Corporate M&A

Khaitan, BMR, Cuatrecasas, on Rs 150 crore Minda Rinder buy

Khaitan & Co and Cuatrecasas, Goncalves Pereira advised Spain-based Rinder on its Euro 20 million (Rs 147 crore) acquisition by Indian auto parts maker Minda Industries which was advised by BMR Legal. Khaitan Mumbai partners Rabindra Jhunjhunwala and Bijal Ajinkya, associate partner Surbhi Kejr...

Indus, R&C Legal, JSA, Greenberg Traurig on Amazon's buy of Emvantage

IndusLaw and R&C Legal advised online payment gateway start up Emvantage Payments on its acquisition by global e-commerce major Amazon which was advised by J Sagar Associates (JSA) and Greenberg Traurig. Indus Delhi partner Avimukt Dar, senior associate Anubha Sital and associate Shreya Suri an...

DLA, JSA, DSK on GMS Pharma's $22m buy in Strides' Stelis

DLA Piper Middle East and J Sagar Associates (JSA) advised GMS Pharma (Singapore) on its $22m buy of 25.1 per cent equity in Strides Shasun subsidiary Stelis Biopharma which was advised by DSK Legal. DLA Dubai legal director Diwakar Agarwal and legal consultant Erik Stier, and JSA Mumbai partner San...

Trilegal, Khaitan, Shearman on IPCL's buy in Meenakshi Energy

Trilegal and Shearman & Sterling advised French firm Engie on the sale of its entire 89.11 per cent stake in Meenakshi Energy to India Power Corporation which was advised by Khaitan & Co. Trilegal Delhi partners Yogesh Singh and Neeraj Menon, counsel Ravi Mahton and senior associates Amar ...

Tatva, Trilegal on $110m Bangalore Tollway stake sale

Tatva Legal advised the Bangalore Elevated Tollway and NCC Infrastructure Holdings on the Rs 750 crore sale of stake in the tollway to India Infrastructure Fund II which was advised by Trilegal. Tatva Hyderabad partner Ekta Bahl and manager Pratyush Singh acted for the Tollway and NCC Trilegal Delhi...

Khaitan, NDA on Indo Phyto's $1m buy of Sequent

Khaitan & Co advised Indo Phyto Chemicals on the sale of 51 per cent stake in it to pharma company Sequent Scientific which was advised by Nishith Desai Associates (NDA). Khaitan Delhi partner Bharat Anand, senior associate Tanvi Kumar and associate Vrinda Agarwal acted for Indo. NDA Mumbai M&#...

NDA, Platinum, JSA on TV ratings JV between BARC and Nielsen-Kantar

Nishith Desai Associates (NDA) advised Broadcast Audience Research Council (BARC) on its meter management joint venture with Tam Media Research which is itself a joint venture between Kantar Media Research and Nielsen. Kantar was advised by Platinum Partners and Nielsen was advised by J Sagar Associ...

Veritas, ELP, Hariani, Juris Corp on SAMHI's buy of Hyatt Regency Pune [UPDATE-1]

Veritas Legal advised Ascent Hotels, the owners of Hyatt Regency in Pune, on its acquisition by SAMHI Hotels which was advised by Economic Laws Practice (ELP). Veritas partner Abhijit Joshi and senior associate Tushar Raut acted for Ascent which specialises in the development, acquisition and owners...

Khaitan, AZB on Softbank's $15m Housing.com rescue

Khaitan & Co advised Mumbai-based real estate portal Housing.com $14.7m (Rs 100 crore) fundraising from Softbank which was advised by AZB & Partners. Khaitan Mumbai senior partner Haigreve Khaitan, associate partner Vineet Singhal and senior associate Namrata Mehta acted for Housing. AZB B...

NDA, JSA on $700m Birla buy of Reliance cement

Nishith Desai Associates advised Birla Corporation on its $706.7m (Rs 4800 crore) acquisition of Anil Ambani’s cement business – a Reliance Infrastructure (RInfra) subsidiary which was advised by J Sagar Associates (JSA). NDA Mumbai associates Karan Kalra and Abhinav Harlalka, and partners Rajesh Si...

Tatva, SAM on Cube Highway's $85m buy of Western UP Tollway

Tatva Legal advised the Western UP Tollway and stakeholders in it, NCC and Gayatri Infra Ventures, on their Rs 575 crore ($85m) sale of the tollway to Cube Highways which was advised by Shardul Amarchand Mangaldas. Tatva Hyderabad partner Ekta Bahl and manager Pratyush Singh acted for NCC which held...

Vaish, NDA on Goldman Sachs' $59m investment in Amber Enterprises

Nishith Desai Associates advised global investment firm Goldman Sachs on its Rs 400 crore investment in India’s largest consumer-durables equipment maker Amber Enterprises. Amber was advised by Vaish Associates. Vaish Delhi partner Satwinder Singh and senior associate Varnika Sharma acted for Amber....

Clove Legal, D&D on Borkar's buy of Suraksha Packers

Clove Legal advised Goa-based conglomerate Borkar Group on its acquisition of corrugated box maker Suraksha Packers which was advised by Desai & Diwanji. Clove co-founding partner Dharmesh Kotadia and associate Nupur Rustagi acted for Borkar, which deals in printing & packaging, retail, re...

Alpha, Khaitan on Spencer's buy of Mera Grocer

Alpha Partners advised online grocery service Mera Grocer on its acquisition by the hypermarket chain Spencer’s Retail which was advised by Khaitan & Co. Alpha Delhi partner Akshat Pande acted for the Omnipresent Retail-owned Mera Grocer which currently operates in Gurgaon and some Delhi neighb...

SAM, CAM on Red Fort's $90m exit from Silver Oak villas owner

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 Delh...

Links & Italian firms on Mahindra's Euro buy; in Ferrari, Maserati friend Pinifarina

Linklaters advised Banca Regionale Europea and 14 other Italian banks on Tech Mahindra and Mahindra & Mahindra’s buy of majority stake in Italian automotive brand Pinifarina. Gianni, Origoni, Grippo, Cappelli & Partners advised the Mahindra Group entities and Pavesio and Associates advised...

SAM, Kanga on Texmaco's 55 per cent buy in Bright Power

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 ...

Link Legal, BMR, Themis on $30m funding in app-based food chain Faasos

Link Legal India Law Services advised Russia based investors Ru-Net on their $20m (Rs 134 crores) investment in app-based restaurant chain Faasos which was advised by BMR Legal.

Khaitan, Themis on Bira91 beer fundraising from Sequoia and others

Khaitan & Co advised B9 Beverages on selling 20 per cent stake to Sequoia Capital which was advised by Themis Associates. Khaitan Delhi associate partner GT Thomas Phillippe, principal associate Arjun Rajagopal and associate Akshaya Iyer acted for B9. Themis Bangalore principal associate Ashwan...

CAM on Essar's $560m mega delisting

Cyril Amarchand Mangaldas advised Essar Oil on its $559m (Rs 3,745 crore) delisting of shares from stock exchanges. CAM managing partner Cyril Shroff, Mumbai corporate partner Ravi Kumar and partner designate Anchal Dhir acted for Essar oil on this largest Indian delist offering in terms of its payo...