Corporate

Khaitan, Wadia, Weils bring hospital under Advent PE care for $105m

Khaitan & Co and Weil Gotshal & Manges advised UK-based Private Equity (PE) fund Advent International Corporation in its Rs 552 crore ($105m) purchase of equity in Hyderabad-based hospital Quality Care India which was advised by Wadia Ghandy. Khaitan & Co corporate partners Haigreve K...

Ex-Platinum, W&C, AMSS, NLS Saionton Basu makes partner at Penningtons

Saionton Basu
Saionton Basu
UK firm Penningtons has promoted Saionton Basu to partner, just over one year after he had joined from Platinum Partners to build up its India practice.

Trilegal, S&R do legal logistics for $33m VRL stake by New Silk Route

Trilegal’s Mumbai office advised Karnataka-based logistics and transport company VRL Logistics in a Rs 175 crore ($33.2m) acquisition of its equity and compulsory convertible preference shares, by South-east Asia focused private equity (PE) firm New Silk Route (NSR), which was advised by S&R As...

BCI takes Madras writ v 31 foreign firms to Supreme Court

Foreign firms
Foreign firms
The Bar Council of India (BCI) today filed its long-awaited appeal against the Madras High Court judgment that allowed foreign lawyers limited foreign law practice in India.

Amarchand Delhi partners Pankaj Agarwal, Karia to spearhead new Ahmedabad office ahead of sched

Vibrant Gujarati cuisine
Vibrant Gujarati cuisine
Amarchand Mangaldas has launched its Ahmedabad practice, inaugurating its Prahladnagar office today, relocating corporate partner Pankaj Agarwal full-time and Delhi litigation head Tejas Karia to start a dispute resolution practice part-time.

AZB, Wadia G, Kirkland, HogLove delist iGate’s Patni for $271m from BSE, NSE, NYSE

Bombay Stock Exchange
Bombay Stock Exchange
AZB & Partners advised Nasdaq-listed information technology services company iGate Corp in its Rs 1,400 crore ($271m) voluntary delisting of its Mumbai-based unit Patni computer systems, which was jointly advised by Wadia Ghandy and international law firm Hogan Lovells.

Amarchand, Luthra dethrone AZB in Q1 2012 M&A league table, powered by Sterlite restructure

M&A league table
M&A league table
Amarchand Mangaldas and Luthra & Luthra have each racked up over $10bn worth of deals to top the M&A Indian mergermarket league table for the first quarter of 2012, displacing 2011 first quarter (Q1) frontrunner AZB & Partners.

Ex-Bharti GC, JSA partner Vijaya Sampath joins Lakshmikumaran

Vijaya Sampath
Vijaya Sampath
Vijaya Sampath, group general counsel (GC) and adviser of almost nine years to India’s largest telecoms company Bharti Enterprises and former J Sagar Associates (JSA) partner, has joined Lakshmi Kumaran & Sridharan (LKS) as an equity partner yesterday to head its corporate practice in Delhi.

LKS opens in Pune, gets second Delhi office as grows to 250

Delhi, times two
Delhi, times two
Exclusive: Lakshmi Kumaran & Sridharan (LKS) has opened a second office in Delhi and a new office in Pune, taking its total number of offices to seven and number of lawyers to 250.

IndusLaw promotes Akella to Hyd partner, lifts 1 to future-partner in Bangalore

Akella
Akella
Exclusive: IndusLaw has promoted Hyderabad principal associate Satya Sree Akella to salaried partner effective 1 April.

Amarchand, AZB, Platinum score roles on $530m Mitsui Japan-India buy

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Amarchand Mangaldas’ Bangalore office advised Japan’s largest non-life insurer Mitsui Sumitomo in its Rs 2,731 crore ($530m) purchase of 26 per cent in the joint venture (JV) of Indian insurer Max India and US insurer New York Life Insurance, which were respectively advised by AZB & Partners and Paul Weiss, and Platinum Partners and Freshfields Bruckhaus Deringer.

Kochhar opens Japan office as competition hots up, waits for Dubai local law practice permit

Tokyo
Tokyo
Exclusive in today’s Mint: Kochhar & Co has secured a Japanese Gaikokuho-Jimu-Bengoshi (registered foreign lawyer) licence and opened an office in Tokyo with one Indian lawyer, while also hoping for permission to open a stand-alone local law office in Dubai.

ICICI Bank GC Pramod Rao eschews Biglaw, joins IndusLaw equity

ICICI: Open door to private practice
ICICI: Open door to private practice
Exclusive in today’s Mint: Pramod Rao, ICICI Bank’s general counsel (GC) of more than seven years, will join young law firm IndusLaw as an equity partner to set up its Mumbai office.

Agarwal Jetley & Co lifts Indo-Japanese heavy equipment JV

Agarwal Jetley & Co advised Japanese manufacturing and engineering corporation Hitachi Zosen in the formation of a Rs 110 Crore ($22m) joint venture (JV) with Indian diversified engineering company ISGEC Heavy Engineering which was advised in-house. Agarwal Jetley & Co managing partner Pra...

14 deals in brief, 14 firms: Pfizer $86m restructure; Rico-Continental sell-out; $7m Satyam-Dion; Kobe Steel; Tata Bev-Everest; PE; banking; more…

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Fourteen law firms kept busy in a sideways economy with 14 deals in corporate, private equity and banking and finance. Find out what the industry has been up to.

Exclusive partner, SA promos/moves round-up: HSA, Bhasin & Co, Vaish, plus MV Kini, FoxMandal promote…

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Senior associate and partner promotions at 5 firms, including three new partners HSA Advocates, one partner promotion at Bhasin & Co, two new Vaish senior associates, one MV Kini partner and two FoxMandal laterals and 10 senior-level associates.

Explained: Why Kapadia’s SC is putting the media on trial

LI and Mint, together every fortnight
LI and Mint, together every fortnight
In today’s edition of Mint: On the morning of 10 August 2011, senior lawyer Harish Salve looked upset as he entered Chief Justice of India (CJI) S.H. Kapadia’s courtroom, holding a newspaper that had published an article on a case he was arguing in the Supreme Court.

Juris Corp replenishes lit with Hariani disputes head Ranjit Shetty

Shetty: A
Shetty: A
Hariani & Co litigation head and partner Ranjit Shetty has joined Juris Corp in Mumbai.

Majmudar drops Co, becomes Majmudar & Partners with one equity promo

Sabeshan: One of Majmudar Partners
Sabeshan: One of Majmudar Partners
Majmudar & Co has rebranded as Majmudar & Partners after promoting February lateral hire Prashanth Sabeshan into its equity partnership, which now stands at six partners.

Crawford Bayley progresses Renuka Shetty to non-equity partner rung

Renuka Shetty
Renuka Shetty
Exclusive: Crawford Bayley associate Renuka Shetty has been promoted to associate partner level, growing the ranks of salaried partners to seven.