Bengaluru based Prestige Estate has taken over a Mumbai housing project from the debt ridden Ariisto Developers resolving about INR 1650 crores of the total INR 2200 crores owed by Ariisto, as reported by The Times of India . The resolution plan as approved by the Committee of Creditors, is a hybrid...

Supply chain company Leap India Private Limited has seen an investment of around $7m by Sargam Retails Private Limited. Rajani Associates advised Leap India Private Limited led by a team of managing partner Prem Rajani , principal associate Pearl Boga and associate Karen Issac . 2019-11-04 Deal valu...

eClerx Services Ltd bought back 17,46,666 fully paid-up equity shares at a price of Rs 1,500 per equity share for an aggregate amount of Rs. 262,00,00,000 (Rupees two hundred and sixty-two crores), according to Stock Exchange filings. The buy back was undertaken on a proportionate basis from eligibl...

Rajani Associates has acted for Vistar Metal Industries Pvt Ltd , a respondent in relation to proceedings filed by financial creditor Ashok Wadhwani against it and Kharewali Steel Pvt Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016, with a team led by partner Devesh Juvekar , senior ...

“Kolkata-based Aashiyaan Housing & Development Finance Pvt. Ltd, which is yet to start housing finance for low-income families, said it has raised around $2 million (Rs 13.5 crore) in a seed round led by foreign social-impact investors Insitor and The Netherlands-based Oikocredit. The firm, yet...

“Bengaluru-based organic, ready-to-cook processed food startup, YCook has raised $5 Mn in a Series B round of funding from Binny Bansal backed venture capital firm, 021 Capital and Netherlands-based impact fund Oikocredit,” reported Inc42 . Rajani Associates advised Oikocredit Ecumenical Development...

Monte Carlo Fashions Limited successfully completed its buy-back of its shares, according to reports . Monte Carlo is a public listed company, engaged in the business of manufacturing woollen and cotton garments for men, women and kids. Monte Carlo primarily caters to premium and mid-premium branded...

“SEWA Grih Rin Ltd, an affordable housing finance company of the Self-Employed Women’s Association (SEWA) Group, said it has raised Series B funding. The lender, operating under Sitara brand, has closed Rs 67 crore ($9.8 million at current exchange rate) funding round from Oikocredit, Omidyar Networ...

“Origo Commodities has raised ?80 crore from impact investors Oikocredit, Caspian SME Impact Fund IV, and Triodos Investment Management through its Hivos-Triodos Fund,” according to the Hindu BusinessLine . The 2010-founded company provides “agriculture supply chain solutions and financing for all p...

Rajani Associates Mumbai-based associate partner Amit Kolekar has joined Godrej & Boyce Manufacturing Company as its head real estate advisor in its legal team earlier this month.

Rajani Associates has promoted four principal associates - Amish Shroff, Amit Kolekar, Ankur Singhania and Mayur Shetty - to associate partner level, with effect of 1 April 2017, growing the partnership to a total of 13.

Rajani & Associates senior partner Sanjay Israni left the firm to head Desai & Diwanji’s capital markets team as a partner in Mumbai.

Economic Laws Practice (ELP) hired Vyas as Mumbai litigation associate partner.

Seth Dua & Associates advised Chinese telco ZTE Corporation in filing a winding up petition against Indian phone service provider Loop Mobile in the Bombay high court

Big project M&A in the project space with Desai & Diwanji and Amarchand, while a project finance take-out scheme keeps Dhir busy.

Rajani Associates advised brokerage house Motilal Oswal Private Equity (MOPE) which invested Rs 35 crore ($6.4m) in concrete blocks maker Magicrete Building Solutions, which was advised by Luthra & Luthra. Rajani Associates founding partner Prem Rajani with partner Poorvi Sanjanwala, senior ass...

Amarchand, Luthra, Khaitan, JSA, AZB, ARA, Rajani, HSA, KSP and Majmudar lead in the latest round-up of intercontinental multi-million dollar deals…

The latest deals in one place: Khaitan for Kingfisher, Heidelberg, Hutchison Whampoa | AMSS for Mitsui, Schneider, Alstom, Siemens, RTL, IDFC | Siemens: AMSS-Jones Day & more.

Khaitan & Co advised Bahrain-headquartered telecom service provider Bahrain Telecommunications Company (Batelco) in its $174m stake sale in its Indian joint venture STel to Skycity Foundation, which was advised by Rajani Associates.

Read Legally India’s December and late November deals round-up to find out what friends and colleagues have been up to.