Corporate
Diageo VP legal Ishita Kapur moves to GC at wellness, football, hockey company Roundglass
Ishita Kapur goes from alcohol business to holistic wellbeing D iageo India vice president & senior counsel Ishita Kapur has joined sports and wellness company RoundGlass as its general counsel and head of compliance this month. The company has as its goal “to create a vibrant wellness ecosyste...
HSA adds another partner with Khaitan Legal, ex Essel legal head Sharmil Bhushan
HSA Advocates has hired Khaitan Legal Associates partner Sharmil Bhushan as a partner in its Mumbai office.
TTA partner Shruti Zota seconded to GSK as GC; Nischal Hindia seconds to London
Scoop: The arrangement of a partner temporarily heading legal at a company is a novel and interesting arrangement
S&R, CAM, AZB act on $202m Brookfield investment in Everstone-backed IndoStar Capital Fin
Canadian asset manager Brookfield Asset Management is investing ₹1,450 crore in Everstone Capital-backed lender IndoStar Capital Finance Ltd, according to the lenders filings with stock exchanges. — Mint S&R Associates advised Everstone Group led by a team of partners Sandip Bhagat and Rachael ...
Sahai, Indus, Burgeon act on $8.9m social commerce WMall Series B from Chratae, SAIF
Social commerce platform WMall has raised around Rs 64 crore ($8.90 million at current exchange rates) in a Series B funding round led by Chiratae Ventures and SAIF Partners, according to reports. — VCCircle Sahai & Co advised Blitzscale Technology Solutions Private Limited , operating WMall , ...
CAM acts for Wockhardt on $259m slump sale of 62 brands, HP unit to Dr Reddy Labs with Platinum
Wockhardt, which is reeling under heavy debt and is trying to deleverage its balance sheet, has agreed to sell multiple products and a manufacturing facility to Dr Reddy’s Laboratories. In a regulatory filing, Wockharrdt said Dr Reddy’s Labs will acquire 62 products and its unit in Baddi, Himachal P...
Indus, Khaitan help Chaayos cup another $21.5m B2 round from Think, Tiger, Innoven
Popular retail chain Chaayos has raised $21.5 million in an equity and debt mix (Series-B2 round) led by Silicon Valley-based investment firm Think Investments. The tea cafe chain, led by Sunshine Teahouse Pvt Ltd raised $18.5 million of primary capital from Think Investments and other investors, an...
Samisti acts on Apollo Microsystem buy of Ananya SIP
Apollo Micro Systems, which caters primarily to defence and aerospace sectors… said it will acquire majority stake in with Ananya SIP RF Technologies (ASIP RF). Through the proposed acquisition, the company aims to expand the business towards new technologies by establishing a radio frequency (RF) a...
Ex-AZB’s Ami Parikh joins credit checkers Experian India as head legal
The former AZB & Partners transaction support group (TSG) head and partner Ami Parikh has joined global credit check and financial analytics agency Experian India on 11 February as its head of legal and compliance, according to her Linked-in profile.
How Trilegal founders aim to hand over to the next gen, starting with new chiefs, 3-year elections
Trilegal’s founding partners are to take a step back from management, albeit gradually, with the firm’s partnership having decided to appoint a new management committee (MC) of partner Nishant Parikh and as well as co-founding partner Sridhar Gorthi.
AZB acts on India leg of Motive Partners buy of US Fiserv’s investment services biz
Acquisition of 60% stake in the Investment Services Business of Fiserv Inc. by Motive Partners, according to reports . AZB & Partners advised Motive Partners led by a team of partners Ashwath Rau and Anu Tiwari , senior associates John Adwet Raghav , Apeksha Mattoo and Sohni Kherada . Deal valu...
Khaitan acts for Blackstone on $58m takeover of AllCargo warehousing
Private equity (PE) giant Blackstone Group is investing ₹380 crore to buy a majority stake in the warehousing business of Mumbai-based Allcargo Logistics Ltd for developing logistics parks in key consumption hubs across India. — Mint Khaitan & Co advised The Blackstone Group led by a team inclu...
CAM, SAM act on JSW $744m buy of Odisha powerplant from GMR
JSW Energy has entered into exclusive discussions with GMR Energy Limited (GEL) for potential acquisition of its subsidiary, GMR Kamalanga Energy Limited (GKEL), which owns and operates a 1,050 MW (3x350 MW) thermal power plant in Odisha, for an enterprise value of ₹5,321 crore. — The Hindu Cyril Am...
Trilegal acts as sole counsel for Reliance Industries on Network 18 restructuring, with S&R for Citi
Reliance Industries Ltd (RIL) today announced a consolidation of its media and distribution businesses spread across multiple entities into Network18. — Mint Trilegal advised Reliance Industries Limited (RIL) in the restructuring as the sole legal advisor on the deal, according to the firm’s release...
MCM, Algo, ‘like-minded’ lawyers The Guild, on $3.5m Series A into nanotech start-up Log 9
Bengaluru-based nanotechnology startup Log 9 Materials Scientific Pvt. Ltd said on Monday that it has raised $3.5 million (Rs 31.32 crore) in it Series A funding round from Sequoia India’s scale up program Surge and Exfinity Venture Partners. — VCCircle Mani Chengappa & Mathur (MCM)advised Exfi...
JSA for Facebook on $110m Series E into Unacademy with double-Algo, Bharucha, Fenwick
Making its second bet in the Indian start-up space, social networking giant Facebook has participated in a $110 million investment round in edtech enterprise Unacademy. — Business Standard Algo Legal advised Unacademy , operating as Sorting Hats Technology Private Limited , led by a team of partner ...
CAM, Indus, HSF do blockbuster $573m QIP for Avenue Supermarts
DMart operator Avenue Supermarts on Tuesday said it has raised Rs 4,098 crore from share sale, which included investors such as Lone Cypress and the Singapore Government. The company in a regulatory filing said it issued and allotted 2 crore shares at an issue price of Rs 2,049, under a qualified in...
Bharucha, NDA, Cooleys act on extended $24m Series C for Vedantu Innovations
Live online tutoring start-up Vedantu has raised $24 million from a group of investors including global venture capital firm GGV Capital as part of their Series C extension round. — Business Standard Bharucha & Partners advised Vedantu Innovations Private Limited and its promoters led by a team...
Ex-Luthra, Dua partner Amaresh Kumar Singh joins HSA for real estate, disputes
Former L&L Partners partner Amaresh Kumar Singh, who has been independent lawyer since February 2019, has joined HSA Advocates as a partner.
CAM beefs up competition with Platinum’s Vijay Pratap Singh Chauhan
Cyril Amarchand Mangaldas (CAM) has hired Platinum Partners lawyer Vijay Pratap Singh Chauhan as a partner in its competition team, based in Delhi, according to the firm’s press release.