Corporate

A&O HK India cap markets partner Amit Singh defects to Linklaters Singapore

Allen & Overy’s Hong Kong-based India group lawyer Amit Singh, who had been promoted to A&O’s partnership in 2014, has joined Linklaters in Singapore as a partner, according to a Linklaters press release yesterday.

ELP tax partner Ranjeet Mahtani moves to tax juggernaut Dhruva Advisors

Economic Laws Practice (ELP) Mumbai-based tax partner Ranjeet Mahtani is joining Dhruva Advisors as a partner.

AZB hires Arundhati Bhattacharya, ex-SBI-chair, ex-top-25-world’s-most-powerful woman, as part-time senior consultant

AZB & Partners Mumbai will hire former State Bank of India (SBI) chairwoman Arundhati Bhattacharya as a senior consultant, we reliably understand.

Legasis, Sahai help Snackible foods raise early round from SAM’s Akshay Chudasama, others via Mumbai Angels, 1Crowd-funding

LightSaber Food Ventures Pvt. Ltd, which sells healthy foods under the Snackible brand online and offline, has received early stage investments from the Mumbai Angels and early-stage investor / equity crowd funding platform 1Crowd for an undisclosed amount, according to VCCircle . Sahai & Co pa...

Khaitan, Platinum act in Advent $326.2m buy of India’s largest PET plastics maker Manjushree Technopack

International private equity firm Advent International bought a controlling stake in Manjushree Technopack, India’s largest PET manufacturer, from its existing shareholders including Kedaara Capital and promoters for around Rs 2,400 crores, according to reports . Khaitan & Co advised Advent Int...

AZB, Khaitan double-team Reliance as Link Legal + SAM assist Den Networks on yet another $311m Jio payday [UPDATE-2]

Reliance Industries is buying 66% of Den Networks via a primary investment via preferential issue of Rs 2,045 crore and a secondary purchase of Rs 245 crore from the company’s promoters, according to reports . Link Legal India Law Services acted for Den Networks and its promoters, led by partner Anu...

Jio goes shopping for $399m: CAM helps Reliance Industries, Trilegal for Hathway

M ukesh Ambani’s Reliance Industries, for its telecoms upstart giant Jio, has agreed to buy a majority 51.3% stake in Hathway Cable & Datacom for Rs 2,940 crore through a preferential issue and an open offer to minority shareholders in Hathway subsidiary GTPL Hathway, according to reports . Cyr...

Adani SVP legal Badrinath Durvasula joins Hindustan Construction as GC in Mumbai

The Adani Group’s senior vice president legal, Badrinath Durvasula, who was heading the legal function’s M&A, contracting, litigation and arbitration vertical, has joined Hindustan Construction Company (HCC) as vice president and general counsel (GC).

Khaitan indirect tax senior exec director Nihal Kothari passed away yesterday

Nihal Kothari, executive director in Khaitan & Co’s indirect tax team in Mumbai, passed away yesterday.

ELP Delhi bulks up with Khaitan principal associate, IP ‘08 Abhishek Sanyal as associate partner

Khaitan & Co principal associate and IP Delhi 2008 alumnus Abhishek Sanyal has joined Economic Laws Practice (ELP) as associate partner in Delhi.

JSA, Platinum act on France’s Teleperformance $1bn buy of India’s Intelenet from Blackstone

French outsourcing firm Teleperformance has bought business process solutions company Intelenet for $1bn from Blackstone, in a transaction that had been announced in June, according to reports . Platinum Partners acted as Indian counsel for Mumbai-headquartered Intelenet , which had been founded in ...

Karanjawala files criminal defamation suit for ex-journo MJ Akbar over one #MeToo accuser’s tweets [READ COMPLAINT]

Karanjawala & Co has filed a criminal defamation complaint for parliamentarian MJ Akbar today against a female journalist who had alleged in Tweets on 8 October that she had been sexually harassed by him while he was her boss and a senior editor.

JSA helps Origo Commodities raise $10.8m from several investors

“Origo Commodities has raised ?80 crore from impact investors Oikocredit, Caspian SME Impact Fund IV, and Triodos Investment Management through its Hivos-Triodos Fund,” according to the Hindu BusinessLine . The 2010-founded company provides “agriculture supply chain solutions and financing for all p...

JSA raises $5.4m for trucker logistics co GoBOLT from Aavishkaar

“Mamuni Das Logistics start-up GoBOLT has secured funding of ₹40 crore from Aavishkaar-Intellecap Group’s Aavishkaar Bharat Fund,” reported The Hindu BusinessLine about the Series B fund raising from the AIF. J Sagar Associates (JSA) advised Camions Logistics Solutions Private Limited (a.k.a. GoBOLT...

JSA on True North $94m investment in Ban Labs’ Sesa Haircare

“Private equity firm True North has acquired a 75% stake in Ban Labs Pvt. Ltd, the owner of the Sesa Hair Oil brand, for about Rs 700 crore, said a person familiar with the matter,” Mint . J Sagar Associates (JSA) advised the promoters of Ban Labs Private Limited (BLPL), led by partner Sidharrth Sha...

Superion buys US company Aptean with Indian subsidiaries, AZB for Bain

Bain Capital and Vista Equity Partners-backed Superion, has taken over US-based Aptean and its Indian subsidiaries, a company working in public sector and health-care space, according to Bloomberg . AZB & Partners advised Bain Capital led by partners Ashwath Rau and Anu Tiwari , senior associat...

AZB advises New Zealand’s Fonterra on JV with Future Group

“Fonterra, the world’s biggest dairy exporter has entered into an equal joint venture with Future Group to launch dairy products in India,” reported the ET . AZB & Partners advised Fonterra Co-operative Group Limited led by partner Ashwath Rau , partner Aditya Singh Chandel on tax, and senior a...

Fairfax increases equity to 43% in Sanman Chemicals for $388m, with AZB

“Fairfax India Holdings Corporation, a part of Canadian billionaire Prem Watsa’s Fairfax Holdings, is gearing up to increase its equity interest in the city-based Sanmar Chemicals Group to 43% from the existing 30%,” reported The Hindu . AZB & Partners advised Fairfax India led by partner Roxan...

Asian Development Bank, advised by AZB, makes $9m Series A in DCDC dialysis centres

“The Asian Development Bank (ADB) has agreed to invest $10 million (Rs 68.7 crore) in DCDC Health Services Pvt. Ltd, which operates dialysis centres under the brand Deep Chand Dialysis Centre,” reported VCCircle . AZB & Partners advised Asian Development Bank (ADB) led by partners Gautam Saha a...

$34m sale by Michael & Susan Dell of Svatantra with AZB, Veritas, Khaitan

Ananya Birla is in advanced negotiations to acquire Micro Housing Finance Corp, which provides home loans to urban households with lower income, for around Rs 300 crore, reported ET and according to AZB’s press release.