Fast-growing Swedish cloud computing services provider Sinch AB said on Monday it had agreed to buy Indian firm ACL Mobile for about $70 million (INR 5,350 million) in cash, its third large acquisition since the start of March. — Nytimes Dua Associates advised ACL Mobile led by a team of partners Mu...

From today, nearly all of Khaitan & Co lawyers and support staff will officially have the option of working from home, in a bid to reduce the risk of spreading the novel coronavirus (COVID-19) amongst its workforce.

Dua Associates has hired Lakshmikumaran & Sridharan (LKS) dispute resolution partner Ganesh Chandru and his team of four lawyers in Delhi.

Issuance of Non- Convertible debentures by Coventry Properties Private Limited to funds managed by Motilal Oswal Real Estate Investment Advisors II Private Limited. The Non-Convertible debenture were issued to fund a real estate project in Sewree, Mumbai. ELP advised Coventry Properties Private Limi...

Humour Me Private Limited has raised $1.3m from a consortium of investors.

Legasis Partners advised Humour Me Private Limited led by a team of partner Apurv Sardeshmukh and associate Aanchal Lamba.

Also advising was Dua Associates.

2018-06-18

Deal value: $1.3m

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“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.

D ua Associates has promoted two partners to equity and four to salaried partnership, reported Bar & Bench . New equity partners Jaspreet Sareen - Gurgaon (corporate) Hetal Thakore - Mumbai (disputes) New salaried partners Chitranshul Sinha - Delhi (disputes) Kapil Mahajan - Gurgaon (corporate)...

It is well known that nearly every Supreme Court case is in want of an advocate-on-record (AOR), and several lawyers and law firms have made this a core part of their Supreme Court practice. After analysing more than 120,000 of the Supreme Court’s daily orders from 2018, we have now compiled a list of the busiest advocate-on-record (AOR) firms in the apex court, according to the number of orders mentioning their names.

The Oman India Joint Investment Fund has proposed acquiring shares of PnB Metlife India Insurance Company Limited (“PNB Metlife”) from The J&K Bank Limited. Oman India Joint Investment Fund is a private equity firm being a joint venture of Oman’s State General Reserve Fund and State Bank of Ind...

Dua Associates Chennai partner Senthil Kumar Ramamoorthy has now been confirmed and appointed as additional judge of the Madras high court.

IIFL India Private Equity Fund, an investment arm of India Infoline Limited, has acquired a majority stake in Kadaeishwar HomeFin Private Limited.Jerome Merchant + Partners advised IIFL. “IIFL buys majority stake in mortgage lender; KKR mulls buying IL&FS road projects: IIFL India Private Equit...

“Ashiana Housing Ltd enters into management agreement for managing Utsav Care Homes - Bhiwadi: Ashiana Housing Ltd has entered into a Management Agreement with Genesis Rehabilitation Services India Pvt. Ltd. to manage and operate, the ‘Utsav Care Homes’ - Bhiwadi (Rajasthan),” reported Equitybulls ....

“Daiko Advertising Inc, a full-service advertising company headquartered in Japan’s Osaka, has acquired a majority stake in New Delhi-based creative advertising agency From Here On Communications Pvt. Ltd (FHO) for an undisclosed amount,” reported VCCircle. clientDaiko was advised by Acuity Law led ...

Dua Associates has promoted seven to partner, according to Bar & Bench.

• Ashish Singh
• Punish Arora
• Shradha Dubey
• Ritu Singh
• Ami Ranjan
• Vas Dev Gulwani
• Pramod Gharge

With this the total number of partners at Dua Associates now stands at 67.

In a Rs 65 crore deal, Mahindra & Mahindra is investing into a new merged company that includes its own logistics platform, SmartShift, with the start-up Porter, which allows businesses and individuals to book and rent small trucks and tempos on demand via an app, as reported by TechCircle . Ve...

McDonald’s India has approached the Delhi high court seeking to enforce a 13 September London Court of International Arbitration (LCIA) partial award to appoint experts to value and sell estranged former managing director Vikram Bakshi’s stake in the North and Eastern India local franchise of the fast food giant, reported Mint, the Economic Times and others.

Tatva Legal Delhi-based former managing partner Shishir Sharma and two non-equity partners - Seher Ali and Natasha Tuli - are rejoining Dua Associates, the firm Sharma had left seven years ago with 50 other lawyers from Dua in one of the largest-ever breakaways in the Indian legal market.

“In a major setback to the US- based fast food chain McDonald’s in India, the National Company Law Tribunal (NCLT) today restored its estranged partner Vikram Bakshi as the Managing Director of Connaught Plaza Restaurant Ltd. The tribunal has said the meeting of Connaught Plaza Restaurants Ltd (CPRL) of August 6, 2013 in which Bakshi was removed as MD of the company was illegal, unjust and malafide,” reported the PTI.

Dua Associates has grown its equity partnership by two, and made two new salaried partners in the Gurgaon, Delhi and Mumbai corporate teams.

Dua Associates acted for Canara Bank in the sale of its 13.45% stake in Can Fin Homes, which was bought by Singapore’s sovereign wealth fund GIC for Rs 753.77 crore in an off-market deal on 10 March 2017.