Corporate

Scoop: JSA securities star Somasekhar Sundaresan to go independent [UPDATE: JSA STATEMENT]

J Sagar Associates (JSA) Mumbai partner Somasekhar Sundaresan, one of the top securities lawyers in India, is set to resign and take up independent counsel practice, Legally India understands authoritatively.

End of an era: ALMT moves out of Mumbai's Express Towers, leaving behind SAM as sole firm

ALMT Legal is the last of the previous generation of law firm tenants to move out Mumbai’s Express Towers, leaving only new tenant Shardul Amarchand Mangaldas behind.

Indus, SB Partners on Conscient Hines $75m real estate investment

IndusLaw advised real estate developer Conscient Infrastructure, and SB Partners advised Hines and its global pool of investors, on their joint investment of Rs 400-500 crore to build a residential project in Gurgaon. Indus Delhi partners Gaurav Dani and Nishant Singh, senior associate Anubha Sital ...

Tatva's Ekta Bahl defects to Samvad for Hyderabad expansion

Tatva Legal partner Ekta Bahl has resigned the firm to join Samvad Partners to set up its Hyderabad office to extend “the reach of the firm to Andhra Pradesh and Telangana”.

CAM, SAM, A&O, Shearman & Sterling sell GE businesses to Aion and Plutus

Cyril Amarchand Mangaldas and Allen & Overy (A&O), and tax firm Dhruva Advisors, advised former GE Capital executives Pramod Bhasin and Anil Chawla’s fund Plutus Financials and Aion Capital Partners on buying GE Capital Services India and GE Money Financial Services. The GE firms were advi...

SAM, D&D on Driplex stake sale to Suez

Shardul Amarchand Mangaldas advised Suez Environnement and Degremont on its majority stake buy in Driplex Water Engineering and Driplex Water Engineering International from Driplex’ promoters KL Jain and family who were advised by Desai & Diwanji. SAM Delhi partners Amit Kumar and Saurav Kumar,...

3 ELP partners/SA, Burman, Vyas, Khosla, meet minds & more, start up own firm

Economic Laws Practice (ELP) partner Vinayak Burman, associate partner Amit Vyas and senior associate Archana Khosla have come together to pursue their entrepreneurial dream by starting their own law firm.

Khaitan, BMR, Cuatrecasas, on Rs 150 crore Minda Rinder buy

Khaitan & Co and Cuatrecasas, Goncalves Pereira advised Spain-based Rinder on its Euro 20 million (Rs 147 crore) acquisition by Indian auto parts maker Minda Industries which was advised by BMR Legal. Khaitan Mumbai partners Rabindra Jhunjhunwala and Bijal Ajinkya, associate partner Surbhi Kejr...

Litigator Zulfiquer Hansi joins Kochhar as partner in Bangalore

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Senior litigator Zulfiquer Hansi joined Kochhar & Co in Bangalore as a partner in its labour and employment practice.

Indus, R&C Legal, JSA, Greenberg Traurig on Amazon's buy of Emvantage

IndusLaw and R&C Legal advised online payment gateway start up Emvantage Payments on its acquisition by global e-commerce major Amazon which was advised by J Sagar Associates (JSA) and Greenberg Traurig. Indus Delhi partner Avimukt Dar, senior associate Anubha Sital and associate Shreya Suri an...

Verist Law acts on $26m Borosil buyback

Verist Law advised Borosil Glass Works and Ambit Corporate Finance on the Rs 175 crore ($26m) buyback of Borosil at BSE, through the tender offer route. Verist founder Srishti Ojha, associate Rahul Mishra and former associate Anubhab Dasgupta acted for Borosil and buyback manager Ambit. The buyback ...

Clove Legal, Platinum on Access Asset PE buyout of Teleysia

Clove Legal advised the promoters of Ahmedabad-based Teleysia Networks on selling a controlling stake in it to private equity firm Access Asset Managers which was advised by Platinum Partners. Clove co-founding partners Dharmesh Kotadia and Amit Sirsikar and associate Nupur Rustagi acted for the pro...

Argus Partners expands partnership to 10, promotes 4 with eye on growth story

Argus Partners has promoted four lawyers internally to non-equity partner level.

CAM, SAM, Jones Day, Dorsey Whitney on $742m NTPC OFS

Cyril Amarchand Mangaldas and Dorsey & Whitney advised the ministry of power on the National Thermal Power Corporation’s (NTPC) Rs 5000 crore Offer for Sale (OFS). The OFS was brokered by SBICAP Securities, ICICI Securities, Edelweiss Securities and Deutsche Equities India which were advised by...

DLA, JSA, DSK on GMS Pharma's $22m buy in Strides' Stelis

DLA Piper Middle East and J Sagar Associates (JSA) advised GMS Pharma (Singapore) on its $22m buy of 25.1 per cent equity in Strides Shasun subsidiary Stelis Biopharma which was advised by DSK Legal. DLA Dubai legal director Diwakar Agarwal and legal consultant Erik Stier, and JSA Mumbai partner San...

Advaita hires litigators Kamal Sawhney, Arijit Chakravarty, Dharnendra Rana

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Advaita Legal added three senior principals to its Delhi litigation practice – NLSIU Bangalore 2002 alumnus Kamal Sawhney, former PDS Legal associate Arijit Chakravarty and former BMR Legal associate Dharnendra Kumar Rana.

BCI is drafting regulations on foreign law firm entry

After a meeting between the Bar Council of India (BCI) and the law ministry on the subject of the entry of foreign law firms.

Wadia Ghandy shuts South India operations as Chennai partner Shona Malvi goes independent

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“)Wadia Ghandy has shut its office in Chennai as the firm’s partner heading the Chennai practice, Shona Malvi, is going independent

Trilegal, Khaitan, Shearman on IPCL's buy in Meenakshi Energy

Trilegal and Shearman & Sterling advised French firm Engie on the sale of its entire 89.11 per cent stake in Meenakshi Energy to India Power Corporation which was advised by Khaitan & Co. Trilegal Delhi partners Yogesh Singh and Neeraj Menon, counsel Ravi Mahton and senior associates Amar ...

SC to hear writ challenging 'Triple Talaq', polygamy and Nikah Halala in Muslim marital law [Read Petition]

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The Supreme Court issued notice today on a challenge to the Muslim custom of immediate divorce for husbands on uttering the word “Talaq” thrice.