Corporate

L&L hires Dhir banking partner Girish Rawat + 2 lit partners: ex-judge alum Amrita Tonk, indie-ex-CAM Sidhartha Barua

L &L Partners litigation partnership has hired two new partners while banking and finance has added one other. The litigation partnership has added two partners. Former Metropolitan magistrate (from 2013 to 2018), Amrita Tonk had begun her career at L&L in 2010, followed by a secondment at...

White & Brief continues aggressively, adds tax vertical with ELP’s Vineet Nagla, Prateek Bansal to hit 6 partners

Ambitiously expanding young law firm White & Brief has added another partner and department, hiring Economic Laws Practice (ELP) associate partner Vineet Nagla to head its new taxation practice.

Trilegal votes in AZB’s cap markets partner Richa Choudhary

Trilegal has hired Richa Choudhary, who has recently left AZB & Partners in Pune, as its 58th partner.

AZB Pune homegrown cap markets partner Richa Choudhary leaves

AZB & Partners Pune-based capital markets partner Richa Choudhary has resigned from the firm, as first reported by Bar & Bench.

AZB acts for Sterlite on $34.5m buy of Italy’s Optotec

New Delhi: ([Sterlite Technologies Limited) … said it will acquire Optotec, an optical interconnect products company based in Italy. The deal involves acquisition of 100 per cent of Optotec’s shareholding at an enterprise value of EUR 29 million, a statement by STL said. — The Economic Times AZB &#x...

AZB acts on $510m Adani Green Energy JV with Total (Feb ‘20)

Acquisition by Total SA of 50% equity stake in a joint venture into Adani Green Energy Twenty Three Ltd, which will own the targets, according to reports . AZB & Partners advised the targets, including 11 subsidiaries of Adani Green Energy Ltd (namely 1. Adani Green Energy (UP) Limited (AGEUPL)...

Universal acts on India leg of Appscatter’s buy of Airpush mobile ads platform (Nov ‘19)

appScatter Group (LON:APPS) has announced the conditional acquisition of Airpush, subject to certain conditions, including the approval of the Acquisition by shareholders at a General Meeting. — Directorstalkinterviews Universal Legal advised Appscatter Group PLC led by a team of partner Rashi Kapoo...

L&L acts on India part of BakerMc’s massive KKR buy of Wella, Clairol, OPI beauty products in June

Debt-heavy cosmetics business Coty has picked up a $750m investment from private equity major KKR as it looks to shore up its balance sheet amid losing customers to rival brands. KKR has also signed a memorandum of understanding with Coty that it will buy a stake in the company’s professional beauty...

Algo acts on $14.16m Series A for Doubtnut investors (Jan ‘20)

Doubtnut provides video-based solutions to student queries through its app, website, YouTube and WhatsApp — Inc42 Algo Legal advised Surge Ventures , Sequoia and Redwood Trust led by a team of partner Vinayak Mishra , with lawyers Neha Madan , Shreya Raj and Ronak Shah . Also advising was Pier Couns...

CAM to move from 40k sq ft Delhi to 80k Noida office

JSA, Murali act on Linde AG’s sale of Japan Air Water India biz (Jul ‘19)

Air Water Inc acquired the business undertaking engaged in manufacturing, selling and distributing specialty industrial gases, from Praxair India Private Limited. German industrial gases maker Linde AG has agreed to sell its South India business to Japan’s Air Water Inc. (AWI) as part of a deal to c...

L&L acted for TR Cap on Big Basket investment (Jun ‘19)

L&L Partners (formerly Luthra & Luthra Law Offices) advised TR Capital, in connection with purchase of minority stake in Supermarket Grocery Supplies Private Limited, one of the largest online grocers in India operating under the brand ‘Big Basket’, according to reports . L&L Partners...

Pioneer acts for Tata Capital on Konverge Healthcare investment (Aug ‘19)

Investment in Konverge Healthcare Private Limited. Tata Capital Healthcare Fund, the healthcare-focussed private equity arm of financial services firm Tata Capital Ltd, raised Rs.320 crore in 2013 and made around 8 investments till date. It invested in Intas Biopharmaceuticals, Novalead Pharma, Aman...

Poovayya helps Lokal join Y Combinator with $0.15m (Aug ‘19)

Lokal provides local news, information and classifieds for India. Since launching the app 10 months ago, Lokal has grown to 260,000 daily active users and is growing at 27% month over month. “The existing apps only focus on national and state level news,” the founder said. Otherwise, in order to get...

L&L acted for Axis consortium on $506m sale of GMR Chhattisgarh to Adani Power (Aug ‘19)

GMR Infrastructure Ltd … announced signing of agreement with Ltd for sale of entire stake of 47.62% in GMR Chhattisgarh Energy Ltd (GCEL) to Adani Power for an estimated value of Rs 3000 crore. — The Economic Times L&L Partners advised Axis Bank led lenders’ consortium;; with a transaction team...

Khaitan acts on India leg of US VFX studios acquisition

Framestore, whose work won VFX Oscars for ‘Gravity’ and ‘Blade Runner 2049’, gains the former Deluxe creative services companies. In a deal that alters the global visual effects and postproduction landscape, London-headquartered Framestore — the visual effects house whose work on Gravity and Blade R...

Khaitan acts for Allianz Global on $27.5m Sterlite debt financing

Power transmission firm Sterlite Power on Monday said it has raised Rs 200 crore in debt financing from Allianz Global Investors. — The Economic Times Allianz extended private credit to a Sterlite Power Group company in the form of their subscription to senior, secured, unrated, unlisted, non-conver...

Indus sells Housing/PropTiger/Makaan.com owner for $116m to Australians with Trilegal, D&D, Quillon, KWM

Melbourne based real estate advertising company REA Group Ltd has entered into a binding agreement to acquire a controlling interest in Elara Technologies Pte. Ltd. owner of Housing.com, PropTiger.com and Makaan.com. — Hindu Business Line Australia-based REA Group Ltd will hike its stake to take con...

Samisti acts for Medplus on $200m minority investment from Warburg

Warburg Pincus is in advanced talks to invest Rs 1,500 crore in MedPlus for a significant minority stake. A mix of debt and equity will be used to pay off existing lenders such as Goldman Sachs and Edelweiss and also offer liquidity to smaller shareholders of the company. — Projectstoday Samisti Leg...

Rajaram, S&R, AZB, NDA raise $6m for Treebo Hotels from existing investors

Treebo Hotels … announced that it has raised $6 million (Rs 45 crore) in a new round of investment from its existing investors. Matrix Partners India, SAIF Partners, Ward Ferry, and Bertelsmann India Investments participated in this round. The company clarified that the fundraising is subject to reg...