Corporate M&A

Sand Hill, ALMT merge TimesDeal with CouponDunia

Sand Hill Counsel advised media giant Times of India group’s digital product company Times Internet in buying a majority stake in India’s largest digital coupon marketplace Coupondunia, which was advised by ALMT Legal. Sand Hill Counsel partner Anand Kumar and senior associate Khozema Rangwala acted...

NDA, Indus, Samvad kindle $300m Flipkart-Myntra e-comm biggie

Nishith Desai Associates (NDA) advised India’s largest e-commerce player Flipkart on buying out online fashion retailer Myntra which was advised by Indus Law. One of the existing investors IDG Ventures India I LLC which was advised by Samvad Partners

Amarchand for Adanis opposite AZB in $930m Dhamra port sale

Amarchand Mangaldas advised India’s largest port operator Adani Ports Special Economic Zone in its Rs 5,500 crore ($930m) buy of the Dhamra port from L&T Infrastructure and Tata Steel, which were advised by AZB & Partners Mumbai partner Shameek Chaudhuri. Amarchand Mumbai managing partner ...

Pathak Associates, Nishith Desai on Cognizant's US digital video acquisition

Nishith Desai Associates acted as Indian legal and tax counsel for Cognizant, which bought Atlanta-based digital video solutions company itaas, which was represented by P&A Associates. Nishith Desai’s Munich-based European operations head Ruchi Biyani , with partner Nishchal Joshipura and Singa...

AZB, Desai & Diwanji act on Rs 250 cr buy, open offer of diving company

Desai & Diwanji advised Delhi-based oil company HAL Offshore and its investment bank Equirus Capital in a controlling stake buy-out of the BSE and NSE-listed company Seamec for around Rs 253 crore, opposite AZB. AZB Mumbai capital markets partner Shameek Chaudhuri and senior associate Rinki Gan...

M&A league table: AZB, Trilegal, Luthra on top of meek start to 2014 but more to come...

Q1 M&A: In terrible shape
Q1 M&A: In terrible shape
AZB, Trilegal and Luthra had the biggest reported deals in the first quarter of the year, which was a bit of a let down compared to the first quarter of 2014 but is looking up.

Rs 10,000 cr: Amarchand, S&R reprise roles to sell off rest of Vodafone with AZB from Piramal, Analjit

Vodafone: top up minutes
Vodafone: top up minutes
At least three domestic law firms acted on Vodafone UK’s buyout of Vodafone India shareholders to take full control over its Indian subsidiary for more than $1.6bn.

Ashurst & India best friend ILP advise Toshiba’s $20m clean water entry opposite DSK

Toshiba
Toshiba
Indian Law Partners (ILP) and Ashurst acted for Japanese Toshiba in its investment in Delhi-based clean water solutions provider company UEM India.

4 billion dollars: Amarchand, Crawford, Luthra & 2 foreigns help troubled Ranbaxy sell out to Sun Pharma

Ranbaxy Sun Pharma
Ranbaxy Sun Pharma
Sun Pharma bought debt-ridden pharmaceutical giant Ranbaxy for $4bn from Daiichi Sankyo.

Indus, JSA sell Rs 100 cr local Calvin Klein stake between licensees

Calvin Klein
Calvin Klein
Indus Law advised textile and apparel retailer Arvind Brands, which bought 49 per cent of the Indian licensee of global fashion giant Calvin Klein (CK) for Rs 100 crore. J Sagar Associates (JSA) advised the previous licensee Premium Garments and Wholesale Trading.

Trilegal bags Tesco-Tata-Trent supermarket JV mandate opposite AZB

Tesco
Tesco
AZB & Partners acted for Tata’s subsidiaries Trent and Trent Hypermarket that entered into a joint venture with Anglo-global supermarket retail behemoth Tesco, which drafted in Trilegal.

Desai & Diwanji debuts for IFMR Cap in Rs 174 cr Leapfrog deal with Trilegal

Leapfrog Investment bought a Rs 174 crore ($29m) stake in IFMR Capital Finance, advised by Desai & Diwanji and Trilegal.

Trilegal acts on Hitachi’s buy in Vikas Group with Mori Hamada, E&Y

Trilegal and Japanese firm Mori Hamada & Matsumoto (MHM) advised Japanese metal giant Hitachi Metals in buying a majority stake in two Vikas Group entities.

AZB Mumbai bags Loop telco mandate in Airtel’s $100m+ acquisition

Phones in Bombay
Phones in Bombay
AZB & Partners Mumbai is advising Loop Telecom, which is being acquired by Bharti Airtel that is handling the legal work in-house.

Dot-com-darling JSA Bangalore wins $133m eBay bid for Snapdeal with IndusLaw

eBay
eBay
J Sagar Associates (JSA) Bangalore has bagged the mandate for global e-auction giant eBay, which took a $133.7m stake in Indian online marketplace Snapdeal, advised by IndusLaw.

ELP, AZB ink Montblanc-Titan single brand India JV

Economic Laws Practice advised watches and jewellery retailer Titan in hatching a joint venture with luxury goods maker Montblanc International for single brand retail in India.

Wilmar $200m Renuka Sugars buy: NDA bags buyer mandate opposite Crawford Bayley, AZB

Nishith Desai Associates (NDA) advised the world’s largest palm oil maker, Singapore-based Wilmar International, in buying a controlling stake in Renuka Sugars for $200m (Rs 1,242 crore). Renuka Sugars was advised by Crawford Bayley while AZB & Partners advised the promoters the Murkumbi family...

Amarchand-Trilegal start-up iCounsel advises German-Kochi takeover with JSA, DLA Piper

Murali
Murali
A law firm started seven months ago by a Kerala advocate and two ex-senior associates from Amarchand Mangaldas and Trilegal, have acted opposite J Sagar Associates (JSA) and DLA Piper to advise on the takeover of a Kerala-based vocational training company by a German services giant.

Luthra, Davis Polk, Bryan Cave sell back DLF's Aman hotels to former owner for $350m

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ydc0jzcm
Seven years after advising India’s largest realtor DLF in its $250m buy of Aman resorts, Luthra & Luthra advised DLF in selling Aman back to its owner Adrian Zecha for $358m (Rs 1,600 crore).

Shearman refers Luthra role in $260m Aditya Birla Canadian BPO sale

Luthra & Luthra and Shearman & Sterling advised Capital Square Partners, CX Partners and a group of investors led by them, in buying Canada-based business process outsourcer Aditya Birla Minacs Worldwide. Aditya Birla Minacs was advised in house. Its parent Aditya Birla Nuvo will divest Ad...