In what will be welcome to the firm’s corporate strength, Shardul Amarchand Mangaldas Mumbai corporate finance and M&A partner Jay Parikh is set to join Luthra & Luthra in Mumbai early next month, according to authoritative market sources.

Verus Advocates has promoted disputes partner Charles De Souza to its partnership, as one of its senior partners Jay Parikh has left the firm.

Verus Advocates partner Jay Parikh explains why the Reserve Bank of India recently announced it won’t dictate valuation of shares for foreign investors anymore.

Verus advised India-based leading global wind-power company and longstanding client Suzlon Energy (Suzlon) in the Rs 160 crore ($40m) sale of its 58 MW wind-farm Suzlon Engitech to an undisclosed purchaser, which was advised by Desai & Diwanji.

Exclusive: Barely one-year-old start-up Verus Advocates will convert to equity partnership tomorrow with Bharucha & Partners corporate senior associates Dipankar Bandyopadhyay and Jay Parikh joining in Mumbai, while litigators Rishad Chowdhury and Sourav Bhagat will join in Delhi and Kolkata respectively.