Corporate
Link Legal (DH) Mumbai hires RM Partners lit-corp duo Nikhil Rodrigues, Jyoti Maheshwari as partners
Link Legal India Law Services has hired the co-founders of RM Partners, Nikhil Rodrigues and Jyoti Maheshwari, as partners in its Mumbai office.
Fox & Mandal Calcutta hires Khaitan & Co Cal SA Atreyee Sen as principal associate in corporate
Fox & Mandal Kolkata - the Kolkata partnership of the Fox Mandal group of three firms - has hired Khaitan & Co Kolkata senior associate Atreyee Sen as a principal associate in its corporate practice.
2002-NLS pure-homegrown Luthra corporate partner Pranjal Bora departs
Luthra & Luthra partner, Pranjal Bora, homegrown at the firm for 15 years, has left the firm, we have learned.
DSK, CAM on $151m Gaja, KKR PE in Avendus
“Mid-market private equity firm Gaja Capital and global PE buyout specialist KKR have jointly led a Rs 980-crore investment in Avendus Capital, as the domestic financial services firm looks to scale up its asset management and newly-launched credit businesses,” reported the Economic Times.
K Law, AZB, CAM, Indus on $15m Kinara Cap funding from Gaja Capital, new investor GAWA, others
MDP forays into banking, hires ex-IDBI DRT head Ashok Kumar Mishra as senior partner
Ashok Kumar Mishra, former Kolkata debt recovery tribunal (DRT) presiding officer and former general manager legal of IDBI Bank, has joined Mumbai-based MDP & Partners (formerly M Dhruva & Partners) as a senior partner to head its banking practice.
Read ED submission in SC to keep lawyer Rohit Tandon jailed: Laundered up to Rs 128 cr demonetised notes, won’t explain origin of cash
T&T Law founding partner Rohit Tandon, now in jail for nearly a year in one of the most high-profile arrests carried out in the wake of the government’s demonetisation drive in 2015, is now awaiting a final order of the Supreme Court over his bail plea in the money laundering case against him.
Rajaram, Khaitan on Ziploan’s $3m fundraise from Matrix and others
Online lending startup Ziploan, operated by Delhi-based Blue Jay Finlease, has raised Rs 20 crores (around $3m) in a funding round led by Matrix Partners India along with existing investors Whiteboard Capital, Waterbridge Ventures, Capital 18 Managing Director Sarabvir Singh & GrowX Projects as reported by VC Circle and The Economic Times.
Solomon & Co founder’s great-granddaughter promoted to equity in Paris-Mumbai • Now 10 partners with AP promo
Michelle Solomon Le Page has been promoted to equity partner on 1 October at Mumbai-headquartered firm Solomon & Co, which had been founded by her great-grandfather in 1909.
Cleary promotes Amarchand-NLS-alum Nallini Puri in London in tiny round of 3
US-international firm Cleary Gottlieb Steen & Hamilton has promoted three to partner this year, including London-based M&A lawyer Nallini Puri, reported The Lawyer and others.
Luthra hires British QC as intern for 3.5 hours in charity auction: ‘Very special firm’
Luthra & Luthra has outbid Singaporean firms in a charity auction at a legal event in Singapore to secure the mock internship of English queen’s counsel (QC) and Essex Court Chambers tenant Toby Landau, according to Bar & Bench.
SAM, Luthra, A&O advises Apollo Tyres on $230m QIP
CAM undercuts SAM, Luthra by 5-12x to win complex Air India sale mandate for only Rs 29.9 L [UPDATE: Technical scores]
Cyril Amarchand Mangaldas (CAM) has significantly underbid competitors Shardul Amarchand Mangaldas (SAM) and Luthra & Luthra to win the final rounds of blind bidding for the mammoth strategic Air India disinvestment, quoting Rs 29.9 lakh ($46,100) in fees for what is expected to be a complex series of corporate M&A deals, said sources with knowledge of the bid.
SAM, CAM, Hammurabi, CB, Luthra, ALMT & Trilegal pitch for Air India disinvestment mandate
Shardul Amarchand Mangaldas (SAM), Crawford Bayley, Luthra & Luthra, ALMT Legal, Trilegal, Hammurabi & Solomon and Cyril Amarchand Mangaldas (CAM) have applied to act as legal advisors on Air India’s share sale, reported the PTI.
Samvad for Policybazaar $79m Series E, as Khaitan for Temasek, CAM for Premji
Online insurance selling platform Policybazaar, which is operated by ETechAces Marketing and Consulting, has raised Rs 515 crore ($79 million) in a Series E funding round, as reported by VC Circle.
NLS firm MD&T Partners merges with younger firm Equitas Legal to up lit capacity
Bangalore law firm MD&T Partners merged with litigation firm Equitas Legal on 1 October, to form a six-partner, 17 lawyer firm in the city.
JSA advises PepsiCo on sale of franchise rights for Odisha and MP to VBL & divestment of its shareholding in SMV Beverages
Tags: J. Sagar Associates (JSA)PepsiCo India Holdings (PepsiCo) has sold its franchise rights for the State of Odisha and parts of Madhya Pradesh to Varun Beverages Limited (“VBL”), PepsiCo’s largest bottler in India and the flagship company of the R K Jaipuria Group, as reported by Money Control and Business Standard. VBL will now be a franchisee for PepsiCo products across 18 states and 2 union territories in the country.
Kochhar Chennai partner Hufriz Wadia back to banking as AZB Mumbai counsel with Bahram
Kochhar & Co Chennai-based partner Hufriz Wadia has joined AZB & Partners as counsel in Mumbai on 16 October.
‘Ludicrous’: 94% of foreign firms don’t actually want to open an India office in an SEZ reveals survey, cast doubt on gov plans
In an online straw poll of foreign law firm India group partners we conducted, 15 out of 16 (94%) responded that opening an office in a special economic zone (SEZ) in India “would not be interesting for us under any circumstances”, casting doubt over the government’s current seemingly preferred approach to liberalise the Indian legal market by starting with SEZs.