J Sagar Associates (JSA) advised Financial Technologies (India) (FTIL) on the Rs 459 crore ($76m) sale of its 15 per cent stake in Multi Commodity Exchange of India (MCX) to Kotak Mahindra Bank which was advised by Amarchand Mangaldas. JSA partners Berjis Desai, Somasekhar Sundaresan and Vikram Ragh...

Link Legal advised GMR Infrastructure which raised Rs 1,477 crore ($246m) through qualified institutional placement (QIP). Clifford Chance and Amarchand Mangaldas advised Merrill Lynch, Deutsche Bank, J.P. Morgan, Axis Capital and ICICI Securities who were the lead managers to the issue. Link Legal ...

Amarchand Mangaldas lost steady client Adani Gas’ case in the Competition Commission of India which fined the company Rs 25.67 crore ($4.3m) on the complaint of the Faridabad Industries Association (FIA). FIA was advised by advocate Sharad Gupta. Amarchand Mumbai competition partner Nisha Kaur Ubero...

Amarchand Mangaldas Mumbai partner Vandana Pai Bharucha has left the firm for health reasons.

Former Reserve Bank of India (RBI) deputy governor Anand Sinha joined Amarchand Mangaldas yesterday as senior advisor (financial services) in Mumbai.

Khaitan & Co advised Mumbai-based pharma company Elder whose domestic formulation business was acquired by Ahmedabad-based drug major Torrent Pharmaceuticals for Rs 2,004 crore ($324m). Torrent was advised by Amarchand Mangaldas. This is the largest domestic M&A in the pharma sector, accor...

Amarchand Mangaldas Mumbai capital markets partner Abhimanyu Bhattacharya has left the firm on Saturday.

Mergermarket Q1 M&A value leader AZB & Partners slipped to seventh spot in 2014’s half-yearly rankings, while Q1 ninth-ranked Amarchand made up the lag to top spot.

Universal Legal advised Aavishkaar India II and Amarchand Mangaldas advised Fidelity Growth Partners India in investing Rs 80 crore ($13m) in Orissa-based dairy Milk Mantra which was advised by Wadia Ghandy. Universal partner Sameena Chatrapathy and associate Shreya Deora acted for existing investor...

Khaitan & Co and Anderson, Mori & Tomotsune advised Japan’s Meiji Seika Pharma in buying Bangalore pharma company Medreich for Rs 1720 crore ($290m). Medreich was advised by Amarchand Mangaldas. Khaitan corporate partner Bhavik Narsana, banking and finance partner Kumar Saurabh Singh, comp...

Amarchand Mangaldas and Linklaters advised India’s fourth largest private bank Yes Bank in raising Rs 2,942 crore ($500m) through a qualified institutional placement (QIP). Amarchand Mumbai capital markets partners Yash Ashar and Abhimanyu Bhattacharya and Linklaters Singapore managing associate Pal...

Indian law firms have taken a deeper interest in policy formulation in the last five years than they have before, however they are wary in a big way of being seen as “lobbyists”.

Amarchand Mangaldas advised realty giant DLF on India’s first commercial mortgage backed securities (CMBS) issue to raise Rs 3,500 crore this fiscal.

S&R Associates advised international media house Bertelsmann’s strategic investment arm Bertelsmann India Investment in its investment online lifestyle marketplace Pepperfry. Pepperfry and its existing investor Norwest Venture Partners was advised by Amarchand Mangaldas. S&R Delhi partner ...

Desai & Diwanji advised Fidelity Capital in the sale of its equity in Laurus Labs, which was advised by Amarchand Mangaldas, to Warburg Pincus which was advised by AZB & partners.

Indus Law advised old client and online marketplace Snapdeal’s parent Jasper Infotech in its $100m (Rs 590 crore) second round of funding from US-based BlackRock Financial Management, Singapore’s sovereign wealth fund Temasek, Hong Kong-based Myriad Asset Management and Tybourne Capital Management, and Azim Premji’s Premji invest

Amarchand Mangaldas advised India’s largest port operator Adani Ports Special Economic Zone in its Rs 5,500 crore ($930m) buy of the Dhamra port from L&T Infrastructure and Tata Steel, which were advised by AZB & Partners Mumbai partner Shameek Chaudhuri. Amarchand Mumbai managing partner ...

The Financial Times ’ Mumbai correspondent James Crabtree visits Amarchand Mumbai’s top husband and wife team Cyril and Vandana Shroff at their home, documenting their symbiotic working relationship, decorating nous and fondness for all things elephant-themed, for the business paper’s House & H...

Answer: It depends (but nine is magic number)

The markets are picking up it looks like – here’s the round-up of what firms have been getting up to.