Corporate

$10m HDFC buy of Good Host Spaces draws in SAM, Tatva, Argus

HDFC has bought a 25% stake in student housing venture Good Host Spaces from Manipal Integrated Services, for Rs 69.5 crore, reported Deal Street and others. Shardul Amarchand Mangaldas acted for Goldman Sachs and Good Host Spaces , according to its press release, advising on shareholders agreement,...

Themis, Inventus on $11.5m Meesho funding led by Sequoia

“Online marketplace Meesho, which uses social media platforms such as WhatsApp and Facebook to drive sales, has raised $11.5 million in a series-B round led by Sequoia India. Existing investors SAIF Partners, Y Combinator and Venture Highway also participated in the funding round. Meesho has so far ...

NDA, Trilegal, Platinum, AZB, Phoenix, Luthra, Samvad on $1bn funding in Star Health

“Safecrop Holdings Pvt Ltd, a consortium of investors, including WestBridge AIF, Rakesh Jhunjhunwala and Madison Capital, has signed a definitive agreement with the shareholders of Chennai-based Star Health & Allied Insurance Company Ltd to acquire their shares. While the company and investors ...

DSK ramps up knowledge management with ex-AZB corp partner Shyamali Singh (to be working flexibly, after maternity)

DSK Legal has hired former AZB & Partners Mumbai corporate partner Shyamali Singh as head of knowledge management.

Former Naik & Naik manager, blawger Anushree Rauta joins ANM as media law partner

Former Naik Naik & Co manager Anushree Rauta joined ANM Global as a partner heading its media and entertainment practice, effective 1 August.

Samvad, Link Legal on $4m Hansel funding by Vertex, others

“Mobile app management platform Bengaluru-based Hansel Software Pvt. Ltd said it has raised $4 million led by Vertex Ventures. Existing investors IDG Ventures India and Endiya Partners also participated in the round,” reported Mint . Samvad Partners partner Nivedita Nivargi and associates Divya Shan...

Juris Corp on $1m HappyEMI funding

“Consumer lending platform HappyEMI, owned by Hyperkonnect Technologies Pvt. Ltd, has raised $1 million (Rs 6.86 crore) from Chennai-headquartered early-stage venture firm AJ Ventures and Investments and the angel network of Jain International Trade Organisation (JITO),” reported VC Circle . Juris C...

DSK, Veritas on $90m True North buy in Glenmark

“Glenmark Pharmaceuticals said it has entered into a collaboration with private equity firm True North for its orthopaedic and pain management business for India and Nepal market. Under this collaboration, Glenmark’s orthopaedic and pain management business, valued at Rs 635 crore, will be transferr...

CAM, Link Legal, Simpson Thacher, WongPartnership, Simmons on $530m KKR buy in Ramky Enviro Engineers

“Private equity firm KKR and Co. on Sunday said that it will acquire a 60% stake in environmental solution provider Ramky Enviro Engineers Ltd (REEL) for $530 million. This is the largest buyout by a private equity firm in India’s environmental services sector,” reported Mint . A Cyril Amarchand Man...

ILP, Ashurst reprise Hyundai action on funding in Revv with SAM, ELP

“Hyundai Motor Company has invested in Indian self-drive car rental startup Revv, joining a raft of global carmakers backing new tech-enabled ventures that are transforming the auto industry worldwide,” reported VC Circle . Indian Law Partners (ILP) partners Gopika Pant and Vineet Gupta , senior ass...

Nalsar ‘15 alum quits Khaitan Mumbai, joins mutual fund start-up Scripbox as legal head

Nalsar Hyderabad 2015 alumnus Nishant Prasad has joined mutual fund distributor Scripbox as its sole legal counsel.

Cyril Amarchand promotes 12 partner • Half in Mumbai, 5 in corp • 5 from Symbi, 1 GNLU • Hires Khaitan PA

Cyril Amarchand Mangaldas has promoted 12 of its lawyers to partner level, and two to partner designate, according to the firm’s press release.

CAM + SAM-now-CAM Akila Agrawal complete $90m SPI acquisition for long-SAM-client PVR cinemas

Entertainment and cinema giant PVR has bought a 71.7% stake for Rs 633 crores in South India’s largest cinema exhibitor SPI Cinemas, making PVR the world’s seventh largest cinema exhibitor, according to Mint . Cyril Amarchand Mangaldas (CAM) acted as legal counsel to SPI Cinemas and its promoters Ki...

Legasis, Verist act on 1Crowd funding in Tessol

“Tessol, a Mumbai-based start-up in the CleanTech-led cold chain logistics space, has recently raised an undisclosed amount in follow-on equity funding from early stage venture capital firm 1Crowd, and existing investors Infuse Ventures and Ankur Capital,” reported the Hindu Businessline . Legasis P...

Khaitan on HUL buy of Adityaa Milk from Vijaykant Dairy

“Hindustan Unilever Ltd (HUL) on Monday said it has agreed to buy ‘Adityaa Milk’ ice cream brand from Karnataka-based Vijaykant Dairy and Food Products Ltd for an undisclosed amount aiming a larger slice of the fragmented ice cream market in India. HUL, which already sells ice creams under the Kwality Wall’s, Magnum and Cornetto brands, has signed an agreement with Vijaykant Dairy to buy ice cream and frozen dessert business of the company along with its front-end distribution across Karnataka, Maharashtra, Goa and Kerala where the company has presence,” reported Mint.

Chandhiok & Associates becomes Chandhiok & Mahajan, gets first 3 non-founding partners

Chandhiok & Associates has rebranded to Chandhiok & Mahajan and has also promoted associates to partners, after first starting four years ago as a sole proprietorship.

SAM, AZB, HSA on $325m Tata Power defence biz sale to Tata Advance Sys

“Tata Power, India’s largest integrated power company, today announced that its board has approved the sale of its defence business to Tata Advance Systems Ltd, a wholly owned subsidiary of Tata Sons at an enterprise value of Rs2,230 crore,” Mint reported in March.

SAM’s Akila Agrawal joins CAM as M&A head after 3.5-months’ notice

After a three-and-a-half month wait, Shardul Amarchand Mangaldas (SAM) Delhi-based corporate equity partner Akila Agrawal has now joined Cyril Amarchand Mangaldas (CAM) as the head of its M&A practice, according to its press release.

JSA, KCo, Tri, CAM, AZB are best law firms to work for, according to consultant survey

Law firms J Sagar Associates (JSA), Khaitan & Co, Trilegal, Cyril Amarchand Mangaldas (CAM) and AZB & Partners (roughly in that order) were consistently ranked as the top 5 of big law firms in terms of “culture”, “leadership” and “rewards & recognition”, “satisfaction” and “pride”, according to a survey by legal recruitment and management consultant Vahura.

Luthra rebrands to L&L Partners Law Offices, ‘stylised pentagram’ logo • Scoop: Promotes NUJS Abhiroop Lahiri to partner + 5 in lit, tax [UPDATE-2]

Luthra & Luthra Law Offices, as its full official name has been, is now called L&L Partners Law Offices, we have learned from sources and Bar & Bench has reported.