Corporate

Amarchand SA Rishi Anand starts Gnarus to compete on price, skills for lower tier work

Rishi Anand
Rishi Anand
Amarchand Mangaldas senior associate Rishi Anand has founded Delhi start-up Gnarus Partners with three associates and one litigation head, aiming to double in size by next year and by attracting second-tier work.

Mahindra QIP: Khaico-Amss | GSK $950m AZB | Rs 5914 cr NMDC divest: ALMT-Amss & 6 more…

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Nine of the biggest recent deals and cases. Click on to read who bagged them…

Amarchand Delhi senior management committee partner Harry Chawla to leave

Chawla & Co: Destination unknown
Chawla & Co: Destination unknown
Exclusive: Senior Amarchand Mangaldas Delhi equity partner Harry Chawla, who also co-heads the Delhi corporate practice and is one of four non-family partners on the firm’s national management committee, is understood to have resigned from the firm.

Amarchand, S&R, Jones Day, Latham sell Rs 1000 crore BPO to Sutherland

Amarchand Mangaldas, with Jones Day, advised healthcare BPO Apollo Health Street (AHSL) and its promoters in selling out for Rs 1000 crore ($184m) to US-headquartered BPO Sutherland Global Services (SGS). SGS was advised by S&R Associates and Latham & Watkins. Amarchand Mangaldas Mumbai ma...

Reina Legal start-up to bring Big Four service levels to legal practice

Gajendra Maheshwari
Gajendra Maheshwari
Exclusive: Former Ernst & Young (E&Y) associate director Gajendra Maheshwari and manager Rajat Bose started up tax and disputes boutique Reina Legal on 1 December in Gurgaon, after hiring seven associates including a mix of chartered accountants (CA) and lawyers.

Start-ups Alliance & Vichar bag Rs 100 cr Japanese chemicals M&A with Jones Day

chemistry
chemistry
Chennai-based start-up Vichar Partners has advised Sree Ramcides Chemicals on its Yen 1,495 million (Rs 98 crore) acquisition by Japanese company SDS Biotech KK, which was advised by Alliance Legal and Jones Day.

Clifford Chance first to form new rule Singaporean profit-share alliance with lit boutique

London-headquartered firm Clifford Chance has entered into a Formal Law Alliance (FLA) in Singapore with newly-founded litigation boutique Cavenagh Law, under the Singapore government’s new structure for international firms to operate in Singapore and offer local law advice. The boutique firm was se...

PXV mans UAV maker’s sell-out to Tata, with AZB

PXV Law Partners advised its old client Aurora Integrated Systems and its promoters in selling out to Tata group’s Tata Advanced Systems (TASL) which was advised by AZB & Partners. PXV Law Partners partners Deepto Roy and Pingal Khan with associate Namritha Joseph acted for the Bangalore-based ...

Khaitan, Amarchand, AZB, Herbies on $193m Otsuka,Mitsui-Claris pharma JV

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Khaitan & Co, with Herbert Smith Freehills, advised the Japanese Otsuka Pharmaceutical Factory (OPF), in co-investing Rs 1050 crore ($193m) in Indian pharma company Claris Lifesciences, to form a joint venture (JV). Claris was advised by AZB & Partners. Japan’s Mitsui & Co, advised by Amarchand Mangladas, was the other investor.

8 Instructions: PVR-LCap-Multiples $47.5m: Amss-AZB-Vaish | DHL-Citi: TTA-Linklaters-Amss-Cleary | Mahindra Satyam-SBI $50m JV: Khaitan-Wong | Ming Yang-GWPL: AZB-AMSS & more…

The rest of the week's deals in one package
The rest of the week's deals in one package
This week’s instructions starring: Amarchand Mangaldas, AZB & Partners, Khaitan & Co, Vaish Associates, Talwar Thakore & Associates, Desai & Diwanji and Khaitan Sud & partners, with Linklaters, Cleary Gotlieb and WongPartnership

Pangea3’s Kamlani and Perla make final exit from the LPO

Legal Process Outsourcing (LPO) company Pangea 3 co-founders Sanjay Kamlani and David Perla exited Pangea3 last month, as was agreed in its $40m acquisition by Thomson Reuters two years ago . Leaving the industry after a decade of pioneering it, Kamlani and Perla were among the first to encourage US...

Star start-up splits: Jerome to Poovayya; Roy keeps Alliance; Kumar may join elsewhere

Break up
Break up
Exclusive: Alliance Legal, which was set up in Mumbai 15 months ago by partners and a senior lawyer from AZB & Partners, J Sagar Associates (JSA) and Talwar Thakore Associates (TTA), is breaking up, and co-founder Vishnu Jerome is in advanced talks to start a Mumbai office for Bangalore firm Poovayya & Co.

Amarchand, Wadia Ghandy lead PVR’s $100m Cinemax takeover

Cinema
Cinema
Amarchand Mangaldas Delhi advised cinema chain PVR, which is buying rival chain Cinemax India by acquiring shares from the promoter – who are advised by Wadia Ghandy - and a subsequent open offer valued at around Rs 540 crore ($100m).

Deals: Maverick Mobile Money: ALMT | $140m Avantha: Khaico-JSA-Baker | Rs 150 cr TTK-Reckitt: Khaico-JSA-PRA | TV18 $505m rights issue: Khaico-Amss | Jack Bauer Anil Kapoor & More

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Khaitan & Co, Amarchand Mangaldas, J Sagar Associates (JSA), Naik Naik & Co, ALMT Legal, PRA Law Offices and Vaish Associates on some of the week’s top deals.

‘You need to be in Singapore’: Dorsey India counsel Benson migrates to Duane Morris

Benson: Moving to the action Dorsey & Whitney London special counsel Jamie Benson, who has played a key role in several of the firm’s Indian capital markets transactions, has moved to the Singapore office of US law firm Duane Morris & Selvam to co-head its India practice. Benson, who speci...

Amarchand taps Khaitan for counsel Mukund Puranik & SA

Exclusive: Khaitan & Co Mumbai counsel Mukund Puranik and senior associate Atman Desai will be joining Amarchand Mangaldas as principal associate in corporate and senior associate in the projects team respectively. Puranik was the first to have been promoted into the new counsel alternative to ...

Amarchand, Fox work out Nissin ABC Corp logistics

Fox Mandal advised Japanese tourism and logistics company Nissin Corporation in buying 44 per cent stake in its Indo-Japanese joint venture (JV) Nissin ABC Logistics, from JV partner ABC India. Amarchand Mangaldas advised ABC India. Fox Mandal Kolkata partner Shourya Mandal acted for Nissin Corporat...

26 instructions: Mega outbound M&A with $1bn Hindujas & Mittal-Lafarge-Anglo | Yash Raj CAT | DLF $490m land grab | PE boom | Year’s largest QIP & more

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Supporting cast: Yash Raj Films, Gruner+Jahr, MakeMytrip, DLF, Tata, Fidelity, CESC, IFC, Bharat Petroleum, Indian Oil, Wells Fargo, Newscorp, CEAT, Dhunseri, Everstone, Mayfield, Linde, GTL, Sintex, Mahindra & Mahindra, DISA. Starring: Amarchand Mangaldas, JSA, AZB, Indus, HSA, Naik, Khaitan & Co and international talent.

Fox ex-London head Mishra to set up Delhi firm with Wragge best friendship

Ajit Mishra
Ajit Mishra
The founding partner of FoxMandal’s London office, who resigned in September, will set up his own firm in the New Year in an alliance with UK firm Wragge & Co.

150-lawyer deal: Amarchand, Platinum, Slaughters sell United Spirits to Diageo for £660m

United Spirits bottles
United Spirits bottles
Breaking: Platinum Partners and Slaughter and May advised London-based drinks giant Diageo on its overall complete £1.28bn (Rs 11,166 crore) acquisition of Vijay Mallya-promoted United Spirits, which was advised by Amarchand Mangaldas Mumbai office, as well as Kanga & Co and Herbert Smith Freehills.