Trilegal advised ICICI Bank and a consortium of lending banks in the Rs 8,300 crore ($1.5bn) debt restructuring of Mumbai-based engineering and construction major Hindustan Construction Company (HCC) which was advised by Amarchand Mangaldas.

Amarchand Mangaldas Delhi office has scooped the mandate to merge Vedanta’s Sterlite Industries unit with Sesa Goa to decrease the mining conglomerate’s debt.

Amarchand Delhi on the demerger of power company into two businesses after Alstom and Schneider $429m buy last year.

AZB & Partners, Kochhar & Co, Trilegal, Zeus Law Associates, and Cleary Gottlieb Steen & Hamilton have advised on public listed Vishal Retail’s slump sale to private equity (PE) firm TPG and the Shriram Group for Rs 70 crore.

The Government has released a draft Bill seeking to amend the century-old Indian Stamp Act 1899 in a bid to enlarge its scope and introduce numerous changes in the extant provisions, including introducing a definition of conveyance.

Two far-reaching legal developments that will impact the transaction restructurings were published this month, following a Securities and Exchange Board of India (SEBI) circular amending clause 24 of the Equity Listing Agreement and a Delhi High Court decision imposing stamp duty on court approved schemes of amalgamation.