“Canadian pension fund, Caisse de dépôt et placement du Québec has agreed to acquire a 40% stake in power producer CLP India Pvt. Ltd for Rs 2,640 crore ($365m) in cash”, reported VC Circle . Post the acquisition by CDPQ from the subsidiary CLP GPEC (Mauritius) Holdings, CLP will retain 60% stake in...

Platinum Partners Mumbai partner Gautam Bhat with associate Abhik Ghosh and associate Ushma Marwah, and Sidley Austin led by partner Manoj Bhargava, of counsel Vivek Baid, and associate Rishabh Gupta, advised Essar on the sale of its BPO subsidiary Aegis to Capital Square partners.

Freshfields Bruckhaus Deringer has topped the mergermarket value league table of international law firms that advised on M&A deals in the record 2016 calendar year.

“Direct-to-home television operator Dish TV will merge with Videocon d2h, creating India’s largest media company by sales. Dish TV is the market leader in the DTH space while Videocon is the third largest by subscribers. Their combined sales in FY16 were Rs 5,920 crore, more than Zee Entertainment, which had sales of Rs 5,850 crore. Both Zee and Dish are part of Subhash Chandra’s Essel Group.

CX Partners (a PE firm focused on the Indian mid-market) and Capital Square Partners sold for $420m its stake in Minacs to Concentrix Global Holdings Inc., a subsidiary of Synnex Corporation, as reported by the Economic Times as one of the largest in the business process outsourcing (BPO) sector, and Concentrix’ second largest deal.

Shearman & Sterling, DLA Piper, White & Case and Allen & Overy had the largest number of recorded Indian M&A deals in the first six months of 2016, according to data intelligence provider mergermarket, each with five or four transactions.

Cyril Amarchand Mangaldas and Allen & Overy (A&O), and tax firm Dhruva Advisors, advised former GE Capital executives Pramod Bhasin and Anil Chawla’s fund Plutus Financials and Aion Capital Partners on buying GE Capital Services India and GE Money Financial Services. The GE firms were advi...

Trilegal and Shearman & Sterling advised French firm Engie on the sale of its entire 89.11 per cent stake in Meenakshi Energy to India Power Corporation which was advised by Khaitan & Co. Trilegal Delhi partners Yogesh Singh and Neeraj Menon, counsel Ravi Mahton and senior associates Amar ...

IndusLaw, Shearman & Sterling and Neupane Law Associates advised the Dutch development financing institution, FMO and a consortium of lenders on the $142.5m financing of the proposed 82 MW Nepalese Lower Solu hydropower project. The Nepalese company Essel-Clean Solu Hydropower and the Indian co...

Amarchand Mangaldas maintained its top spot in intelligence provider mergermarket’s M&A league rankings this quarter.

Sun Pharma bought debt-ridden pharmaceutical giant Ranbaxy for $4bn from Daiichi Sankyo.

Luthra & Luthra and Shearman & Sterling advised Capital Square Partners, CX Partners and a group of investors led by them, in buying Canada-based business process outsourcer Aditya Birla Minacs Worldwide. Aditya Birla Minacs was advised in house. Its parent Aditya Birla Nuvo will divest Ad...

Shearman & Sterling has promoted Hong Kong-based M&A counsel and India co-head Sidharth Bhasin to its partnership.

AZB & Partners and international law firm Shearman & Sterling advised a Canadian financial holdings company’s investment subsidiary Fairbridge Capital in its purchase of 76.81 per cent equity for Rs 817 crore ($150m) in British holiday maker Thomas Cook Group’s (TCG) Indian subsidiary Thomas Cook India (TCIL). TCG was advised by Trilegal with international best friend law firm Allen & Overy.

Shearman & Sterling, DLA Piper, Freshfields Bruckhaus Deringer, Salans, Linklaters and Clifford Chance have advised on Tata Steel’s sale of Teesside Cast Products’s (TCP’s) assets to Thailand’s largest steel producer Sahaviriya Steel for $469m.

Amarchand Mangaldas Mumbai is acting for Oberoi Realty while AZB & Partners Mumbai and Shearman & Sterling Singapore are acting for the underwriters in the Rs 1,500 crore ($325m) initial public offering (IPO) of the Mumbai real estate company, according to the draft prospectus filed with t...

For the first time this year, Desai & Diwanji and Khaitan & Co are leading the third quarter Indian M&A rankings both by value and volume of deals, pushing Amarchand Mangaldas two places down mergermarket’s value league table compared to three months ago.

Luthra & Luthra and S&R Associates acted as Indian counsel in Indian mining company Sterlite Industries’ $1.5bn (Rs 7,200 crore) equity fundraising, with Latham & Watkins and Shearman & Sterling handling the international advice.

Despite meagre pickings, Desai & Diwanji, Khaitan & Co, AZB & Partners and Amarchand Mangaldas have topped an M&A league table, together advising on 30 Indian deals worth a total of $9.4bn in the last six months.

Amarchand and US firm Shearman & Sterling jointly advised the Californian venture capital fund Norwest Venture Partners in buying Rs250 crore ($51m) in the National Stock Exchange of India (NSE) under new foreign investment rules.