Corporate

Kaden Boriss promotes 4 to managing partner, as ex-MP Hemant Batra takes a step back

The managing partner of Gurgaon-headquartered Kaden Boriss Legal, Hemant Batra, said he would be taking a back-seat in future, having bestowed the managing partner title to four of the firm’s lawyers, each of whom will be responsible for a practice vertical.

Recent Link Legal partner Darshika Singh reprises secondment, joins Japanese giant Mitsui in-house

Link Legal India Law Services associate partner Darshika Singh has joined Japanese conglomerate Mitsui & Co’s India subsidiary in-house, in its Delhi legal team in mid-January.

Two former India angel lawyers, 1 Phoenix SA start up law firm for start-ups, Regina

Two former Indian Angel Network (IAN) lawyers, Ankita Singh and Ajay Anand, and ex-Phoenix Legal senior associate Shikha Bhardwaj have set up a new law firm as co-founding partners to focus on giving start-up founders good legal advice, hoping to grow with the companies.

Cyril Amarchand TMT comp partner Rahul Goel resigns with team of 4

Cyril Amarchand Mangaldas partner Rahul Goel, who specialises in technology, media and telecoms, as well as competition law, has resigned together with his team, which includes partner-level director Anu Monga.

SAM on corp spree: Luthra loses young partner Neha Sinha, Tri counsel Karun Prakash joins as p-designate

Neha Sinha, who was made partner at L&L Partners (formerly Luthra & Luthra) in 2017, has joined Shardul Amarchand Mangaldas in a boost to its corporate practice, together with Trilegal counsel Karun Prakash, who is joining as a partner designate.

Veritas, Desai & D got milk: Tirumala buys Prabhat Dairy in $237.7m slump sale

“Tirumala buys Prabhat’s dairy business for Rs 1,700 crore: Tirumala Milk Products, south India’s second-largest player in the industry, has agreed to buy the dairy business of Navi Mumbai-based Prabhat for over Rs 1,700 crore, which will leave the latter to focus on its animal nutrition segment. Pr...

Link Legal finance partner Anurag Dwivedi (NLIU ‘05) joins Shardul Amarchand

Link Legal India Law Services banking and finance partner Anurag Dwivedi has joined Shardul Amarchand Mangaldas as a partner in Delhi.

Sahai, Rajaram acts on pre-Series A fundraise for ZoomTail

“Zoomtail raises seed capital led by Matrix Partners India - ETtech: The round also saw participation from V1 Capital, Kunal Shah, Anshuman Bapna and Shamik Sharma,” reported The Economic Times . Sahai & Co advised ZoomTail Technologies India Private Limited led by a team of partner Savyasachi ...

CAM Delhi employment partner Manishi Pathak moves to IndusLaw after 1-month break

IndusLaw has hired Manishi Pathak as a Delhi partner after he had resigned from Cyril Amarchand Mangaldas (CAM) last month.

Link Legal acts on $17.3m Sagarmala railway project investment

“Sagarmala Dev invests Rs 125 cr in Krishnapatnam Railway Co for rail corridor: Krishnapatnam Railway Company Ltd (KRCL) said […] it has received an investment of Rs 125 crore from Sagarmala Development Co,” reported The Times of India . Link Legal India Law Services advised Sagarmala Development Co...

AZB acts for IFC on loan facility to Bangladesh’s Dhaka Bank

“Dhaka Bank to get $55m from IFC for expansion: Dhaka Bank has recently signed $55 million facilities agreements with International Finance Corporation,” reported The Daily Star . AZB & Partners advised International Finance Corporation (IFC) led by a team of partners Gautam Saha and Pallavi Me...

AZB acts on $90m NIIF investment in HDFC Capital real estate platform

“NIIF invests Rs 660 cr in HDFC Capital realty platform: NIIF’s Fund of Funds has invested Rs 660 crore in HDFC’s real estate investment platform HDFC Capital Affordable Real Estate – 2 (H-CARE 2). The investment is done along with a wholly-owned subsidiary,” reported Hindu Business Line . AZB &...

AZB assists OYO on $600m fundraise entry to unicorn-land

“Oyo Rooms checks into unicorn club with $1 billion fundraise: Existing investors including SoftBank Vision Fund, Sequoia Capital and Lightspeed Venture Partners have put in $800 million, with commitments for another $200 million,” reported Mint . AZB & Partners advised Oravel Stays Private Lim...

AZB acts on Quest’s sale of India business to Bangalore’s Strand Life

“Quadria-backed Strand Life to acquire Quest Diagnostics’ India business: Bengaluru-based Strand Life Sciences Pvt. Ltd has agreed to acquire the India medical diagnostics business of New York Stock Exchange-listed Quest Diagnostics Inc,” reported VCCircle . AZB & Partners advised Quest Diagnos...

AZB acts on Shell 26% stake buy in Hazira LNG & Port

“Shell Gas B.V., a subsidiary of Royal Dutch Shell plc, said on Monday that it has entered into an agreement with Total Gaz Electricité Holdings France to acquire its 26% equity in the Hazira LNG and Port in Gujarat. The company did not disclose financial details of the deal. The agreement is subjec...

AZB acts on $100m IFC investment in Bain-Piramal Resurgent fund

“IFC makes LP commitment to Bain-Piramal’s $1 bn India Resurgent Fund: International Finance Corporation (IFC), the private sector investment arm of the World Bank, is coming in as a Limited Partner (LP) in India Resurgent Fund, which has a mandate to acquire distressed…,” reported VCCircle . AZB &#...

AZB acts Singapore’s Symple Wellness buy of Pune’s AllizHealth health analytics platform

“Singapore’s Symple Wellness acquires Mumbai Angels-backed AllizHealth: Singapore health-tech firm Symple Wellness Platform Pvt. Ltd, which operates under the Vivant brand, has acquired Pune-based wellness and health analytics platform AllizHealth,” reported VCCircle . AZB & Partners advised th...

AZB, ELP acts for SolarArise on first India investment by ThomasLloyd

“ThomasLloyd buys into solar power producer SolarArise in first India deal: European investment firm ThomasLloyd Group has acquired a stake in Delhi-based solar energy producer SolarArise India Projects,” reported VCCircle . AZB & Partners advised SolarArise India Projects Private Limited led b...

Themis, IC fire up $1.8m debt fundraise for PopiCorn maker Timla Foods

Timla Foods Private Limited, which makes flavoured pop-corn under its brand name “PopiCorn”, raised INR 12 Crores from Anicut Capital by way of debt, according to reports . Themis Associates advised Timla Foods Private Limited led by a team of Themis Mumbai associate partner Siddharth Manchanda and ...

KT(ripathy), Khaitan throw $55m lifeline to Hindusthan National Glass via Lotus One SPV

“HNG ropes in new investor to pare debt: Debt-ridden Hindusthan National Glass & Industries (HNG), the country’s largest container glass maker, has roped in a new investor, Lotus One Investment Pte of Singapore,” reported Hindu Business Line . Lotus One is a Singapore-based SPV, making a strate...