Tatva Legal advised Hyderabad-based IT company Cyient in buying a 51 per cent stake in data analytics start-up Invati Insights, which was advised by Tempus Law Associates in Hyderabad. Tatva Legal partner Rajeev Reddy and associate Shivacharan Reddy acted for Cyient. Tempus partner P Raviprasad and ...

AZB & Partners advised the Lanco Infratech on selling, for over Rs 6,000 crore ($995m), its stake in Udupi Power Corporation to Adani Power, which was advised in-house. AZB partner Yashwant Mathur, senior associates Namrata Vishwanath, Esha Pruthi and associates Abhyudai Singh and Shridha Malho...

Verus advised Aditya Birla Retail on its Rs 500 crore unsecured, unlisted, redeemable non-convertible debentures issued to Yes Bank. The investors were advised by Wadia Ghandy. Verus partner Jay Parikh and associate Aastha Khurana acted for Aditya Birla. Wadia Ghandy partner Nihaas Basheer acted for...

Desai & Diwanji partner Siddharth Mody acted for Aster DM Healthcare, which invested Rs 41 crore ($6.8m) in Sri Sainatha MultiSpeciality Hospital, which owns and manages the Prime brand of hospitals in Hyderabad. Chennai-based VNS Legal partner Shiva Shankar acted for Sri Sainath. The Desai &#x...

MNK Law Offices partners Nivedita Tiwari and Srinivas Kilambi with associates Abhilash Pillai and Aashish Vats acted for Peninsula Brookfield Investment Managers on its investment in Ansal Hi-Tech Townships through Rs 300 crore ($50m) of non-convertible debentures. SB Partners, led by partners Samir...

J Sagar Associates (JSA) acted for Swiss lock maker Kaba Holding on increasing its investment in its Indian joint venture with Dorset to 74 per cent. Luthra & Luthra partner Bobby Chandhoke advised the Indian shareholders in the JV, Dorset, while JSA partners Upendra Nath Sharma & Pallavi ...

Khaitan & Co Delhi has advised cinema giant and long-standing client Inox on its Rs 182 crore complete acquisition of Satyam Cineplexes, which drafted in Luthra & Luthra.

London-headquartered global advertising company M&C Saatchi has agreed to buy Delhi-based ad agency February India through a 10-year structured deal, reported the Economic Times ’ brand equity blog, taking around a 20 per cent stake with a 2020 “business target of Rs 50 crore”. Naveen Goel Law ...

Khaitan & Co and Mori Hamada & Matsumoto advised Tokyo-based SBS Holdings in buying a 66 per cent stake in Transpole Logistics, which was advised by Trilegal. Khaitan Delhi partner Rajat Mukherjee, associate partner Harsh Kumar, executive director Daksha Baxi and competition partner Manas ...

ALMT Legal advised UK-based testing services provider Exova Group Plc in its acquisition of Mumbai-based material testing lab Metallurgical Services which was advised by Bharucha & Partners. ALMT senior partner Aliff Fazelbhoy and partner Statira Ranina acted for Exova on the deal which, accord...

Vaish Associates advised the world’s largest privately owned company in fragrance and flavours – the Swiss company Firmenich on its Rs 27 crore ($4.5m) buy of 40 per cent stake in Indian floral extracts leader Jasmine Concrete Exports. Jasmine was advised by MMB Legal. Vaish partner Hemant Puthran a...

J Sagar Associates (JSA) advised Financial Technologies (India) (FTIL) on the Rs 459 crore ($76m) sale of its 15 per cent stake in Multi Commodity Exchange of India (MCX) to Kotak Mahindra Bank which was advised by Amarchand Mangaldas. JSA partners Berjis Desai, Somasekhar Sundaresan and Vikram Ragh...

Verus Advocates Mumbai partner Jay Parikh, assisted by associates Aastha Khurana, Rashna Jehani and Priyanka Devgan, acted for Hyderabad-based Sagar Cements which sold 47 per cent of its Vicat Sagar Cement to an affiliate of its French joint-venture partner Vicat Group for Rs 435 crore . MNK Law Del...

AZB & Partners advised Bharti Airtel in selling over a fifth of its 15,000 telecom towers located in four African countries to Helios Towers Africa, which was advised by Vinson & Elkins. AZB Delhi partner Gautam Saha, senior associate Amrita Patnaik and associates Asha Kutty and Srishti Sh...

Khaitan & Co advised Mumbai-based pharma company Elder whose domestic formulation business was acquired by Ahmedabad-based drug major Torrent Pharmaceuticals for Rs 2,004 crore ($324m). Torrent was advised by Amarchand Mangaldas. This is the largest domestic M&A in the pharma sector, accor...

Naveen Goel Law Offices (NGLO) and Olswang advised Europe’s largest independent visual film effects provider Double Negative on its merger with Reliance Capital’s global film and media business Prime Focus. Prime Focus was advised by Bharucha & Partners and Linklaters. NGLO partners Rishi Bhatn...

Fox Mandal advised a consortium of three Kolkata-based developers – Sureka Group, Merlin Group and JB Group in buying Singapore-based real estate firm Keppel Magus Development for Rs 140 crore ($23m). Keppel was advised by Khaitan & Co’s Kolkata office. Fox Kolkata partner Debanjan Mandal senio...

Mergermarket Q1 M&A value leader AZB & Partners slipped to seventh spot in 2014’s half-yearly rankings, while Q1 ninth-ranked Amarchand made up the lag to top spot.

Khaitan & Co and Anderson, Mori & Tomotsune advised Japan’s Meiji Seika Pharma in buying Bangalore pharma company Medreich for Rs 1720 crore ($290m). Medreich was advised by Amarchand Mangaldas. Khaitan corporate partner Bhavik Narsana, banking and finance partner Kumar Saurabh Singh, comp...

Economic Laws Practice (ELP) advised old client Mayfield Fund in its Rs 30 crore investment in Mumbai-based Securens Systems which was advised by Samvad Partners. ELP Mumbai co-founding partner Suhail Naithani, associate partner Vinayak Burman, senior associate Archana Khosla and associate Shubhra S...