Corporate

In brief: Desai & Diwanji, Rajani do stake in auto parts co Minda

Desai & Diwanji and Rajani Associates have advised Motilal Oswal Private Equity Advisers on its Rs 40 crore investment in automobile component maker Minda Industries.

AZB, Herbies, Links scoop $10.7bn Bharti-Zain mega-takeover

africa-mobile-phone-by_DavidDennisPhotos.com
africa-mobile-phone-by_DavidDennisPhotos.com
AZB & Partners has been instructed on Bharti Airtel’s $10.7bn bid for the African business of Kuwaiti telecoms group Zain, with Herbert Smith and Linklaters scoring the international advisory mandates for the Indian company’s third attempt to enter the continent.

28-year old law firmite inks 1000-page tome in spare time

book_by_alancleaver-2000
book_by_alancleaver-2000
Luthra & Luthra senior associate Shishir Jose Vayttaden has written and published a 1000-page book on SEBI’s Takeover Regulations, which is touted by the publisher as the best commentary on the subject.

Bharucha & Partners takes second office, aims to double headcount

Mumbai-Fort-map
Mumbai-Fort-map
Bharucha & Partners is moving its corporate department making and half the firm into Talwar Thakore Associates former Mumbai office, almost doubling its available floorspace in Mumbai.

Ship arrest: first case for JSA spin-off M Dhruva

M Dhruva & Partners, which spun out of J Sagar Associates earlier this month, has acted on its first independent litigation matter opposite Crawford Bayley, directing the arrest of a ship on behalf of its Hong Kong-based client Star Matrix.

Kochhar & Co starts South India drive with two lateral partners

Kochhar-Siva-K-Gopinatham
Kochhar-Siva-K-Gopinatham
Kochhar & Co has hired two partners in Chennai and Hyderabad in a major South India push, which includes new Chennai and Bangalore office space and further expansion plans.

ALMT goes to Malaysia for $350m hotels project

ALMT Legal in Bangalore and Malaysian law firm Zuraidah Naziha & Fadly advised Indian developer Davanam Constructions and Ascenteus Holdings of Malaysia in their $350m joint venture hotel project.

CPA Global LPO poaches Rio Tinto legal chief and top client

CPA-Global-Leah-Cooper_th
CPA-Global-Leah-Cooper_th
Legal process outsourcing (LPO) provider CPA Global has hired Rio Tinto’s managing attorney Leah Cooper as a board member, following Cooper striking a deal last year to outsource $20m of the mining giant’s annual legal work to CPA in India.

Induslaw makes new pre-partner 'grooming' rung

induslaw-Suneeth_Katarki
induslaw-Suneeth_Katarki
Induslaw has created a new career step of principal associate as a one-to-two-year training ground before partnership and has promoted one if its senior associates into the new role.

In brief: FoxMandal on ONGC $515m power plant

FoxMandal Little has acted as lender’s counsel on the Rs 2224 crores ($515mn) ONGC Tripura Power Company project finance documentation acting for Power Finance Corporation. The firm was instructed in September 2009, with Delhi senior partner B N Banerjee, and senior associate Rajesh Sehgal and assoc...

London FoxMandal-Sir Gavin tie-up ends; Firm hires UK minister

Keith-Vaz_by-Steve-Punter
Keith-Vaz_by-Steve-Punter
FoxMandal Little’s London office has hired UK MP Keith Vaz as a “brand ambassador”, while the firm’s similar commercial retainer with its previous London consultant and former High Court judge has ended.

Surana & Surana gives birth to Chennai boutique

chennai_beach_th2
chennai_beach_th2
Surana & Surana head consultant litigation M L Joseph has set up the law firm Chennai Law Associates to focus on contentious and intellectual property matters.

Link Legal makes new partner

delhi_gate_th
delhi_gate_th
Link Legal has promoted senior associate Ajay Sawhney to partnership in its corporate and aviation practice and has hired a senior associate projects lawyer from in-house.

Desai & Diwanji, Dua/Tatva take home $300m telecom tower buy

Desai & Diwanji and Tatva Legal, with Davis Polk & Wardwell and Richards Butler advised on private equity house Quadrangle Capital and others’ $300m investment in India’s second largest operator of telecoms towers Tower Vision India.

SN Gupta continues full-service road with new Mumbai litigation head

SN_Gupta-Hiren-Mehta
SN_Gupta-Hiren-Mehta
SN Gupta & Co is launching its Mumbai litigation practice with the hire of former MLS Vani & Associates senior associate Hiren Mehta as a partner, who will look to building a practice of 10 lawyers in the firm’s new High Court office.

LexCounsel gets service tax notice on commercial rentals banned across India

Alishan Naqvee
Alishan Naqvee
A divison bench of the Delhi High Court has widened across India its April 2009 judgment that service tax on commercial rentals is ultra vires the Finance Act, in a victory for law firm LexCounsel.

Luthra closes $0.5bn GVK Power project

Luthra--Luthra-Vijaya-Rao-new
Luthra--Luthra-Vijaya-Rao-new
Luthra & Luthra has closed the Rs 2400 crores ($521m) GVK Power (Goindwalsahib) project finance fundraising acting for IDBI Bank and a consortium of 12 others as lender’s counsel.

Luthra & Luthra’s projects team was led by Mumbai partner Vijaya Rao (pictured), assisted by managing associate Bikash Jhawar, and associates Pulkit Sharma and Sneha Jha.

Khaitan & Co, Naik Naik make INOX 2nd largest cinema chain by acquisition

Khaitan & Co and Naik Naik & Co have advised multiplex owner INOX Leisure in acquiring a 43.28 per cent stake of the promoter group of rival multiplex chain Fame India for Rs 66.34 crore.

Khaitan scores CPA Global $440m LPO sale through Travers Smith

Call Centre
Call Centre
Khaitan & Co has picked up the Indian mandate to advise private equity group Intermediate Capital Group (ICG) on the $440m purchase of legal process outsourcing company CPA Global, alongside a raft of international firms.

In brief: Amarchand, AZB, Shearman do 1,500 crore Oberoi Realty IPO

Amarchand Mangaldas Mumbai is acting for Oberoi Realty while AZB & Partners Mumbai and Shearman & Sterling Singapore are acting for the underwriters in the Rs 1,500 crore ($325m) initial public offering (IPO) of the Mumbai real estate company, according to the draft prospectus filed with t...