Corporate

Khaitan acts for Aditya Birla Fashion on buy of TG Apparel

The board of directors of Aditya Birla Fashion and Retail Limited (ABFRL) has approved entering into a Share Purchase Agreement with the existing shareholders of TG Apparel & Decor Private Limited, to buy 100 per cent shares. TG Apparel is a B2C entity which retails ethnic fashion, both online ...

Khaitan helps Music Broadcast on buy of Reliance Broadcast Network for $150m from RCap, R Entertainment

Music Broadcast Limited (MBL) acquired 24% of the equity share capital of Reliance Broadcast Network Limited (RBNL) by way of a preferential allotment for a total consideration of Rs 202 crores. After that, subject to the receipt of the approval from the Ministry of Information and Broadcasting, MBL...

DSK, PDS act on $8m India Alternatives PE investment in Brinton Pharma

India Alternatives Investment Advisors Ltd. invested up to USD 8 million for a significant minority stake in Brinton Pharmaceuticals Limited. Brinton is focused on dermatology and has recently expanded into the paediatric dermatology and respiratory segments. — The Economic Times DSK Legal advised I...

JSA, King Stubb, Skaddens, Pepper Ham act on $182m Hexaware buy of US’ Mobiquity Inc

IT services company Hexaware Technologies Ltd has acquired US-based digital services firm Mobiquity for $182 million in an all-cash deal, the company said in an exchange filing on Friday. — Mint J Sagar Associates advised the Indian acquirer parent company, Hexaware Technologies Limited , led by a t...

Bharucha acts on Baichung Bhutia Football School angel fundraise from CarWale, Chalo, Zomato peeps

The Baichung Bhutia Football School (BBFS) with its 50th centre has also announced an angel investment by the promoters of the CarWale & Chalo and Zomato. — Www.Insidesport.Co Bharucha Singh Mundkur advised Talent Invigoration & Sports Management Private Limited led by partner Kaushik Moit...

Bharucha acts on $1m India Sports Flashes angel pre-Series A

New Delhi-based India Sports Flashes Pvt. Ltd, which operates sports content app Sports Flashes, has raised $1 million (Rs 6.7 crore) in a pre-Series A funding round from early-stage venture capital fund SRI Capital, a company executive told VCCircle. — VCCircle Bharucha Singh Mundkur advised India ...

Bharucha, CAM act on $0.25m Quintela buy of Charosa Wineries from HCC Real Estate

B&P advised QAL on acquisition of 100% of Charosa Wineries Limited from HCC Real Estate Limited, according to reports . Grover Zampa Vineyards Ltd and one of its investors, Dubai-based Quintela Assets Ltd, have bought Charosa Wineries Ltd for Rs 1.76 crore (around $250,000) from engineering and...

Bharucha, Mundkur act on $4m acquisition of Four Seasons Wineries from United Spirits

India’s largest liquor company United Spirits Ltd (USL) has agreed to sell its wholly-owned subsidiary Four Seasons Wines Ltd and associated brands to Grover Zampa Vineyards Ltd, the country’s second-largest winemaker in terms of volumes. The shares will be sold to Grover Zampa and Quintela Assets L...

Bharucha, SAM acts on UK’s Marston acquisition of Indian LogicValley AI start-up

Marston (Holdings) Limited bought 100% in Indian AI start-up LogicValley Technologies Private Limited. “Parktrade is Marston’s third acquisition of 2019, following that of air quality and moving traffic monitoring specialist, Videalert, and Indian artificial intelligence software developer Logic Val...

CAM, S&R, Lathams act on $368m QIP of InvIT India Grid Trust

Sterlite Power Transmission and US private equity giant KKR have agreed to be cosponsors and together manage the former’s infrastructure investment trust, India Grid Trust, according to executives involved in the transaction, which is the first-of-its-kind in the country’s power sector. India Grid T...

Trilegal counsel Tanya Mehta moves into legal investment VP role at Brookfield Asset Management

Trilegal counsel Tanya Mehta has joined Brookfield Asset Management in its investment team as vice president in a legal role.

Argus adds indie litigator Maneesha Kongovi (NUJS ‘07) as Bangalore partner

Argus Partners has hired independent litigator Maneesha Kongovi as a partner in Bangalore with her team.

IP firm Obhan & Associates promotes LexOrbis returnee Charul Yadav to partner

Charul Yadav, who had rejoined IP firm Obhan & Associates as associate partner in January of this year after a one-year stint at LexOrbis, has been promoted to partner at the firm, according to a press release.

Singapore-based NLS grad Nandini Navale joins tech start-up Ecosystm as GC

NLSIU Bangalore graduate Nandini Navale has joined Singapore-based 2016-founded private equity-backed start-up Ecosystm, as its first in-house lawyer and general counsel (GC) last month.

Mason AP, tech-copyrights head Ankit Relan joins Facebook as lead counsel

Technology lawyer Ankit Relan, associate partner at technology firm Mason & Associates Advocates, which counts Google amongst its clients, has joined Facebook India in Gurgaon as lead counsel.

IndusLaw snags Trilegal counsel Padmaja Kaul as Delhi lit, IBC partner

Trilegal counsel Padmaja Kaul, who’d been with the firm since 2012, has joined IndusLaw in Delhi as its second litigation partner in the city.

Kochhar Mumbai co-head, 2016 shipping lateral partner Gautam Bhatikar resigns with team

Kochhar & Co senior partner and head of its maritime practice, Gautam Bhatikar, has resigned with his team of five lawyers last month.

Tata Sons legal shrinks to 6 after lateral defections gift 4 other Cos legal heads, senior IH counsel

Five in-house lawyers in Tata Sons’ legal team, which is headed by former Shardul Amarchand Mangaldas partner Shuva Mandal, have moved to other companies in in-house positions over the last year, Bar & Bench has reported.

Nishith Desai TMT leader Kartik Maheshwari joins fast-growing Netflix legal team in business vertical

Kartik Maheshwari, Mumbai-based leader at Nishith Desai Associates (NDA), has resigned from the firm several month ago and will join Netflix India’s legal team soon, according to sources.

Viacom18 GC Sujeet Jain joins UltraTech as legal head

Sujeet Jain, the group general counsel and company secretary of Viacom18, has joined UltraTech Cement as chief legal officer (CLO) in Mumbai in April.