Corporate

NLS ‘07 Vinay Kurien promoted to partner at foreign firm Jones Day

Jones Day has promoted 2007 NLSIU Bangalore graduate and former AZB & Partners associate Vinay Kurien to its partnership in Singapore, with effect from 1 January 2020.

IndusLaw corp lateral partner Navin Syiem to join Luthra with 2 associates

IndusLaw partner Navin Syiem, who has left the firm in December of last year, is set to join L&L Partners we have reliably learnt.

AZB’s lateral partner Ami Parikh leaves, Zia happy with TSG volume vertical, experiment to continue

AZB & Partners transaction support group (TSG) partner Ami Parikh has left the firm, according to her Linked-in and Bar & Bench.

Link Legal top corporate dealmaker Manish Gupta to move to IndusLaw

Scoop: Gupta was fifth-ranked in our 2018-19 league table of corporate dealmakers.

AZB acts on Tata Realty’s  $100m sale of Trilium shopping mall to Virtuous Retail

Virtuous Retail South Asia Pte. Ltd (VRSA), the retail development arm of investment firm The Xander Group Inc., has acquired the Trilium shopping mall portfolio from Tata Realty and Infrastructure Ltd (TRIL) for $100 million. — Mint AZB & Partners advised Tata Realty and Infrastructure Limited...

AZB acts on Series C of Dtwelve spaces from Equity International

Student Housing Startup Stanza Living Raises Funds From Billionaire Sam Zell: Stanza Living has raised undisclosed funding from Equity International — Inc42 AZB & Partners advised Equity International Management led by a team of partners Srinath Dasari and Nanditha Gopal , and senior associate ...

Khaitan acts on $35m VVDN Tech investment by MOPE

India Business Excellence Fund – III, a fund managed and/or advised by MOPE Investment Advisors Private Limited (“MOPE”), have committed INR 2,500 million to VVDN Technologies Private Limited (“VVDN”/the “Company”), a Gurugram based company engaged in the business of Product Engineering and Electron...

Indus, Platinum advise on FirstCry acquisition of Oi Playschool

Business Transfer, according to reports . SoftBank-backed FirstCry, which retails products and also operates a social network catering to young parents and babies, is entering the education space by acquiring Oi Playschool in what is the first of its kind deal in a fast consolidating segment. FirstC...

Link Legal promotes 3 corporate-commercial lawyers to associate partner

Triple AP promotions at LLILS L ink Legal India Law Services (LLILS) has promoted three to associate partner level: Pratyush Khurana (SLS Pune; Delhi corporate commercial, formerly principal associate) Vinu Peter Immanuel (Dr Ambedkar GLC Chennai 2006; Delhi corporate commercial, formerly principal ...

Partner Varun Sehgal moves from SAM to CAM for Delhi corporate boost

Shardul Amarchand Mangaldas (SAM) partner Varun Sehgal has joined Cyril Amarchand Mangaldas (CAM) as a corporate partner in Delhi.

Platinum, Mani Chengappa act on $1m Fashor Lifestyle pre-Series A

Fashor, a Chennai-based online women’s apparel brand, raised $1 million in a Pre-Series A round led by Sprout Venture Partners. IP Ventures, and Venture Catalysts, with participation from a few HNIs. — Yourstory Platinum Partners advised Target company and its promoters Fashor Lifestyle Private Limi...

Link Legal’s Siddharth Srivastava joins Khaitan & Co to beef up finance

Link Legal India Law Services partner Siddharth Srivastava will be joining Khaitan & Co in its banking and projects practice in Delhi.

Indus for Mahindra in $28m buy of Meru Cabs from Pioneer’s True North

After picking up a significant stake in Zoom car, Mahindra & Mahindra has picked up a majority 55% stake in Meru cabs for a cash consideration of Rs 201 crore in a bid to participate in the growing shared mobility space. The first tranche of investment will be made in October of 2019, the compa...

AZB acts for Lupin on $295m sale of its Japanese subsidiary Kyowa to Plutus

Lupin has entered into a definitive agreement to sell its entire stake in Japanese subsidiary Kyowa Pharmaceutical Industry Co. to Plutus Ltd for an enterprise value of 57.36 billion yen, or ₹3,702 crore. The Mumbai-based drugmaker will get 32.6 billion yen, or ₹2,104 crore, in cash from the sale of...

AZB, DSK, Tatva act on record-breaking $250m Allianz-Shapoorji Pallonji buy of Hyderabad commercial property IT SEZ

In the largest single commercial property transaction, global insurance and asset management major the Allianz Group’s joint venture entity with Shapoorji Pallonji Group has acquired nearly 2.5 million sq ft IT SEZ property Waverock in Hyderabad for around Rs 1,800 crore, said two persons with direc...

DSK, Khaitan Co act on ReNew Power JV with Korea’s GS E&C to build 300MW Rajasthan solar power plant

ReNew Power Ventures Pvt. Ltd has formed a joint venture with South Korea-based engineering, procurement, and construction (EPC) firm GS E&C to build a 300 megawatt solar power plant in Rajasthan, according to a joint statement released by the companies on Wednesday. NEW DELHI : ReNew Power Ven...

Khaitan Khaitan, SAM act on Oyo’s buy of ITC’s Fortune Select Metro hotel Chennai

New Delhi: SoftBank-backed Oyo Hotels & Homes has acquired Fortune Select Metropolitan Jaipur, currently managed by ITC Hotels, as part of its plans to enter the four-star segment currently dominated by marquee Indian and international hotel chains. Oyo has acquired the Jaipur fourstar property...

Bharucha, CAM, Algo act on $70m CarDekho Series D from Ping An

Girnar Software, which owns and operates auto portal CarDekho.com, has raised $70 million (about Rs 500 crore) in a fresh round of financing from a clutch of new and existing investors, including, Global Voyager Fund, an investment arm of Chinese retail financial services giant Ping An. Sunley House...

Samisti, SAM, AZB act on $45m dialysis player Nephroplus investment by Investcorp

Global alternative asset manager Investcorp has closed an estimated $45 million (about Rs 323 crore) funding round in dialysis services provider NephroPlus, in the process, providing an exit to one of the Hyderabad-headquartered company’s existing investors. The latest transaction will see SeaLink C...

P&A acts for RIB Group on buy into Indian construction technology software maker Capricot Tech

RIB Software SE (through its affiliates RIB Limited & RIB ITWO Software Private Limited), listed on Frankfurt Stock Exchange and an innovator in construction business providing software solutions across various industries worldwide, on 24 December 2019 invested in Indian company Capricot Techno...