Corporate
AZB with Adani in-house do Lanco’s $1bn Udupi Power station sale
AZB & Partners advised the Lanco Infratech on selling, for over Rs 6,000 crore ($995m), its stake in Udupi Power Corporation to Adani Power, which was advised in-house. AZB partner Yashwant Mathur, senior associates Namrata Vishwanath, Esha Pruthi and associates Abhyudai Singh and Shridha Malho...
Lakshmikumaran goes global: Opens full-time Geneva office to tap developing world’s WTO work

StanChart legal deputy Sapan Gupta creates first GC role at Bajaj Finance
Standard Chartered deputy head of legal Sapan Gupta has moved to Bajaj Finance as its first chief legal officer. At Bajaj Finance he will be responsible for setting up the formal legal function, reporting directly to the non-banking financial company’s (NBFC) CEO. His work will include finance and c...
After 3-year snooze, UK law minister puts Indian legal liberalisation on agenda again
UK law minister Shailesh Vara, who is of Gujarati origins, has lobbied for the entry of foreign law firms to practise non-Indian transactional law here during his ongoing visit to India. Vara said at a press conference in Ahmedabad, according to the PTI : “I had met Indian Law Minister Ravi Shankar ...
Kingfisher with Agarwal Law, Manu Singhvi loses in SC appeal to UBI, advised by Verus, Rohatgi
Kingfisher Airlines, advised by Agarwal Law Associates, lost in the Supreme Court yesterday after its special leave petition against last week’s Calcutta high court order , as reported by Legally India , was dismissed in the beleaguered operator’s wilful default battle with the United Bank of India ...
Amarchand opens in Gurgaon, moves 4 partners | Claims 705 lawyer national headcount: Still on 1,000 target?

Breaking: Clasis London office with Mumbai team & Sakate Khaitan break away into new Indo-UK firm

Verus for UBI on Kingfisher Airlines Rs 400 crore default battle
Verus advised the United Bank of India (UBI) which won in the Calcutta high court yesterday against Kingfisher Airlines. The high court dismissed Kingfisher’s appeal against a single judge order disallowing Kingfisher’s request for legal representation in wilful defaulter notice served on the Airlin...
Vedanta GC Ajit Yadav sets up own law firm shop
The Vedanta Group’s former general counsel Ajit Yadav has started up the law firm Lexaya Partners four months ago, reported Bar & Bench . Lexaya Partners is a corporate and business law advisory firm according to his Linked-in profile , focusing on corporate law, power, infrastructure, ports, n...
Ashurst bestie ILP eyes Bangalore, promotes first non-founding partner, Gaurav Wahie, to partnership

DSK won’t reopen in Bangalore as local partner AKS goes independent again

Verus, Wadia Ghandy on $82m ABRL borrowing from Yes Bank
Verus advised Aditya Birla Retail on its Rs 500 crore unsecured, unlisted, redeemable non-convertible debentures issued to Yes Bank. The investors were advised by Wadia Ghandy. Verus partner Jay Parikh and associate Aastha Khurana acted for Aditya Birla. Wadia Ghandy partner Nihaas Basheer acted for...
Amarchand senior partner Bharati Shroff passes away
Bharati Shroff, the largest single equity holder in Amarchand Mangaldas and mother of managing partners Cyril and Shardul Shroff, passed away earlier today. Bharati Shroff was the wife of Suresh Shroff who died in 1994, and she continued playing an important role in the management of the firm and wa...
Kochhar Chennai senior partner Sivanandaraaj & 15 lawyers leave for more big firm referrals

SIAC Mumbai founder Vivekananda N joins Allen Gledhill after 300% India-Singapore arbitration boom

Desai & D, VNS seal Rs 40 cr Hyderabad hospital buy by Aster DM
Desai & Diwanji partner Siddharth Mody acted for Aster DM Healthcare, which invested Rs 41 crore ($6.8m) in Sri Sainatha MultiSpeciality Hospital, which owns and manages the Prime brand of hospitals in Hyderabad. Chennai-based VNS Legal partner Shiva Shankar acted for Sri Sainath. The Desai ...
Big 5 & IndusLaw top private equity rankings by value, as AZB, ALMT did most deals

Amarchand, Linklaters + three foreigns do one of India’s biggest bond restructurings in $500m Suzlon deal
India’s largest wind turbine supplier Suzlon Energy has restructured four series of convertible bonds, involving the existing bonds being substituted by $547m of new step-up convertible bonds due in 2019, pursuant to a consent solicitation and voluntary substitution, reported Mint . Amarchand Mangal...
Deals in brief: Mahindra-Tsubakimoto JV | Rs 1000 cr M&A for Luthra | AMSS-S&R-CC QIP | Sotheby in India | more

Khaitan & Co closes PXV acquisition with 8 associates for ‘strong synergies’ & ‘specialist experience’
