Corporate

SAM acts on $100m Ola stake sale to Temasek, founders

“Ola founders, Temasek to acquire 10% stake in ride-hailing firm: Ola’s co-founders, along with Singapore’s state investment arm Temasek, are in the process of buying out a less than 10% stake in the cab-hailing firm’s parent company ANI Technologies,” reported Techcircle . Shardul Amarchand Mangald...

Shardul Amarchand acts in $577.4m NCLT insolvency sale of Amtek Auto by Liberty House

“Liberty House gets NCLT nod for bid to acquire Amtek Auto: Amtek owes over ₹12,300 crore to its lenders, who had initiated insolvency proceedings last July. The Chandigarh bench of the National Company Law Tribunal (NCLT) approved the resolution plan by single bidder Liberty House to acquire the as...

Swiggy eats $1bn more cash: SAM, NDA, Luthra + foreign firms enjoy feast

“Swiggy raises mega $1 billion round, valuation swells to $3.3 billion: Existing backer Naspers to lead the round which has seen the entry of new investors Tencent, Hillhouse Capital and Wellington Management,” reported The Economic Times . Shardul Amarchand and Nishith Desai had also acted on the f...

CAM Delhi partner Manishi Pathak resigns

Cyril Amarchand Mangaldas Delhi Corporate partner Manishi Pathak is to leave the firm, Bar & Bench has first reported.

JSA partnership votes Vivek Chandy with Amit Kapur into much-slimmed management, in hotly democratic elections

After changing its constitution earlier this year, the partnership of J Sagar Associates (JSA) has today elected senior partner Delhi-based Amit Kapur into joint leadership at the firm, alongside partner Vivek K Chandy.

Shardul Amarchand tax, GST partner Sandeep Chilana to leave next year, firm hunts for replacement

Shardul Amarchand Mangaldas (SAM) Delhi-based partner Sandeep Chilana, who is specialising in customs, GST, liquor and state excise laws, has resigned, we have learned.

Jerome Merchant + P, Trilegal act on $28m Mahindra World City investment by IFC

International Finance Corporation (IFC), a member of the World Bank Group, invested Rs 194 crores in Mahindra World City (Jaipur) Ltd, a subsidiary of Mahindra Lifespace Developers Ltd, the real estate and infrastructure development arm of the Mahindra Group, for the development of an industrial par...

Wadia Ghandy partner, homegrown solicitor advocate Kingshuk Banerjee to join Khaitan to beef up disputes in Mumbai

Wadia Ghandy Mumbai partner and litigator Kingshuk Banerjee is set to join Khaitan & Co as partner, as part of a larger plan at the firm to scale up its disputes practice.

Khaitan PA Soumyadri Chattopadhyaya joins client Parkway Pantai as 1st lawyer post Fortis-IHH buyout [CORRECTION]

Khaitan & Co principal associate Soumyadri Chattopadhyaya has joined healthcare provider Parkway Pantai India as legal counsel on Tuesday.

Khaitan assists Dewan Housing on its exit from Pramerica mutal funds JV

“DHFL to exit mutual fund business DHFL Pramerica: Housing finance firm Dewan Housing Finance Corp. Ltd (DHFL) on Tuesday said that it will sell its entire stake in mutual fund business DHFL Pramerica Asset Managers Pvt. Ltd to its [ JV ] partner US-based Prudential Financial Inc., [according to an ...

AZB senior partner Ashwin Ramanathan leaves ‘nervous but excited’ to become an entrepreneur

AZB & Partners senior partner Ashwin Ramanathan, who has been with the firm since 2004, will resign by 1 January 2019 to become an entrepreneur.

Cyril Amarchand, NDA, AZB act on $334.7m sale of Chennai Infocity office park by Canada pensions investment board, Shapoorji Pallonji

“Singapore-based real estate asset manager Mapletree Investment Pte. Ltd is close to buying Chennai-based information technology park SP Infocity, jointly owned by Canada Pension Plan Investment Board (CPPIB) and Shapoorji Pallonji Investment Advisors, for around ?2,300-2,400 crore,” reported Mint ....

Samisti Legal, K Law act on $3m fundraise for Healthplix from IDG

“Healthtech startup HealthPlix raises $3M from IDG Ventures and Kalaari Capital: HealthPlix will use the funds to strengthen its technology and expand its team and services in other geographical markets. Bengaluru-based healthtech startup HealthPlix raised $3 million from IDG,” reported Yourstory.

NLS ‘04 Ankit Kashyap elected partner at Sidley Singapore

NLSIU Bangalore 2004 alumnus Ankit Kashyap was promoted to partner at Sidley Austin Singapore, in its latest round of 30 partner promotions.

ELP associate partner Tomu Francis joins Khaitan as partner

Economic Laws Practice (ELP) associate partner Tomu Francis has joined Khaitan & Co as partner in Mumbai.

Khaitan, AZB act on Babcock & Wilcox exit from JV with Thermax

“Thermax to acquire 100% stake in Babcock & Wilcox JV: The JV - Thermax Babcock & Wilcox Energy Solutions Private Limited (TBWES) established in 2010 has not succeeded,” reported Eqmagpro . Babcock & Wilcox India Holdings Inc exited from its joint venture arrangement in Thermax Babcoc...

Litigation-focused Singhania & Partners spreads wings into corporate with new Gurgaon office

Singhania & Partners has opened an office in Gurugram headed by partner Arjun Anand who is expanding the firm’s corporate practice.

Post-Raghavan taking the black, IndusLaw promotes P Chinnappa as Bangalore lit partner

IndusLaw has promoted Palecanda M Chinnappa to partner in its litigation & dispute resolution department in Bangalore, following Tuesday’s reported departure of V Srinivasa Raghavan to senior counsel-dom.

Samvad, JSA assist NTT on $9m majority investment in payment services firm Atom Tech

“Japan’s NTT Data buys 55% stake in Atom Tech for $9 million: Atom Technologies is a payments services firm owned by 63 Moons Technologies, formerly known as FTIL that was founded by Jignesh Shah,” reported Mint.

Khaitan enters with Japan’s Nichirei into yet another quick $25m round for meat-dot-com Licious, with Rajaram, S&R

“Japan’s Nichirei Corp leads Series D investment in meat ordering platform Licious: Delightful Gourmet Pvt Ltd, the Bengaluru-based startup that owns online meat and fish ordering platform Licious, has raised $25m,” reported VCCircle . In October 2018, Licious had also raised $25m in its Series C, b...