Corporate

Ex-Luthra partner Deepak Joyce shares what running his own start-up taught him about legal practice & how he returned to the law

After leaving partnership in Big Law in 2015, Deepak Joyce spent two-and-a-half years starting up a business in the construction space. One year ago, in April 2018, he returned to the legal fold and set up Joycelaw in Gurgaon as a sole practitioner, so far, focusing on advising start-up founders as well as some work for funds.

CAM advises creditors in huge Jyoti Structures NCLT rescue by investors

“The Mumbai bench of National Company Law Tribunal (NCLT) on Wednesday approved the resolution plan for Jyoti Structures presented by the Resolution Professional on behalf of a group of investors led by Sharad Sanghi and others,” reported Business Standard about the insolvency acquisition. The deal ...

CAM, Pioneer Legal assists on Adani buy of $48m logistics company from True North

“Adani Logistics Limited (ALL) Thursday said it would acquire up to 100 per cent stake in Innovative B2B Logistics Solutions, an entity controlled by private equity firm True North, for Rs 331.5 crore. “The acquisition is complementary to ALL adding meaningful Size, Scale and Diversification,” repor...

CAM, AZB on Nitesh Estates $34m sale of Koregaon mall to Abbey Realtors

Nitesh Estates, “through its wholly owned subsidiary Nitesh Indiranagar Retail Private Limited has signed Share Purchase Agreements with Abbey’s Realtors LLP a nominee of Ela Realty Private Limited, Group Entity - ABIL Group and sold its 100 percent holdings in step down Tier- II Subsidiary - Korega...

CAM, JSA, Trilegal advise on BigBasket $150m investment from Mirae, Alibaba, CDC

“SuperMarket Grocery Supplies Pvt. Ltd, which owns online grocer BigBasket, is raising $150 million (about Rs 1,040 crore) in a fresh round of funding led by South Korean firm Mirae Asset,” reported VCCircle , which also included Alibaba and CDC. Cyril Amarchand Mangaldas advised Supermarket Grocery...

SAM, CAM advise General Atlantic on $31.5 investment in Byju’s at unicorn valuation

“Ed-tech unicorn Byju’s, owned by Think & Learn Pvt. Ltd, has raised $31.3 million (Rs 215 crore at current exchange rate) in a fresh round of funding from existing investors General Atlantic and Tencent Holdings Ltd,” reported VCCircle . Shardul Amarchand Mangaldas & Co advised Byju (oper...

JSA acts for PepsiCo on business transfer sale of franchise rights to Dua’s Varun Beverages

“Varun Beverages Ltd (VBL) on Monday said that its board has approved plans to acquire franchise rights from PepsiCo in the South and West regions,” reported Hindu Business Line about the business transfer.

CAM gets Innoviti $4.3m venture debt fundraise from Trifecta, others

“Enterprise payments solutions provider Innoviti has raised ₹80 crore in debt from venture debt fund Trifecta Capital and non-banking finance companies (NBFCs), a top company executive said,” reported Mint . Cyril Amarchand Mangaldas advised Innoviti Payment Solutions Private Limited led by a team o...

Khaitan, L&L on TNB Topaz Energy $33m debenture fundraise for Himachal power project from GMR

The deal represents an investment by TNB Topaz Energy Sdn. Bhd., a subsidiary of Tenaga Nasional Berhad, of up to INR 2,256,010,000 by way of subscription to compulsorily convertible debentures and equity shares issued by GMR Bajoli Holi Hydropower Private Limited, according to reports . “GMR Infras...

Khaitan acts on Insight $5.5m Series A into BharatPe

“Digital payments firm BharatPe has raised $15.5 million in a Series A round of funding from existing investors Sequoia Capital and Beenext, and new investor Insight Partners, it announced on Thursday,” reported Dealstreetasia . Khaitan & Co advised Insight Venture Partners , USA led by a team ...

Khaitan acts for Reliance Industries on $8.6m buy of C-Square Info Solutions

Reliance Industries controlled Reliance Industrial Investment and Holdings (RIIHL), has picked up majority stakes in companies C-Square Info Solutions from the existing shareholders for up to Rs 22.04 crores ($3.1m) for acquisition of shares of up to Rs 60 crore ($8.6m), according to reports . Khait...

MNSA, Atlas act on Sandhya Hotels buy of Akme Rhine River

AkmeRhine River Projects Private Limited was completely acquired by Sandhya Hotels Private Limited, according to MNSA Legal. MNSA Legal advised Akme Rhine River Projects Private Limited led by a team of partner Shadaab Anwar , partner Manish Gaurav , partner Aniket Gautam . Also advising was Atlas L...

Khaitan acts o $300m deal for GMR Hyderabad Airport high yield bond issue

“GMR Hyderabad International Airport Limited, a GMR group company, Thursday said it is raising 300 million dollars from the overseas bond market for use in the expansion of Rajiv Gandhi International Airport here,” reported The Economic Times . The offering consists of 5.375% high yield bonds of 5 y...

Vaish, Samvad act on NSE buy of cybersecurity firm Aujas Networks

“NSEIT, a wholly-owned subsidiary of National Stock Exchange of India (NSE) has acquired Aujas Networks, a cybersecurity firm whose customers include Japanese financial services group Mitsubishi UFJ and a domestic national identity programme. Financial terms of the private transaction were not discl...

$413m Delhivery Series F round from Carlyle, Fosun ropes in Samvad, AZB, Luthra, CC

“Logistics startup, Delhivery has raised $413 million in its latest round of equity financing led by SoftBank’s Vision Fund, the Gurgaon-based company announced on Sunday. The transaction has also seen participation from Delhivery’s existing investors, bulge-bracket private equity firm Carlyle Group...

Chennai’s AK Law, Trilegal, Themis, JMP get $14m funding for Quick Ride from Naspers, VH, SCI

“Bengaluru-headquartered car and bike-pooling startup Quick Ride has raised INR 100.78 Cr ($14.4 Mn) in Series B funding from its existing investors Sequoia, Naspers and Venture Highway,” reported Inc42 . Chennai-based law firm AK Law Chambers advised the company Quick Ride , owned by iDisha Info La...

JMP acts for existing investors in Qi Healthcare fundraise

Qi Healthcare, a company in healthcare sector raised a fresh round of funding from its existing investors, Seven Rivers Capital and its affiliates funds. Jerome Merchant + Partners advised existing investors and the Qi Healthcare in relation to raising of funds led by a team of partner Sameer Sibal ...

Bharucha, JMP assist Dutch chemicals maker IMCD on $17.4m buy of Indian Aroma Chemical

Dutch chemicals distributor IMCD has taken over Indian company Aroma Chemical Agencies, according to the company’s press release and a Dutch newspaper report, for up to Rs 120 crores. Jerome Merchant + Partners advised Aroma Chemical Agencies (India) Pvt Ltd led by a team partner Vishnu Jerome and a...

Vertices, JMP, TTA act on $15m Series C for foodtechie Box8

“Mumbai-based foodtech startup Box8 has raised $15 Mn in its Series C funding round, led by eWTP Ecosystem Fund. The company’s existing investors Mayfield and IIFL Seed Ventures fund will also participate in this round. The company said it plans to scale its business geographically to five more citi...

JMP, JSA act on Suryodaya Small Bank $35.9m fundraise

“Suryoday Small Finance Bank, a scheduled commercial bank, has raised ₹248 crore in equity funding through private placement, which the company intends to use for expansion plans,” reported Hindu Business Line . Jerome Merchant + Partners advised the existing investor of Suryodaya Small Bank, Evolve...