[Ministry of Railways-owned RailTel will launch its IPO on February 16 this year. The share sale, which will end on February 18, will be priced at Rs 93 to Rs 94 per equity share. The minimum market lot size for the IPO is 155 shares, where an individual investor can apply for up to 13 lots (2015 sh...

Punjab National Bank (PNB) raised approximately INR 3,788.04 crore through a qualified institutions placement of 1,06,70,52,910 equity shares of face value INR 2 each, at a price of INR 35.50 per equity share (at a discount of 4.95% i.e., INR 1.85 per equity shares on the Floor Price), including a p...

Wapcos Limited acquired the National Projects Construction Corporation Limited (“NPCC”), as aprt of the Government of India initiative to raise funds from strategic disinvestment through sale of government’s shareholding in CPSE’s, according to reports . Link Legal India Law Services advised Wapcos ...

Mahindra CIE Automotive … completed the acquisition of Aurangabad Electricals for Rs 830 crore. — Moneycontrol AZB & Partners advised Mahindra CIE Automotive Limited led by a team of partners Srinath Dasari , and associates Gautam Rego Samyuktha Santhosh. Crawford Bayley acted for the promoters...

Action Construction Equipment Limited has approved the buyback of Rs 34.5 crores of its own shares, according to reports . Crawford Bayley & Co advised Action Construction Equipment Limited led by a team of partner Sanjay Buch and senior associate Rahul Aggarwal . 2019-05-16 Deal value: Rs. 34....

“In August 2018, [US-based] Ebix spent ₹ 1,200 crore to acquire Centrum group’s forex business Centrum Direct Ltd,” according to reports . Crawford Bayley & Co advised Centrum Group led by a team of partners Sanjay Asher and Bhumika Batra along with associates Sachita Shetty , Sanskriti Relekar...

Shardul Amarchand Mangaldas managing partner Pallavi Shroff is set to join India’s largest e-payments brand Paytm as a director, reported Business World.

Khaitan & Co has filed more IPO drafts than any other firm in 2017 just ahead of Cyril Amarchand Mangaldas, in a market where downward pricing pressures have made it tough across the board.

Shardul Amarchand Mangaldas (SAM), Crawford Bayley, Luthra & Luthra, ALMT Legal, Trilegal, Hammurabi & Solomon and Cyril Amarchand Mangaldas (CAM) have applied to act as legal advisors on Air India’s share sale, reported the PTI.

Crawford Bayley associate partner Vinayak Vengurlekar left the firm on 31 May. GLC Mumbai alumnus Vengurlekar was promoted to associate partner at the firm in 2011 and specialised in litigation. Crawford Bayley partner Sanjay Buch said: “He has resigned on personal grounds and may be starting his Counsel Practice considering he was assisting the firm in its litigation matters.” Vengurlekar was not reachable for comment at the time of going to press.

“Detergent major Nirma, which in July had agreed to buy the cement business of the French major Lafarge India, today raised Rs 4,000 crore debt to fund the deal, making it the largest rupee bond sale for a leveraged buyout,” reported Money Control.

Nirma will buy Lafarge India’s assets for $1.4bn from LafargeHolcim according to reports, with several law firms getting a slice of the action including Ashwath Rau’s old and new firm.

This week we have some exclusive news on HSA going full-steam ahead, an unreported S&R star hire (and why I think it could be one of the best-placed firms if the foreigners ever come), and a little bit of gossip on what Luthra has been up to the last few years.

Crawford Bayley promoted senior associate Sumit Vadhavkar to associate partner in its real estate practice, effective from 1 October. Vadhavkar will help the firm deal with increasing mandates in the commercial leasing space.

Private equity giant KKR invested $150m for a minority share via preferential allotment in Mumbai-based polyester maker JBF Industries, reported the Economic Times . Cyril Amarchand Mangaldas acted for KKR, with Mumbai based managing partner Cyril Shroff, Bangalore-based corporate partner Nivedita R...

J Sagar Associates (JSA) advised Reliance Infra on its Rs 819 crore ($130m) acquisition of 18 per cent stake in Pipavav Defence and Offshore Engineering which was advised by K Law and Crawford Bayley.

Crawford Bayley, AZB & Partners and Covington Burling advised Mumbai-based Famy Care on the $800m (Rs 4,944 crore) acquisition of its female contraceptives business by the world’s second largest drug maker Mylan. Mylan was advised by Luthra & Luthra and Cravath Swaine & Moore. Platinu...

DSK Legal advised Kancor Ingredients in selling a majority stake to French company Mane SA, Switzerland which was advised by Crawford Bayley. DSK managing partner Anand Desai with partner Ajay Shaw and senior associates Pragya Dhamija and Aditee Mohta acted for Kancor. Crawford partner Sanjay Asher ...

Sun Pharma bought debt-ridden pharmaceutical giant Ranbaxy for $4bn from Daiichi Sankyo.

Independent directors, many of whom are also partners in law firms, will have to resign from the boards of several companies after the Securities Exchange Board of India (SEBI) last week capped the number of directorships a person can hold to seven.