Corporate

Record takeover in green energy space: Trilegal, CAM on $1.66bn Renew buy of Ostro

“Sumant Sinha-led Re-New Power Ventures has finalised the takeover of Ostro Energy for an enterprise value of Rs 10,800 crore ($1.66bn), the biggest M&A deal in the renewables sector,” reported the Economic Times . Trilegal Delhi partner Harsh Pais was instructed by Ostro general counsel (GC) R...

Attorney general KK Venugopal: Allowing foreign lawyers in Indian lawyers’ interest, banning them is ‘an impediment and we have to realise it’

Attorney general KK Venugopal spoke at an event late last month about foreign lawyers in India, according to the Times of India:

In major surprise move,  ALMT’s  Hitesh  Jain and team of near-30 to join Juris Corp

ALMT Legal senior partner Hitesh Jain, whom we had first reported as moving out of ALMT on 24 March, will be joining Juris Corp as a partner, we understand from reliable sources.

CAM, Khaitan on $105m Feedback Infra raise from ADV Partners

Infrastructure services provider, Feedback Infra has raised Rs 685 crores (around $105m) from Asian PE manager ADV Partners through a mix of equity and debt investment, with a secondary acquisition of securities from existing shareholders L&T Infra Finance and IDFC, reported The Economic Times ...

Ashurst Hong Kong, IPN Chennai team up again on $737m Korean car part makers’ investment MOU in AP

“Sixteen Korean automobile ancillaries exchanged Memorandum of Understandings with the government of Andhra Pradesh on Monday, bringing in a total investment of $737m and committing employment to 6,583 people,” reported Business Standard . The Honorable Chief Minister was proactively engaged in the ...

Links bestie TTA grows up to make first near-homegrown partner with Shruti Zota

Talwar Thakore & Associates has promoted counsel Shruti Zota in the corporate team to its all-equity partnership of six, from 1 April 2018.

Khaitan Sud-breakaway Gravitas promotes Rahul Gaikwad as first salaried partner

Gravitas Legal has promoted Rahul Gaikwad to salaried partner level.

Karanjawala promotes 3 to senior partner: Instrumental in building firm’s SC, commercial, criminal practices

Karanjawala & Co has promoted three to senior partner rung, effective today: Nandini Gore, Ruby Singh Ahuja, and Sandeep Kapur.

Legacy Law Offices promotes 1 to partner

Legacy Law Offices, founded by managing partner Gagan Anand in 2010, has promoted 1 to salaried partner:Vinay Kumar, disputes.

Orbit makes 3 new senior partners, 3 salaried partners, hires one partner in Mumbai

Damodara Rao, who had left Clasis Law with Orbit senior partner Ishtiaq Ali to start up Orbit with third co-founding partner PV Rao, was elevated to the senior partner designation alongside partners Ashok Kamble and T Ravichandran.

SAM, JSA on $732m Indiabulls stake sale to Blackstone

“Indiabulls Real Estate Ltd (IBREL) has executed definitive transaction documents with global private equity investor Blackstone Group LP to divest 50% stake in subsidiaries Indiabulls Properties Private Ltd and Indiabulls Real Estate Co. Pvt. Ltd at an aggregate enterprise value of $1.46bn or Rs9,5...

AZB Pune, JSA advise on Affinion US buy of travel tech co Tavisca Solutions

Global leader in loyalty and customer engagement, Affinion Group has acquired Pune-headquearted Tavisca Solutions, one of Affinion’s top technology partners and a leading provider of innovative technology to the travel industry, as per the press release by Affinion . AZB & Partners acted as the...

Platinum promotes NUJS-alum Sunandan Majumdar to partner, grows to 9

Corporate associate Sunandan Majumdar has been promoted to salaried partnership in Platinum Partners’ Mumbai office, effective 1 April 2018. specialises in corporate M&A and is a 2008 graduate of NUJS Kolkata.

HSA alum Kanika Chugh returns as associate partner in disputes, regulatory, policy

HSA Advocates has re-hired disputes lawyer Kanika Chugh as associate partner in Delhi, after Chugh had left in 2017 to work with her husband in his law firm SKV Law Offices.

DSK grows to 22 partners: Promotes 3 to salaried partner, 5 to associate partner (like designate) [UPDATE-1]

DSK Legal has grown to 22 partners, promoting 3 from associate to salaried partner level, while making five new associate partners, a designation that is equivalent to partner designate and just below salaried partner.

AZB promotes 3 CAM-Ashwath laterals in Mumbai to partner, 1 in Bangalore

AZB & Partners has promoted 4 of its associates to partner level, three of whom in Mumbai had all joined AZB from Cyril Amarchand Mangaldas (CAM) in the last two years, with or shortly after partner Ashwath Rau had moved.

Shardul Amarchand Mangaldas has promoted 3 partner designates to salaried partner

In a very Amarchandian of steps, Shardul Amarchand Mangaldas has promoted the only three of its “partner designates” to salaried partner level, in a promotion that is generally expected to be automatic from year-to-year.

Naveen Goel Law leads Pine Labs on $82m E raise from Actis, Altimeter with Themis for Sequoia

Digital payments startup, Pine Labs has raised Rs 530 crores (around $82m) in a Series E funding round led by PE firm Actis Capital along with tech-focused US investment firm Altimeter Capital, as reported by Mint and VC Circle . It was also reported that with the latest funding, the valuation of th...

Samvad, Khaitan on QuEST Global’s buy of Bengaluru IT firm Exilant Tech

Engineering solutions company, QuEST Global Services, has announced the acquisition of Bangalore-based advanced technology provider Exilant Technologies for an undisclosed amount, as a move for QuEST Global’s 2020 diversification strategy and enter new markets, reported VC Circle and The Hindu Busin...

KKR-backed FIFA, IPL-tech manager GSC gets $80m with JSA, AZB, SAM, 2 foreigns from Emerald

Private equity giant KKR-backed investment platform Emerald Media has picked up a significant minority stake in Global Sports Commerce and its global affiliate Techfront for Rs 520 crores ($80m), through a combination of primary and secondary investments, as reported by Yourstory and The Economic Ti...