Engineering giant, Larsen and Toubro Ltd (L&T) has entered into a definitive agreement with UK-based subsidiary of Colfax Group, ESAB Holdings, to sell 100% stake of its wholly owned unlisted subsidiary EWAC Alloys, for a total consideration of Rs. 522 crores ($80.6m) as reported by Livemint & Moneycontol. The transaction is a part of L&T group’s strategy to divest from their non-core business and is expected to be completed within 60 days from the date of execution of the share purchase agreement.

FMCG major Hindustan Unilever Limited (HUL) has entered into a share purchase agreement with Kimberly-Clark Corporation, U.S.A. (KCC) for the divestment of its entire 50% shareholding in their joint-venture with Kimberly-Clark Lever Private Limited, through which it sold baby and feminine care brand...

Indigo has hired a new general counsel (GC) with Gibson Dunn & Crutcher Singapore-based of counsel Priya Mehra, reported Bar & Bench.

Former AZB & Partners senior associate and ex-Jones Day lawyer Priya Mehra was promoted to of counsel at US law firm Gibson Dunn & Crutcher’s Singapore office, effective January 2014. Mehra is part of the firm’s India practice which was also strengthened by former AZB senior associate Bhar...

Ten foreign law firms will now be allowed to practice local law in Singapore, after the country’s law ministry approved four new Qualified Foreign Law Practice (QFLP) licences out of 23 total applicants.