Corporate

Former GE Power GC Manjaree Chowdhary joins Maruti India as GC

Former GE Power South Asia general counsel (GC) Manjaree Chowdhary joined Maruti Suzuki India as a GC this month, according to her Linked-in profile.

Anand Desai interview: DSK plans big growth • Hires ex-CAMmer Padmini Rathore as CEO • To convert from eat-and-kill after two-year equity freeze

DSK Legal has hired former Cyril Amarchand Mangaldas director Padmini Rathore as its chief executive officer (CEO), in tandem to introducing a lot of internal changes targeting internal growth and a Bangalore office.

Jerome Merchant + P, Platinum on global ad giant GroupM acquisition of Indian creative agency The Glitch

WPP-owned global media investment group, GroupM, has entered into an agreement to acquire a majority stake in the digitally-led creative agency, The Glitch, for an undisclosed sum, expanding into the technology driven communications market in India, reported Mint and The Economic Times . Post the ac...

AZB-Symbi ‘09, RML ’11 alums Kant, Kanha start-up Sequitur on back of Backpacker Panda $1.4m fundraise

Symbiosis Pune 2009 alumnus Utpal Kant and RMLNLU Lucknow 2011 alumnus Prashant Kanha started up corporate and litigation firm Sequitur in Noida this month, and helped Pune based backpacking hospitality platform Backpacker Panda raise $1.4m.

Who won the tough capital markets last year? Khaitan beats CAM to top spot, Luthra scores 3rd in IPO league table • CB got decimated

Khaitan & Co has filed more IPO drafts than any other firm in 2017 just ahead of Cyril Amarchand Mangaldas, in a market where downward pricing pressures have made it tough across the board.

AZB, Trilegal advise Ascendas on $84m sale, leaseback of 6 logistics warehouses with Arshiya

Ascendas India trust, part of the Ascendas-Singbridge Group has completed the acquisition of six warehouses in Panvel near Mumbai with logistics and supply chain company, Arshiya through a sale and leaseback agreement for an estimated Rs 534 crores (around $84m), as reported by The Economic Times . ...

Alpha, Trilegal, Indus on $21m CDC investment in Asian Institute of Med Science

Faridabad-based super-specialty hospital, Asian Institute of Medical Sciences, has raised an investment of Rs 139 crores ($21m) from UK-based development finance institution CDC Group in a frsh round of funding, as reported by VC Circle and Mint . Existing investor Orbimed which backed the healthcar...

5 Indians make top 15 ranking of Asia’s hardest-working M&A partners (try nearly a deal per fortnight, natch)

Five Indian lawyers have made it into a top 15 list of partners across Asia, ranked by the number of deals they completed in 2017 according to database mergermarket, with two Shardul Amarchand Mangaldas partners making what nearly literally translates to a list of hardest working corporate partners in Asia.

IndusLaw, Nishith Desai debug $50m Series A by Accel in web testing platform Browserstack, with Irish, US firms

Mumbai-based web and mobile browser testing platform, BroswerStack has raised Rs 318 crores (around $50m) in a Series A funding round led by US-based venture capital firm Accel for a minority equity position, as reported by TechCrunch and VC Circle . BrowserStack, with offices in Dublin and its Nort...

P&A, Gopal win Delhi HC support of Rs 3,500 cr Singapore ICC arbitration for Daiichi Sankyo vs DMD, Salve for Ranbaxy promoters

“The Delhi High Court has allowed Daiichi Sankyo to enforce an international arbitration award here so that it can recover Rs 3,500 crore from former Ranbaxy promoters Malvinder Singh and Shivinder Singh, marking a victory for the Japanese company. A Singapore tribunal had said the brothers needed t...

Luthra US JD litigator Abhishek Singh joins K Law as Delhi partner

Luthra & Luthra managing associate Abhishek Singh has joined K Law in Delhi as partner in its litigation practice.

Poovayya for Jupiter Capital open offer to buy BSE-listed NBFC TRC Financial Services for $924,000

Leading investment and financial services firm, Jupiter Capital has recently completed the acquisition of up to 33 lakh shares amounting to nearly 66% of BSE-listed non-banking financial company TRC Financial Services, by way of an open offer to the shareholders and contractual arrangements for an aggregate transaction value of Rs 5.92 crores (around $924,000). The offer price of the fully paid shares of TRC Financial Services was quoted at Rs 18 per share.

DSK, D&D Delhi, Goulds on healthcare services firm BR Life $31.2m buy of Odisha Kalinga Hospital

Bengaluru-based leading healthcare services firm and an affiliate of the NMC Group, BR Life has completed a significant stake acquisition of 96% in Odisha’s first super speciality healthcare centre, Kalinga Hospital for an estimated Rs 200 crores (around $31.2m) in two tranches, as reported by The P...

$300m fundraise: BigBasket shops with CAM Bangalore, Alibaba invests in Trilegal [UPDATE: Khaitan for Abraaj]

Cyril Amarchand Mangaldas (CAM) Bangalore-based partner Reeba Chacko led for BigBasket, with partner Akshay Bhat and principal associate S Harish. The firm also acted for the existing investors.

PSA hires Dua manager, Amity ‘07 grad Varun Kalsi as corporate partner • Dhruv Suri promoted last year

PSA, formerly Priti Suri & Associates, has hired Dua Associates Delhi-based manager Varun Kalsi as its third partner.

Diageo VP legal Nischal Hindia to leave drinks giant

Nischal Hindia, who had joined global liquor giant Diageo in 2013 as senior legal counsel from UBS India where he was country counsel, is set to leave the company, according to sources.

Delhi disputes boutique PSP Legal launches corporate, 5-years-in, with Gurgaon office

Five-year old Delhi-based dispute resolution boutique PSP Legal has branched out into corporate practice and opened an office in Gurgaon this week, having added former Clifford Chance Business Services senior manager Rajul Shrivastava as associate partner to head the new office and practice.

$200m investment: AZB orders off Zomato, Trilegal lifts for Alibaba’s Ant, JSA advises InfoEdge [UPDATE: SAM for Temasek]

The stake sale to the subsidiary of Chinese e-commerce giant Alibaba, values the online food ordering biz Zomato at $1.1bn, and has seen law firms AZB, Trilegal and JSA secure roles. Zomato has raised $150m from Ant Small and Micro Financial Services Group (Ant Financial), which is a payments affili...

Liberalisation case closed: Foreign lawyers finally more cautious • LCIA argued for allowing foreigners to arbitrate here • BCI says no (again)

The Supreme Court today finished hearing counsel in the Bar Council of India (BCI) petition against the practice of law by foreign lawyers in India, in a hearing that began in the morning and reconvened at 3pm to finish only by nearly 5:30pm.

Legalogic, Legasis on IndiaNivesh’s minority stake acquisition in facility management services provider CLR Facility Services

Private investment firm IndiaNivesh Venture Capital Fund has invested an undisclosed amount in Pune-based facility management services provider CLR Facility Services, acquiring a minority stake, as reported by Circle . Earlier in January 2017, CLR had acquired majority stake in Mumbai-based Right Re...