Corporate
HSA hires ex-ELP partner, Khaitan director Ashutosh Gupta as chief strategy officer & partner
HSA Advocates has hired Economic Laws Practice (ELP) partner Ashutosh Gupta as a partner and as chief strategy officer.
Khaitan & Khaitan acts for Orient Refractories on $6.7m buy of Odisha plant, assets
Orient Refractories Limited has completed the process of acquisition of assets/plant & machinery from Manishri Refractories & Ceramics Private Limited. The company has entered into asset purchase agreement with Manishri Refractories & Ceramics Private Limited, to acquire certain asset...
Khaitan, AZB act on City Football Group 8th buy of Super League club, acquires Mumbai City FC
City Football Group Limited acquired Mumbai City FC in a deal including diligence, pre-acquisition restructuring, drafting and negotiating the transaction documentation and advising on the Indian football regulatory framework, according to ET’s Brand Equity . City Football Group (CFG) has agreed a d...
JoyceLaw, IC Universal act on $1.5m per-Series A into Just Herbs ayurveda
Premium ayurvedic beauty brand Just Herbs has raised $1.5 million in pre-series A funding led by multi-stage VC fund Roots Ventures as it looks to escalate share and scale in the rapidly growing ayurveda market. Gurgaon-based wealth management and investment banking firm Client Associates advised Ju...
DSK advises Zurich Airport on winning bid to invest $650m in Jewar-UP airport near-Delhi
Switzerland’s Zurich Airport International AG on Friday emerged as the highest bidder for the proposed international airport at Jewar, Uttar Pradesh, on the outskirts of Delhi, sparking hopes for the long-delayed project and the development of the area around it… The Swiss firm will invest more than...
AZB acts for Thomas Cook India on bankruptcy restructuring
Travel services firm Thomas Cook India … said its corporate restructuring process has been completed after receiving approvals from the NCLT Mumbai and Bengaluru. “…the Composite Scheme of Arrangement and Amalgamation amongst TC Forex Services Ltd and Travel Corporation (India) Ltd and TC Travel Ser...
AZB acts on $8m Bajaj Auto investment in bi-, e-cycle sharing platform Yulu
Bajaj Auto Ltd, India’s second largest motorcycle manufacturer, will invest in Bengaluru-based cycle sharing platform Yulu, which offers electric cycles and bicycles on hire for last-mile commute. — Mint AZB & Partners advised Bajaj Auto Limited led by a team of partners Gautam Saha and Sachin ...
LKS, ELP help Sino-Japanese metal players go West in JV with India’s SteelMint
Mining market intelligence providers Metal One Corporation, Japan and Shanghai Ganglian E-Commerce Holdings Co. Ltd., China and three founder shareholders of India’s leading steel information company, SteelMint, have entered into a joint venture, selling a majority stake to the . Metal One and Gangl...
Shuttl $18m Series C: JMP, Themis, Link, Phoenix assist
Bus-shuttle service startup Shuttl has raised around $18 million (about Rs 128 crore) from Japan’s SMBC Trust Bank (acting as a trustee of Mirai Creation Fund II) and Toyota Tsusho Corporation, a unit of Toyota Group, according to the company’s filings with the Registrar of Companies. — Yourstory Je...
Parinam hits 80 lawyers on 1st bday • 2nd Delhi partner joins: AOR, ex-NLU teacher, Ram temple lawyer Swarupama Chaturvedi
Parinam Law Associates has grown to 12 partners nationally, after hiring its second partner in Delhi, Swarupama Chaturvedi, who is joining with six associates on the firm’s first anniversary of founding.
Luthra corporate-white-collar partner Alina Arora resigns for ‘career break’
L&L Partners Delhi-based partner Alina Arora resigned from the firm yesterday.
L&L Lit lifts 5 to partner, promotes 1 to partner designate as Arb, IBC get lit up • 34 associates climb rungs
Following from its corporate partnership promotions in September when six got the nod to partner, L&L Partners’ separate litigation partnership has now announced its internal promotions and probably one of the largest round to date, including five to partner in Delhi and one new partner designate.
Antares acts for experience discovery platform Woovly on pre-Series A of $2.5m
Woovly, an experience discovery platform that enables its users to search and explore ideas, has raised $2.5 million (approximately Rs 17.69 crore at current exchange rates) in a pre-Series A funding round. — VCCircle Antares Legal advised Woovly led by a team of senior associate Surbhi Kothiala wit...
AZB, Trilegal act on Mitsubishi’s 25% buy into TVS for around $35m
Japan’s Mitsubishi Corp. is set to increase its 3% stake in TVS Automobile Solutions Pvt. Ltd (TASL) to 25%, the companies announced on Monday in Chennai. — Mint TVS Automobile Solutions Private Limited (TASL), one of India’s leading independent aftermarket players and part of the $8.5 bn TVS group,...
Link Legal acts for Venus Remedies on sale of antibiotic-resistance-breaking drug Elores to Cipla
Mumbai-based Pharmaceutical company Cipla Ltd acquired a novel and patented anti-infective product, Elores, from Venus Remedies Ltd, the company said in an exchange filing. — Mint Link Legal India Law Services advised Venus Remedies led by a team of partner Anuj Trivedi and senior associate Sanya Ha...
AZB acts for SoftBank on additional 3.28% stake buy in Samvad’s Delhivery
Acquisition by the SVF Doorbell (Cayman) Ltd., a subsidiary of SoftBank Vision Fund of certain further compulsorily convertible preference shares by which the aggregate holding will now be over 25%, according to reports . SoftBank Vision Fund, the world’s largest technology investor, is set to buy a...
DSK bags Flipkart mandate to invest $4m in EasyRewardz with AZB, Fortitude
Flipkart has invested $4 million (about Rs 29 crore) in customer engagement and rewards platform EasyRewardz, as the Walmart-owned e-tailer makes a strong push into the offline-to-online segment, while also staving off potential rivals such as Reliance Industries. As part of the investment, both ent...
A&O, Links, TTA, Khaitan act on $145.6m Laureate Education sale of India biz to Dutch player
Amsterdam-based Global University Systems (GUS) is in talks to buy the India business of US-based Laureate Education for at least Rs 1,200 crore, said two people familiar with the development. This will be one of the largest buyout deal in the private education space. — The Times of India The deal h...
Khaitan acts for Siemens on India leg of factory automation biz Pixeom
Siemens Industry Inc and its affiliates entered into a global transaction involving Siemens’ acquisition of certain assets of Pixeom Inc, which included certain Indian law aspects in the asset transfer transaction, such as: Siemens Industry Software (India) Private Limited acquiring the relevant inf...
DMD, L&L act on $8.5m completion of Greaves Cotton buyout of Ampere Vehicles
Engineering firm Greaves Cotton Ltd on Thursday said it has increased its stake in Coimbatore-based Ampere Vehicles making the completion of the acquisition. Greaves Cotton announced the completion of the acquisition of entire shareholding of Ampere Vehicles CEO, Hemalatha Annamalai through secondar...