Corporate M&A

Khaitan, Vaish on $60m Shree Cement acquisition of Jaypee

Khaitan & Co advised Shree Cement in its $58.4m acquisition of Jaiprakash Associates’ Jaypee Grinding Unit. Jaiprakash was advised by Vaish Associates. Khaitan Delhi competition partner Manas Kumar Chaudhuri and principal associate Trivikram Khaitan acted for Shree. Vaish Delhi partner Martand ...

JSA for Reliance, Majmudar for Carnival Films $111m buyout of Big Cinemas

Majmudar & Partners advised Carnival Films on its Rs 700 crore buyout of Reliance Mediaworks’ multiplex division Big Cinemas. Reliance was advised by J Sagar Associates (JSA). Majmudar Mumbai partner Rukshad Davar acted for Carnival, which is backed by a Kochi-based commodity trader. JSA Mumbai...

Rajani Singhania, Trilegal on Apna Paisa financial portal merger

Rajani Singhania & Partners acted for online financial services marketplace Apna Paisa Marketing and Services and its promoters in its merger with Trilegal-advised Casa Capital Management, which is a financial services holding company. Rajani Singhania Mumbai partner Preeti Balwani, with senior...

Amarchand, AZB on Infosys founders’ $1.1bn block share sale

Amarchand Mangaldas advised Infosys founders NR Narayana Murthy, SD Shibulal, Nandan Nilekani and K Dinesh alongside family members Kumari Shibulal, Deeksha Dinesh, Asha Dinesh, Akshata Murthy, Sudha Murthy, Rohini Nilekani and Divya Dinesh, who together have sold around 32.6 million Infosys shares ...

DSK, Crawford on Indo-French food & beverage JV

DSK Legal advised Kancor Ingredients in selling a majority stake to French company Mane SA, Switzerland which was advised by Crawford Bayley. DSK managing partner Anand Desai with partner Ajay Shaw and senior associates Pragya Dhamija and Aditee Mohta acted for Kancor. Crawford partner Sanjay Asher ...

Khaitan, Tatva on $90m BMM-Sagar cement M&A

Khaitan & Co advised BMM Cements and its promoters on their Rs 560 crore ($90m) buy of Sagar Cements, which was advised by Tatva Legal. Khaitan Bangalore partner Ganesh Prasad acted for BMM Cements. Tatva Hyderabad partners Shailendra Komatreddy and Rajeev Reddy acted for Sagar Cements. The dea...

Desai Diwanji, JSA on $72m Japanese chemical M&A

Desai & Diwanji acted for Hyderabad Chemicals and its shareholders in its Rs 450 crore sale of 74 per cent stake to Japanese listed company Nihon Nohyaku which was advised by J Sagar Associates (JSA). D&D Mumbai partner Vihang Virkar and senior associate Ayesha Rai acted for Hyderabad Chem...

Another Induslaw tech start-up, PropTiger, grows up with $30m injection from Rupert Murdoch’s News Corp, again opposite AZB

Induslaw advised Elara Technologies – the start-up that runs real estate portal PropTiger - on US media behemoth News Corp’s first investment in India with an infusion of $30m for picking up a 25 per cent stake in Elara. News Corp was advised by AZB & Partners. Induslaw Bangalore partner Sriniv...

Breaking: Amarchand Mumbai brokers Kotak merger with ING Vysya Bank with AZB

Amarchand Mangaldas Mumbai office, which is in the midst of a potential split from the Delhi region offices , has acted for long-standing client Kotak Mahindra Bank, which has merged with ING Vysya Bank, according to a tweet from CEO Uday Kotak : I am excited to announce the merger of Kotak Mahindra...

DSK, JSA, Davis Polk act on Rs 500 cr sale of NeST to QuEST

DSK Legal advised Kerala-based NeST Technologies Corporation, SFO Technologies, Network Systems & Technologies and their promoters in divesting Nest group’s engineering software business for Rs 500 crore ($81m) to Bangalore-based engineering services provider QuEST Global Engineering Services, ...

Tatva, Samvad act on tech Brillio’s buy of Ashley

Tatva Legal advised US-based technology company Brillio’s subsidiary Brillio Technology in buying data analytics start up Ashley Marketelligent, which was advised by Samvad Partners. Tatva partners NK Dilip and Raghunath Anathapur and senior associate Rashmi Talukdar acted for Brillio. Samvad partne...

JSA, AZB act on Dascher’s buy of Dascher India from Indian JV partner AFL

J Sagar Associates (JSA) advised German shipping and logistics provider Dachser in acquiring 50 per cent shares of Dachser India from its local joint venture partner the AFL Group which was advised by AZB & Partners. JSA Bombay M&A partner Sandeep Mehta, senior associate Arup Pereira and a...

Khaitan & Co acts opposite OP Khaitan on Biba Apparels buy of Anju Modi’s ABD

Khaitan & Co advised Anju Modi, promoter of Anjuman Brand Designs (ABD), in selling a 26.66 per cent stake in ABD to retail brand Biba Apparels, which was advised by OP Khaitan & Co. Khaitan Delhi partner Bharat Anand and associate partner Harsh Kumar acted for Anju Modi. OP Khaitan managi...

Amarchand Delhi acts for Sumitomo on Rs 200 cr buy of Kochhar-client Carzonrent

Amarchand Mangaldas together with Japanese firm Anderson Mori & Tomotsune advised Sumitomo Corporation Japan, with Amarchand also advising SMAS Auto Leasing India on acquiring the auto leasing business of New Delhi-based Carzonrent, which was advised by Kochhar & Co. The acquisition was fo...

Khaitan, JSA act on $80m RICO divestment of stake in FCC Rico to FCC Co

Khaitan & Co advised automobile multinational FCC Co in buying RICO Auto’s entire shareholding in FCC RICO for $80m (Rs 495 crore). RICO Auto was advised by J Sagar Associates. Khaitan Mumbai corporate partner Zakir Merchant and competition partner Avaantika Kakkar acted for FCC Co. JSA Delhi p...

AZB, ELP act on DaVita’s buy in Express clinics

AZB & Partners advised dialysis service provider DaVita Healthcare Partners in buying 49 per cent stake in Express Clinics which was advised by Economic Laws Practice (ELP). AZB Mumbai partner Alka Nalavadi and senior associates Percis Anklesaria, Vijay Manjrekar and Arvind Ramesh acted for Dav...

JSA, AZB act on Sterling’s $142m sale to Thomas Cook

J Sagar Associates advised Bay Capital Investment Managers and the promoters of Sterling Holiday Resorts India on selling Sterling for Rs 870 crore to the Prem Watsa-backed Thomas Cook India, which was advised by AZB & Partners. JSA Mumbai partners Sandeep Mehta and Rajesh Pal and senior associ...

AZB, Khaitan act on Japan-Pune Viscas-Sterlite JV

AZB & Partners advised Japanese power giant Viscas Corporation on its joint venture with Pune–based optical fibre maker Sterlite Technologies which was advised by Khaitan & Co. AZB Delhi partner Yashwant Mathur, senior associates Namrata Vishwanath and Esha Pruthi and associates Abhyudai S...

AZB catches up to Amarchand, Luthra in Q3 M&A rankings as US firms lead over UK abroad

Amarchand Mangaldas maintained its top spot in intelligence provider mergermarket’s M&A league rankings this quarter.

JSA, Amarchand Bangalore act on Goldman Sachs exit of City View to Blackstone, Embassy

J Sagar Associates (JSA) advised Wall Street bank Goldman Sachs in the sale of its 73 per cent stake in City View Bangalore Properties to a joint venture floated by Blackstone and realty player Embassy Group. Blackstone and Embassy were advised by Amarchand Mangaldas and Simpson Thacher & Bartl...