Realty firm Embassy Group has entered into a joint-venture of about Rs 900 crores with US-based Taurus Investment Holdings in an SPV called Winterfell Realty Private Limited, to develop commercial projects, including an IT/ITES SEZ, encompassing 2.5 million square feet on a 10-acre land parcel as part of Phase III of the Technopark SEZ in Thiruvananthapuram, Kerala as reported by Livemint and The Economic Times.

The Supreme Court directed the Punjab State Power Corporation (PSPCL) to pay Rs 1100 crores as refund to L&T subsidiary Nabha Power (NPL), relieving NPL from a potential loss of Rs 8000 crore over the next 22 years.

J Sagar Associates (JSA) has opened an office in the Gujarat International Finance Tec-City (GIFT) special economic zone (SEZ), after SEZ rules had recently seen a liberalisation that allows legal services providers to operate from there.

“Budget-hotel tech company Treebo has raised Series C funding of $34 million led by Hong-Kong based investment firms Ward Ferry Management and Karst Peak Capital. Existing investors SAIF Partners, Bertelsmann India Investments and Matrix Partners also participated in the round,” reported Your Story.

HSA Advocates^ partner Megha Arora has moved back to J Sagar Associates (JSA), as partner, as first reported by Bar & Bench.

J Sagar Associates (JSA) newly promoted partner Sumit Sinha left the firm to join DMD Advocates as a partner in its corporate team in Delhi.

The commerce and law ministries are unequivocally in favour of opening up the legal sector to foreign lawyers as soon as possible, reveal the full minutes of the July meeting between ministries and lawyers, though the details of how this will be done remain uncertain.

Trilegal has voted for J Sagar Associates (JSA) Mumbai banking and finance partner Kannan Rahul to join the firm’s partnership.

“Axis Bank Ltd on Thursday announced the acquisition of Snapdeal-owned mobile wallet FreeCharge in a Rs385 crore all-cash deal, strengthening its position in the payments space,” reported Mint.

Automotive insurtech company Roadzen Inc. has acquired the India operations of assistance services company AXA-Assistance India by acquiring 100% equity stake in AXA Assistance India Private Limited from its sole shareholder Inter Partner Assistance SA in a cross border transaction.

Cyril Amarchand Mangaldas principal associate Tirthankar Datta will join J Sagar Associates (JSA) some time next month as a retained partner in its banking team, we understand from sources.

When we interviewed former J Sagar Associates (JSA) senior partner Berjis Desai last month about his new post-retirement life as a private lawyer, he said that one of the advantages with not being inside a law firm anymore, was that “one is freed from the world of conflict of interest - one is free to say what he wants, and speak what one wants.”

J Sagar Associates (JSA) has promoted 11 principal associates to retained (salaried) partner level, reported Bar & Bench:

Nishith Desai Associates Huzefa Tavawalla along with Kartik Maheshwari and Poonam Sharma acted as Indian and transaction counsel for CLIENT:: Zensar ;;.

J Sagar Associates (JSA) Delhi regulatory and policy salaried partner Nitin Kala, joined the Dubai headquarters of a subsidiary of Mumbai-founded tech company Directi, as first reported by Bar & Bench.

J Sagar Associates (JSA) Mumbai retained partner Zerick Dastur has left the firm to set up his own counsel practice, as first reported by Bar & Bench.

J Sagar Associates (JSA) Delhi projects equity partners Sumanto Basu_ and Pallavi Bedi will be leaving the firm by 31 March 2017.

“On 21 December, RCom signed a binding agreement with Brookfield to sell a 51% stake in Reliance Infratel for Rs11,000 crore. RCom currently owns close to a 96% stake in the company, while the remaining ownership is with minority investors,” reported Mint on 29 December 2016.

Thermal Energy Solutions Pvt Ltd (TESSOL), a company engaged in providing next-generation clean technology cold chain solutions, has raised an undisclosed amount from Infuse Ventures and Ankur Capital. TESSOL, founded by Mr. Rajat Gupta, had raised seed investment from Infuse Ventures in 2014.

Cyril Amarchand Mangaldas has acted on $40.4bn worth of mergers and acquisition in the 2016 calendar year, according to researcher mergermarket, with AZB & Partners having recorded $30.1bn of M&A deals in the same period.