Corporate

Luthra raises $2bn for Jamshedpur Tata Steel project

Luthra & Luthra has acted for the State Bank of India led consortium of 22 banks and financial institutions for a $2.08 billion syndicated rupee debt deal for a Tata Steel project at Jamshedpur.

Citi India bulks up legal with int'l hires from Clifford Chance, GE Capital

citibank-branch
citibank-branch
Citi India has hired former GE Capital India general counsel (GC) Sandip Beri as Citi India head legal and Clifford Chance senior associate Munish Nagpal as head legal of Citigroup Global Markets India.

Almost best friends: Spanish firm Garrigues and Dua Associates to co-operate on events, secondments

spain-ronda-nuevo-bridge
spain-ronda-nuevo-bridge
Spanish national law firm Garrigues and Dua Associates have entered into a “non-exclusive cooperation agreement” to “organise seminars, edit publications and develop secondment programmes”.

Khaitan Jayakar Sud and Vohra (KJSV) opens in Pune and makes two new partners

pune-university-by-DraconianRain
pune-university-by-DraconianRain
Khaitan & Co legacy firm Khaitan Jayakar Sud and Vohra (KJSV) has inducted two salaried partners, promoting Tanuj Sud in Delhi and hiring Sudhakar Avadh as the partner in charge of its new Pune office while gearing up for further national expansion.

India Law Services closes three April projects opposite Trilegal, Hammurabi & Solomon

Mumbai projects boutique India Law Services (ILS) has advised the lender consortium of bankers in three project finance transactions opposite Trilegal, one in-house counsel and Delhi-based Hammurabi & Solomon acting for the borrower companies.

Naik Naik adds Wadia Ghandy's Paranjpe as name partner, targets more senior hires and cities

cinema_seats-by_Looking-Glass
cinema_seats-by_Looking-Glass
Media industry focussed firm Naik Naik & Co has hired two new partners from Wadia Ghandy & Co: partner Ashok Paranjpe joins as an equity and name partner while senior associate Leena Desai-Padhye came on board as a salaried partner.

Good client: AZB, Simpson Thacher advise KKR on rs 750 crore Dalmia Cement stake

AZB & Partners and Simpson Thacher & Bartlett have reprised their joint roles for private equity house KKR in its Rs 750 crore ($166m) investment in Amarchand Mangaldas-advised Dalmia Cement.

India LPO Inc headcounts to triple as 15% of work at US/UK associate level

internet-IT-globe
internet-IT-globe
The Indian legal process outsourcing (LPO) industry will more than triple in size and employ 17,000 professionals within five years, predicted research and analytics firm Evalueserve in a study. Around 15 per cent of outsourced services is so-called high-end work that is normally handled by US and UK associates.

Remembering Laliya Mukherjee

Laliya Mukherjee
Laliya Mukherjee
Luthra & Luthra staff are mourning the loss of senior litigation lawyer Laliya Mukherjee who passed away on 1 May.

LexCounsel sets up Int'l Baccalaureate school JV

Delhi firm LexCounsel has advised on a joint venture (JV) agreement between public listed education service provider Educomp Solutions Limited (ESL) and Lavasa Corporation to set up four educational institutes to benefit from investment opportunities in the booming education sector.

Luthra finances $50m Jharkhand coal mine project

Luthra & Luthra has acted for an IDBI-led consortium of banks and financial institutions in the financing of $50m coal mine project of GVK Coal (Tokisud) Company in Jharkhand.

Clifford Chance NRI Sumesh Sawhney makes partner

Sumesh Sawhney
Sumesh Sawhney
Clifford Chance has promoted Indian passport holder and India-practice senior associate Sumesh Sawhney to partner in London.

Economic Laws Practice (ELP) mirrors CA associate structure, promotes five to partner

Mumbai-Nariman-Cuffe-Parade
Mumbai-Nariman-Cuffe-Parade
Economic Laws Practice (ELP) has promoted associate partner Nishant Shah to partner after one year, four senior associates were made up to associate partner level and ELP has created a new career step of “associate managers” to mirror accounting firms’ structures.

Graft, niche focus pays off in $110m India deal for UK regional firm TLT

London-banks-rbs
London-banks-rbs
Bristol-headquartered TLT has bagged the advice for a syndicate of Indian banks on a $110m dollar loan to Indus Gas alongside Amarchand Mangaldas, with the regional UK firm benefiting from its niche banking pitch.

Hot microfinance PE in Chennai, Hyderabad: Universal, AZB, Trilegal profit

Universal Legal has advised two microfinance institutions in Chennai and Hyderabad on private equity capital raisings with AZB & Partners and Trilegal acting for the investor companies.

LawQuest grows with second partner, retains all-women ratio

LawQuest_Ranjana-Iyer
LawQuest_Ranjana-Iyer
Mumbai niche firm LawQuest has hired its second partner Ranjana Iyer, specialising in litigation.

Kochhar partner Ryder starts-up IP-tech firm Scriboard

da-vinci-flying-machine
da-vinci-flying-machine
Kochhar & Co’s technology and media law partner Rodney Ryder has left the firm to start his own IP boutique practice called Scriboard in Delhi, hoping to also target Bihar and South India.

Linklaters India head Katwala widens horizon as EEMEA managing partner

Linklaters-Sandeep-Katwala
Linklaters-Sandeep-Katwala
Linklaters India head Sandeep Katwala has been appointed as Emerging Europe, Middle East and Africa (EEMEA) regional managing partner while continuing in his role as India head.

Kochhar aims for North East with partner hire

Kochhar-Co_Ngangom-Junior-Luwang
Kochhar-Co_Ngangom-Junior-Luwang
Kochhar & Co has hired Delhi-based Corporate Law Group senior partner Ngangom Junior Luwang as a partner to attempt to build a North East India-targeted practice.

Bharucha doubles senior associate counts and leverage

see-saw_by-nzgabriel
see-saw_by-nzgabriel
Bharucha & Partners has filled out its senior associate ranks by promoting four associates into the position.