Corporate

Slaughter & May tops 2017 int’l-India mergermarket league tables, as 2016 topper Freshfields drops off charts

Slaughter and May has topped the mergermarket value league table of international law firms that advised on M&A deals in the 2017 calendar year.

High time: Luthra bulks up corp, PE strength with Trilegal counsel Vishwanath Pratap Singh as partner

Trilegal Delhi corporate, M&A and private equity counsel Vishwanath Pratap Singh has left the firm several weeks ago and is understood to be joining Luthra & Luthra as a partner in Delhi.

5+ year old foreign law firms case hearing again today

The Supreme Court refused to entertain adjournment pleas by senior advocates in today’s hearing of the Bar Council of India (BCI) writ against the entry of foreign law firms into India, reported Bar & Bench.

Khaitan advises Itochu’s Singapore subsidiary on buy of Aegis Logistics’ LPG terminal arm for $38m

Itochu Petroleum Co, the Singapore-based subsidiary of Japanese trading company Itochu Corporation has announced the acquisition of 19.7% stake in Aegis Logistics’ wholly-owned subsidiary, Hindustan Aegis LPG (HALPG), for INR 239 crores (apporximately $37.8m), as reported by Business Standard and VC Circle in May of last year. In addition to India, Itochu Corporation, the Japanese multinational trading group specialising in oil & gas, metals and other commodities, operates LPG import hubs in Japan and the Philippines.

Salve, Delhi HC revising Original Side Rules: Would smack frivolous litigants with huge costs [UPDATE-1]

Senior advocate Harish Salve helped the Delhi high court approve, but not yet notify, a set of new rules which would enable it to impose a staggering and unprecedented amount of costs on litigants filing frivolous cases before it, encourage video-conferencing trials and reduce litigation time in other ways.

India’s top 30+ M&A firms of 2017: AZB, SAM top mergermarket rankings as CAM drops, Luthra takes bottom rungs

AZB & Partners and Shardul Amarchand Mangaldas (SAM) acted on the biggest and greatest number of deals respectively, according to mergermarket (MM), which captured far fewer deals than both Bloomberg and Thomson Reuters databases that we had reported last week, in part due to its different deal eligibility criteria (see below).

32% of ex-SC judges believe police torture is a necessary evil, reveal NLU Delhi talks to 60 ex-judges on the death penalty

The death penalty would stay on Indian statute books for at least another 50 years, predicted a former Chief Justice of India (CJI) in a wide-ranging study of opinions of former apex court judges conducted by NLU Delhi on the death penalty in India.

Legasis for 1Crowd Group, JSA for Ankur Cap on fundraise of rural healthcare provider Karma

Rajasthan-based healthcare provider Karma Primary Healthcare Services has raised an undisclosed amount in a funding round led by early-stage investor and equity crowd-funding platform 1Crowd and its investor community, according to a press release by Legasis Partners. The health-tech startup had ear...

Bloomberg vs Reuters M&A '17 league table special: AZB gains on S&R, SAM, CAM • Luthra nearly drops off

AZB & Partners was the busiest and fastest growing law firm in India this year according to year-end rankings released separately by Bloomberg and Thomson Reuters.

Delhi HSA-breakaway Neeti Niyaman enters Mumbai with small office & HSA assoc partner Vaidehi Naik

Former HSA Advocates partners Sakya Chaudhuri, Avijeet Lala and Anand Shrivastava’s Delhi start-up Neeti Niyaman has expanded to Mumbai with the opening of a new office in Fort.

MDP adds corporate, projects verticals with ex-MDP associates Pranav Jain, Malav Virani as partners

MDP & Partners now again has a corporate practice and a projects / banking practice respectively with the addition of two new partners after rehiring former associate Pranav N Jain and former associate Malav Virani.

JSA assists PE giant Carlyle on majority buy of SAM healthcare client Visionary RCM Infotech in Chennai

US-based private equity major Carlyle Asia Growth Partners has made an undisclosed but a significant majority stake acquisition in Chennai-headquartered healthcare solutions provider Visionary RCM Infotech (VRCM) through its affiliate Carlyle Growth Investments IV to support its growth and expansion...

Khaitan, CAM rideshare $40m Ola snack of Foodpanda

“Ola, operated by ANI Technologies Pvt. Ltd, has acquired online food delivery start-up Foodpanda India from its German parent Delivery Hero AG in an all-stock deal that will see the ride-hailing firm infuse $200m in Foodpanda India’s operations,” reported Mint.

Archana Balasubramanian’s Agama sees Tata Chem counsel Nitin Jain join as managing partner

GLC Mumbai 2007 alumnus Nitin Jain has joined his GLC senior Archana Balasubramanian’s four-year-old start-up Agama Law Associates as managing partner, having left his role as in-house counsel at Tata Chemicals.

LKS partners, NLUJ ‘07-batchmates Abir Roy, Sundar Ramanathan start on own • To collaborate with recent senior LKS exit Seetharaman

Lakshmikumaran & Sridharan (LKS) Delhi-based partners Abir Roy and T Sundar Ramanathan have left the firm to start-up an independent firm in collaboration with former LKS senior partner S Seetharaman, who left the firm in October.

DMD, Khaitan, Phoenix on Gaja Capital $25m seasoning of celeb chef Jiggs Kalra’s Massive Restaurants

Premium dining venture Massive Restaurants owned by popular chef Jiggs Kalra and his son Zorawar Kalra has recently raised Rs 160 crores (approximately $25m) through a mix of domestic and foreign direct investment from mid-market PE firm Gaja Capital under a primary round, as reported by The Economi...

Ex-JSA, Symbi alum Varun Sriram starts-up VB Legal into Chennai mid-market with Nalsar’07 Bhavya Sriram

J Sagar Associates (JSA) Chennai corporate partner Varun Sriram co-founded corporate law firm VB Legal in Chennai with independent lawyer Bhavya Sriram (no relation) two weeks ago, as first reported by VC Circle.

Poovayya for Edvista early-stage investor Jupiter Cap on Acadgild $10m ed-tech co Aeon buy

Acadgild, the Bengaluru-based online education startup operated by Edvista Education Services has recently been acquired by Aeon Learning in an all-stock deal amounting to Rs 64 crores ($10m) as reported by VC Circle and Mint. Acadgild focuses on online degrees and skill development programmes in big data, deep learning and UI/UX design web development, among others and had raised initial investment from venture capital firm Jupiter Capital and K. Ganesh of GrowthStory.

Cyril, Khaitan, JSA help Mukesh’s Jio buy distressed RCom assets from Anil, for probably billions [UPDATE-1]

Mukesh Ambani-promoted 4G telecoms network Reliance Jio has agreed to buy the mobile business assets (including the spectrum, mobile towers and optical fibre network) of his younger brother Anil Ambani-promoted Reliance Communications, reported the PTI in The Hindu Business Line and others. Cyril Am...

TechLegis, Pinsent & Masons on Indo-UK Healthcare Medicity project

“Indo-UK Institute of Health (IUIH), a healthcare provider, said that work on the second of its 11 Medicity facilities in Amaravati is slated to begin in the coming days as IUIH is scheduled to get possession of allotted land from the Andhra Pradesh government very soon. The hospital is being built in association with King’s College Hospital, London, at an investment outlay of Rs 1,600 crore,” reported the Times of India.