Shardul Amarchand Mangaldas (SAM) will hold the Suresh and Bharati Shroff Memorial T20 Cricket League in Siri Fort Ground Delhi from 4 February - 11 March 2018 to be played in 15 matches over six weekends, between eight teams, including seven law firms, according to a press release from the firm.

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...

The PE real estate arm of Godrej Group, Godrej Fund Management is set to enter into an agreement with US-based private equity firm New Vernon Capital to buy its IT park at Thane for an estimated Rs 400 crores (around $62.5m), as reported by The Economic Times . The deal shall be concluded through 10...

Shardul Amarchand Mangaldas acted for Capital First , led by Mumbai area managing partner Akshay Chudasama , and the M&A team led by partner Ashni Roy , and associates Akansha Singh and Neha Shaw . The firm’s banking and finance team was led by partner Veena Sivaramakrishnan , consultant Gopalk...

AZB & Partners and Shardul Amarchand Mangaldas (SAM) acted on the biggest and greatest number of deals respectively, according to mergermarket (MM), which captured far fewer deals than both Bloomberg and Thomson Reuters databases that we had reported last week, in part due to its different deal eligibility criteria (see below).

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.

US-based private equity major Carlyle Asia Growth Partners has made an undisclosed but a significant majority stake acquisition in Chennai-headquartered healthcare solutions provider Visionary RCM Infotech (VRCM) through its affiliate Carlyle Growth Investments IV to support its growth and expansion...

Kolkata-based FMCG major Emami has announced the acquisition of a 30% stake in Helios Lifestyle, owners of the premium male grooming brand The Man Company, for an undisclosed amount, as reported by The Economic Times and MoneyControl . The acquisition of the stake is said to be completed by 31 Decem...

State-owned lender Union Bank of India (UBI) has proposed to raise up to Rs 2,000 crores (approximately $312.4 million) through qualified institutional placement (QIP) with an initial offer of Rs 1,000 crores followed by a green-shoe option for another Rs 1,000 crores, as reported by Financial Express. The placement document was filed with the Indian stock exchanges on 12 December 2017. As a part of the transaction, equity shares of face value of INR 10 each of UBI were placed with QIBs, aggregating to INR 2000 Crores.

Nettle Infrastructure Investment, a wholly owned subsidiary of Bharti Airtel Limited has sold a stake of 4.49% in mobile masts operator Bharti Infratel for an estimated Rs 3,289 crores (approximately USD 510 million) through block deals in the open market, as reported by Mint and The Economic Times ...

In the latest bi-annual rankings compiled by consultancy RSG India, AZB & Partners has topped the table ahead of Shardul Amarchand Mangaldas (SAM) and Cyril Amarchand Mangaldas (CAM), which had topped the table in 2015 when still united in one firm as Amarchand Mangaldas before their break-up (see full table below).

Shardul Amarchand Mangaldas advised and acted as the legal counsel for Axis Bank and was led by the private equity group of their general corporate practice team for all the legal aspects of the transaction. The transaction team was led by executive chairman Shardul Shroff, Mumbai-based regional practice head Raghubir Menon (M&A and PE, General Corporate), partners Abhishek Guha, Yogesh Chande, and senior associates Ankit Kejriwal and Anwesha Haldar, associates Kanwardeep Kapany, Gaurav Malhotra and Keegan Pavrey.

“The Rs 1,001 crore initial public offer has received good response from investors, with the issue getting oversubscribed 2.28 times. It was the first IPO by a power exchange in the country.”, reported Moneycontrol. IEX is India’s premier power trading platform and provides an automated platform for physical delivery of electricity, enables efficient price discovery and offers participants the opportunity to trade in a variety of energy products. The issue opened for subscription during October 9-11, with a price band of Rs 1,645-1,650 per share and debuted on the bourses on October 23rd.

Infradigital Technologies, a company promoted by Eros Labs, is reported to have sold its business undertaking engaged in the business of production and distribution of spiritual, devotional and religious audio-visual content and literature to Innertech Media Solutions, a portfolio company of Times Internet Limited. The business division was transferred as a going concern on a slump sale basis.

Leading tyre manufacturing company, Apollo Tyres raised upto Rs. 1500 crores (USD 230 million) via issue of shares to qualified institutional buyers (QIBs) as reported by The Economic Times and Business Standard . The placement document was filed with the Indian stock exchanges on October 6, 2017 an...

Cyril Amarchand Mangaldas (CAM) has significantly underbid competitors Shardul Amarchand Mangaldas (SAM) and Luthra & Luthra to win the final rounds of blind bidding for the mammoth strategic Air India disinvestment, quoting Rs 29.9 lakh ($46,100) in fees for what is expected to be a complex series of corporate M&A deals, said sources with knowledge of the bid.

Shardul Amarchand Mangaldas (SAM), Crawford Bayley, Luthra & Luthra, ALMT Legal, Trilegal, Hammurabi & Solomon and Cyril Amarchand Mangaldas (CAM) have applied to act as legal advisors on Air India’s share sale, reported the PTI.

Indiabulls Ventures Ltd, the financial services arm of the Indiabulls Group, approved raising Rs 2,000 crore (USD 305 million) either through rights issue of shares, to meet the funding requirements and to support future growth of consumer finance and assets reconstruction businesses carried out by the Company, through its subsidiary companies, as reported by The Economic Times and Livemint

Former Cyril Amarchand Mangaldas partner Nikhil Naredi, who resigned around April 2017, will join Shardul Amarchand Mangaldas soon, according to several authoritative sources, although nothing has been signed yet pending expiry of Naredi’s near-six months of gardening leave from his former firm to date.

Zee Entertainment Enterprises Limited (ZEEL) aquired 100% in 9X Media Private Limited (and its subsidiaries) from Rivendell PE LLC / New Silk Route Partners and other shareholders of 9x Media Private Limited. The deal was valued at Rs 160 crore, reported VC Circle and others.