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

Geneva: Window to the world (trade organisation)
Geneva: Window to the world (trade organisation)
“)Lakshmikumaran & Sridharan (LKS) opened its first international office on Friday, with an Indian law firm Geneva debut.

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?

Gorgeous Gurgaon (?
Gorgeous Gurgaon (?
Amarchand Mangaldas has opened a new office in Gurgaon with four Delhi partners

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

Sakate Khaitan
Sakate Khaitan
Clasis Law co-founding partner Sakate Khaitan and three Clasis senior associates have started Khaitan Legal Associates, a law firm with offices in Mumbai and London.

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

Gaurav Wahi
Gaurav Wahi
Indian Law Partners (ILP) promoted its first non-founding partner into the partnership in Delhi with counsel Gaurav Wahie, effective from 1 April..

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

Bangalore vs Pune
Bangalore vs Pune
DSK Legal’s only partner in Bangalore, Ajesh Kumar Shankar, demerged his practice from DSK into AKS Law Associates in April, going 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

Sivanandaraaj
Sivanandaraaj
Kochhar & Co Chennai litigation head and partner J Sivanandaraaj is going independent with his team of 15 lawyers.

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

Vivekananda N
Vivekananda N
Singapore International Arbitration Centre (SIAC) deputy registrar Vivekananda Neelakantan joins top Singapore firm Allen & Gledhill.

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 &#x...

Big 5 & IndusLaw top private equity rankings by value, as AZB, ALMT did most deals

Winning: Everything
Winning: Everything
AZB & Partners came out on top of a 2014 first-half-year league table released by corporate analytics company Venture Intelligence, recording 22 deals worth more than $2bn.

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

Deals in Brief
Deals in Brief
Some of the deals lawyers have been working on this month that we didn’t manage to cover separately.

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

Khaitan PXV joiners
Khaitan PXV joiners
Khaitan & Co has completed its acquisition of the practice and teams of three co-founding partners of PXV Law Partners.