based school uniform and supplies company SchoolWear. RDA Mumbai partner Anupam Prasad and associate Anindita Ganguly acted for Navneet Education and its promoters. SchoolWear was advised by an invest...

CAM acts on $975m sale of Jindal power plant to JSW Energy

Cyril Amarchand Mangaldas advised JSW Energy on its Rs 6500 crore ($975m) buy of Jindal Steel & Power’s thermal power plant in Chhattisgarh. CAM Mumbai and Delhi infrastructure and projects partners L Viswanathan and Ramanuj Kumar, respectively, Mumbai competition partner Nisha Uberoi and Mumba...

Ex-DSK partner Raksha Kothari acts by herself opposite Wadia Ghandy in Rs 265 cr Piramal buy

Raksha Kothari left DSK Legal in January after having been a founding member 14 years ago, to take a few months off and practice independently before deciding her next move. She has now acted as an independent counsel for cement company Sanghi Industries, which saw an investment of Rs 265 crore by t...

Khaitan, CAM act on FIL's investment in Cipla

Khaitan & Co advised drug major Cipla on raising funds in its arm Cipla Health, from FIL Capital Investments which was advised by Cyril Amarchand Mangaldas. Khaitan partners Haigreve Khaitan, Bhavik Narsana, Kartick Maheshwari, Avaantika Kakkar, Adheesh Nargolkar and Sharad Vaid, associate part...

Matrix helps penny auction gaming site MadBid set up in competitor-less India

Matrix Law advised e-commerce gaming and auction company Madbid.com on setting up operations in India. Matrix founding partner Sunny Sablok and senior associate Neha Verma acted for Madbid which facilitates “penny auctions” – customers bidding for products that are made available on the website at h...

SAM, Khaitan sell FabFurnish to Future Group for around $2.6m

Shardul Amarchand Mangaldas (SAM) advised Future Group on its acquisition of online furniture retail store FabFurnish which is operated by Bluerock eServices. Bluerock was advised by Khaitan & Co. SAM Mumbai partner Shuva Mandal, Delhi partner Arvind Sharma, principal associate Janani Sekhar an...

Khaitan, JSA, ILP on Takshashila hospitals sale to Toyota Tsusho and Secom

Khaitan & Co advised VSK Holdings and its promoters Vikram Kirloskar and Geetanjali Kirloskar on selling their stake in Takshashila Hospitals to existing joint venture partners Toyota Tsusho Corporation Japan and Secom Medical System Singapore, which were advised by J Sagar Associates (JSA). Kh...

SAM continues reaping from Blackstone ties, helps buy $1.1bn Mphasis from HP with Simpson Thatcher, Platinum and Freshfields

Shardul Amarchand Mangaldas and Simpson Thacher & Bartlett advised Blackstone on its $1.1bn (Rs 7071 crore) buy of Indian IT outsourcing services provider Mphasis from Hewlett Packard (HP) which was advised by Platinum Partners and Freshfields, as first reported by Bar & Bench , and confir...

PDS, PRA on $7m Minda-Panalfa acquisition

PDS Legal advised Minda Corporation on its more than Rs 45 crore ($6.8m) buy of Panalfa Autoelektrik which was advised by PRA Law Offices. PDS principal associate Anirudh Mukherjee, senior associates Karuna Thapa and Deepti Thakkar and associates Samyukta Damojipurapu and Ankita Jain acted for Minda...

CAM, JSA on $200m HCL buyout of Geometric

Cyril Amarchand Mangaldas advised HCL Technologies on its $200m (Rs 1,325 crore) share swap deal buying Geometric which was advised by J Sagar Associates (JSA). CAM Bangalore corporate partner Nivedita Rao, Mumbai corporate partner Smruti Shah, Delhi corporate partner Harsh Kumar and Mumbai competit...

CAM, AZB, Herbies on $130m Infosys equity sale

Cyril Amarchand Mangaldas advised Infosys founders S Gopalakrishnan and SD Shibulal on the Rs 862 crore ($130m) sale of 7.5 million equity shares of Infosys, with brokers Citigroup Global Markets India advised by AZB & Partners and Herbert Smith Freehills (HSF). CAM Mumbai capital markets partn...

Verus, AZB on Asia Climate Partners' buy in ColdEX

Verus advised refrigerated container-operator ColdEX on its fundraising from Asia Climate Partners which was advised by AZB & Partners.

Advaya, Platinum, ELP on FM Logistic's buy in Spear

Advaya Legal advised French multinational logistics provider FM Logistic on buying a majority stake in Pune-based Spear Logistics, which was advised by Platinum Partners, from existing shareholder Ambit Pragma which was advised by Economic Laws Practice. Advaya partner Sharanya G Ranga and senior as...

CAM, SAM, A&O, Shearman & Sterling sell GE businesses to Aion and Plutus

Cyril Amarchand Mangaldas and Allen & Overy (A&O), and tax firm Dhruva Advisors, advised former GE Capital executives Pramod Bhasin and Anil Chawla’s fund Plutus Financials and Aion Capital Partners on buying GE Capital Services India and GE Money Financial Services. The GE firms were advi...

SAM, D&D on Driplex stake sale to Suez

Shardul Amarchand Mangaldas advised Suez Environnement and Degremont on its majority stake buy in Driplex Water Engineering and Driplex Water Engineering International from Driplex’ promoters KL Jain and family who were advised by Desai & Diwanji. SAM Delhi partners Amit Kumar and Saurav Kumar,...