Khaitan & Co’s recent White & Case lateral hire has advised Reliance Industries and Infotel Broadband Services on a $500m loan to finance its broadband wireless access (BWA) auction win. Linklaters and Juris Corp advised the lead lender RBS.

Khaitan & Co has advised Rabobank’s private equity unit Rabo Equity Advisors in its investment of Rs 50 crores in Agra-based integrated packaging company called Vacmet India Limited for a 23.92 per cent post-issue equity stake.

Amarchand Mangaldas acted on more than half of the total number of Qualified Institutional Placements (QIPs) in Legally India’s QIP League Table of the 2009-2010 fiscal year. AZB & Partners and Khaitan & Co were the second-busiest followed by J Sagar Associates (JSA) and Crawford Bayley and S&R Associates amongst domestic firms.

International firm Jones Day bagged the maximum QIPs out of foreign law firms acting for the book running lead managers while Linklaters, Dorsey & Whitney and Clifford Chance also won mandates on a significant numbers of fundraisings.

Khaitan & Co has advised on the setting up of two domestic venture capital (VC) funds iPro Capital Private Equity Trust and Subhkam Growth Fund, with each planning to raise approximately Rs 100 crores in various sectors under their maiden schemes.

Khaitan & Co has advised India’s largest utility vehicle maker in acquiring Bangalore electric car manufacturer REVA Electric Car Company, which was advised by Trilegal.

Crawford Bayley sold 350,000 square foot of client Bombay Dyeing and Manufacturing Company (BDMC)‘s real estate complex in Parel to Khaitan & Co client Axis Bank for around $170m.

Khaitan & Co has acted opposite PwC (PricewaterhouseCoopers) in the sale of Blue Star’s 24 per cent-owned ventilation subsidiary to Swedish company Systemair AB.

Amarchand Mangaldas picked up almost one third of 33 initial public offering (IPO) mandates in the first quarter of 2010, while Crawford Bayley, J Sagar Associates (JSA), Luthra & Luthra and Khaitan & Co together bagged another 40 per cent of instructions.

Khaitan & Co scooped another Blackstone mandate in the private equity house’s Rs 225 crore ($51m) investment in newspaper publisher Jagran Media, which was advised by Luthra & Luthra. Simpson Thacher was the international legal counsel to Blackstone.

Khaitan & Co has promoted Mumbai associates Joy Jacob, Ashwin Mathew and Savita Singh to its partnership and announced associate bonuses of as much as 90 per cent of annual salaries at the top end.

Khaitan & Co Mumbai has hired J Sagar Associates (JSA) retained partner and infrastructure projects specialist Amitabh Sharma into its partnership, which is the third lateral partner hire the firm completed yesterday (1 April).

Khaitan & Co has bolted on Delhi technology media and telecommunications (TMT) practice start-up Legal Spectrums and its founder Asim Abbas as a partner and has hired two lawyers from telecoms major BT’s offshore legal centre in Gurgaon.

Khaitan & Co has won a landmark order from the Authority for Advance Rulings (AAR) for the firm’s client E*trade Mauritius (ETM) to obtain tax exemptions under the India-Mauritius Tax Treaty on capital gains accrued from a sale of shares it held in an IL&FS investment.

Khaitan & Co has hired ex-bureaucrat and lawyer Dr PK Agrawal as partner to head its real estate practice in Delhi.

Khaitan & Co is the domestic counsel for Mahindra Forgings Limited and Jones Day Singapore the international legal advisors to the qualified institutional placement (QIP) filed by Mahindra & Mahindra owned forging and auto component company.

Khaitan & Co and Naik Naik & Co have advised multiplex owner INOX Leisure in acquiring a 43.28 per cent stake of the promoter group of rival multiplex chain Fame India for Rs 66.34 crore.

Khaitan & Co has picked up the Indian mandate to advise private equity group Intermediate Capital Group (ICG) on the $440m purchase of legal process outsourcing company CPA Global, alongside a raft of international firms.

Khaitan & Co and Wadhwa Group’s in-house counsel have closed Mumbai’s largest land deal of the year, in the 18.18-acre land purchase in the eastern suburbs of Mumbai from Hindustan Composites (HCL) for Rs 571 crore ($125m).

Amarchand Mangaldas has significantly expanded its lead in the qualified institutional placement (QIP) stakes, acting on eight out of 18 QIPs filed in the third quarter of 2009. AZB & Partners and Khaitan & Co bagged three mandates each, with J Sagar Associates (JSA) and Crawford Bayley picking up two each.

Desai & Diwanji acted on 24 M&A deals in the 2009 calendar year, placing it at the top of data provider mergermarket’s M&A league table by volume. Amarchand Mangaldas topped the table by value, having advised on M&A deals worth $6.4bn in 2009, while Khaitan & Co and AZB & Partners also gave a strong showing.