Corporate
Sushma Jobanputra to head up Jones Day Singapore with India focus

12 law firms advise in $1.22bn Patni Computer takeover battle
Exclusive: AZB & Partners and J Sagar Associates (JSA) have advised India’s sixth largest IT firm Patni Computer Systems that was bought by Apax Partners-backed iGate for $1.22bn, which drafted in Khaitan & Co and Kirkland & Ellis as legal advisers.
Lexygen and Linklaters advised a Carlyle Group-led consortium of the losing bidders, where Amarchand Mangaldas is understood to have provided the advice to the bid’s merchant banks.
Khaitan & Co bags four Thakker & Thakker lawyers post shut-down

Lexygen adds partner to move to and head up Singapore office

Wakhariya for Novartis in anti-rabies vaccine buy Aventis
Mumbai-based firm Wakhariya & Wakhariya and Bachubhai Munim & Co have advised in Novartis Pharma’s 49 per cent $22.3m acquisition of Aventis Pharma’s equity in anti-rabies vaccine manufacturer Chiron Behring Vaccines.
Young LPO Lex Forska becomes law firm, ties up with California boutique

Bharucha opens greenfield in Delhi with lateral partner

AZB promotes Bangalore senior associate to partner
AZB & Partners Bangalore office has promoted senior associate Anind Thomas to its partnership.
Breaking: AZB Bangalore merger Anup Shah splits off to go independent again

Khaitan & Co restructures $550m Maytas Infra debts post Satyam
Exclusive: Khaitan & Co has closed the corporate debt restructuring (CDR) of roughly Rs 2,500 crore ($550m) of outstanding debts of former Satyam-owned Maytas Infrastructure following the company’s agreement with the lender banks in June this year.
Luthra Delhi promotes indirect tax managing associate to partnership
Luthra & Luthra has continued its Delhi-round of internal promotions taking the partner promotion tally to three this December with the latest promotion of managing associate J P Singh to an indirect tax partner.
Amarchand, Desai & Diwanji on sale of IDFC AMC to top French asset manager Natixis
Desai & Diwanji has advised IDFC Mutual Fund on its estimated Rs 300 crore ($66m) sale of a 25 per cent stake in IDFC Asset Management Company to French asset manager Natixis, which was advised by Amarchand Mangaldas Mumbai.
Majmudar, K&L lead on sale of Thakker & Thakker tech client
Majmudar & Co and K&L Gates have advised on e-commerce enterprise Rearden Commerce’s world-wide acquisition of Ketera Technologies, which was advised by DLA Piper and Thakker & Thakker that will cease operating at the end of this year.
Vidhii starts media law practice in heart of Bandra with ex-UTV movies legal chief

M Dhruva gets SAT relief for Ackruti promoters after SEBI ban; JSA, Crawford Bayley in the wings
Exclusive: M Dhruva & Partners and senior counsel Janak Dwarkadas won an interim order from the Securities Appellate Tribunal (SAT) in favour of Ackruti City, allowing Ackruti’s promoters to pledge their own shares after the Securities and Exchange Board of India (SEBI) on 2 December banned the promoters from dealing in their shares following allegations of price manipulation.
Bharuchas, Manu Singhvi lose in Bombay HC v Fali Nariman in landmark Wadia / Raheja property dispute
Senior advocate Fali Nariman led industrial house Wadia Group’s victory in a high-profile property dispute matter in the Bombay High Court against real estate developers G L Raheja which was represented by Bharucha & Partners and senior counsel Abhishek Manu Singhvi, reported the Economic Times.
Amarchand, Wadia Ghandy guide JP Morgan fund’s $25m exit in Raheja builders
Amarchand Mangaldas has advised J P Morgan India’s real estate investment fund on its partial Rs 115.23 crore ($25.4m) exit in B Raheja Builders to builder group K Raheja, which hired Wadia Ghandy as legal counsel.
M Dhruva clients allege Lavasa in contempt of previous PIL order
Exclusive: The Bombay High Court declined interim relief in an action filed by M Dhruva & Partners on behalf of its client Crimson Hospitality Services against developers Lavasa Corporation, which allegedly violated a court injunction of an earlier public interest litigation (PIL).
Axon, Amarchand, Clifford Chance close $2bn Jindal Stainless debt restructuring
Start-up firm Axon Partners LLP has closed nearly a year restructuring roughly $2bn of debt of steel producer Jindal Stainless (JSL), with Amarchand Mangaldas and Clifford Chance jointly advising a variety of lending banks.
November Indian legal advisor M&A activity round-up
AZB & Partners and Amarchand Mangaldas have advised on a majority of M&A mandates out of 26India-related transactions in November, according to data aggregated by mergermarket.