Projects and finance lawyer Sameen Vyas, who had been partner at L&L Partners, passed away earlier today after a cardiac arrest.

Luthra & Luthra has closed two project finance deals out of Delhi and Mumbai this week, acting on the Rs 1,497 crores ($325m) Gujarat road development project and the Rs 4,000 crore ($850m) syndicated term loan for Cairn India to develop oil fields.

Luthra & Luthra is advising ArcelorMittal on its Rs 500 crore ($103m) stake acquisition in Mumbai-based Steel company Uttam Galva Steels.

Luthra & Luthra partners have agreed to completely overhaul their management and partnership structure, which will see up to six current salaried partners enter the newly opened equity on a lockstep system.

Luthra & Luthra advised a consortium of banks on their Rs 14,550 crore ($3.1bn) project financing of the Sasan Ultra Mega Power Project for Reliance Power.

Reliance handled the transaction entirely with its in-house legal team of seven, led by its head of legal Umesh Mooteri.

Luthra & Luthra Delhi project finance head Sameen Vyas and Mumbai banking head Vijaya Rao (pictured) co-led the team for State Bank of India and a consortium of 11 other lenders.