Shardul Amarchand Mangaldas (SAM) real estate partner Avnish Sharma is to join Khaitan & Co next month, boosting its real estate practice in Delhi that it’s long been looking to fill.

The Indian capital markets have a new international king, at least going by law firms and volumes of initial public offerings (IPO), and it’s Sidley Austin, in a league table dominated by a completely new list of firm names after a swathe of some big-name partner moves in the past years.

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.

Cyril Amarchand Mangaldas (CAM) Bangalore-based partner Reeba Chacko led for BigBasket, with partner Akshay Bhat and principal associate S Harish. The firm also acted for the existing investors.

India’s largest dry cell battery manufacturer, Eveready Industries, has entered into a joint-venture agreement with Indonesia-based leading consumer goods MNC Universal Wellbeing, foraying into the FMCG business in India, as reported by Business Standard and Mint . The joint-venture will also see Ev...

Kolkata-based private sector lender, Bandhan Bank, has filed draft papers with markets regulator SEBI for its initial public offer (IPO) to raise an estimated amount of over Rs 2,500 crores (around $391m) through a mix of primary and secondary share sale of equity shares, as reported by MoneyControl...

Kolkata-based lubricants company Asianol Lubricants recently announced that it has exited from its joint-venture with US-based Quaker Chemical Corporation by selling the remaining 45% stake in its Indian joint venture, Quaker Chemical India (QCIL), as per a report by Reuters . Khaitan & Co acte...

Chennai-based NBFC Samunnati Financial Intermediation & Services has raised Rs 150 crores ($23.5m) in a Series-C funding round led by Swiss investment firm responsAbility with participation from existing investors Elevar Equity and Accel Partners, as reported by VCCircle and The Hindu. The investment was done by way of subscription to 100 equity shares and 317,423 compulsory convertible preference shares of Samunnati.

The wealth management unit of India’s Edelweiss Group have announced the acquisition of Religare Enterprises’s retail broking business for Rs 250 crores (approximately $39m) by way of slump sale, as reported by The Economic Times and Mint . The acquisition by Edelweiss Wealth Management will include...

The promoter of India’s second largest pharmacy retail chain MedPlus Health Services, has raised around INR 750 crores (approximately $115m) in a debt funding round from Goldman Sachs to buy-back shares from Mount Kellett, TVS Capital Funds and Ajay Piramal’s India Venture Advisors, the existing pri...

Khaitan & Co Delhi principal associate Arjun Rajgopal joined K Law in Bangalore as corporate partner last month.

“SATS, in a joint bid with Cargo Service Center India (CSC), has won a cargo handling concession contract in Chhatrapati Shivaji International Airport in Mumbai, India.”, reported The Business Times . The joint venture constituted between CSC and SATS Investment, a subsidiary of SATS wherein SATS In...

Khaitan & Co bested Economic Laws Practice (ELP) and won the ELP Masters Cup Cricket Tournament on 7 January after three days of competition with 15 other Indian law firms.

Itochu Petroleum Co, the Singapore-based subsidiary of Japanese trading company Itochu Corporation has announced the acquisition of 19.7% stake in Aegis Logistics’ wholly-owned subsidiary, Hindustan Aegis LPG (HALPG), for INR 239 crores (apporximately $37.8m), as reported by Business Standard and VC Circle in May of last year. In addition to India, Itochu Corporation, the Japanese multinational trading group specialising in oil & gas, metals and other commodities, operates LPG import hubs in Japan and the Philippines.

AZB & Partners was the busiest and fastest growing law firm in India this year according to year-end rankings released separately by Bloomberg and Thomson Reuters.

“Ola, operated by ANI Technologies Pvt. Ltd, has acquired online food delivery start-up Foodpanda India from its German parent Delivery Hero AG in an all-stock deal that will see the ride-hailing firm infuse $200m in Foodpanda India’s operations,” reported Mint.

Premium dining venture Massive Restaurants owned by popular chef Jiggs Kalra and his son Zorawar Kalra has recently raised Rs 160 crores (approximately $25m) through a mix of domestic and foreign direct investment from mid-market PE firm Gaja Capital under a primary round, as reported by The Economi...

Mukesh Ambani-promoted 4G telecoms network Reliance Jio has agreed to buy the mobile business assets (including the spectrum, mobile towers and optical fibre network) of his younger brother Anil Ambani-promoted Reliance Communications, reported the PTI in The Hindu Business Line and others. Cyril Am...

In otherwise quiet pharma capital markets, leading pharmaceutical company, Natco Pharma has raised Rs 915 crores (approximately $142.5 million) through the issue of securities to qualified institutional investors, as reported by MoneyControl and The Economic Times . The board of directors earlier at...

Torrent Pharma, the flagship company of the Torrent Group, have announced their acquisition of the domestic formulations business of Unichem Laboratories, one of India’s oldest and largest pharma companies, for about Rs 3,600 crores (around $556m), through a business transfer agreement, as reported by The Economic Times and Business Standard.