Amit Prakash (left), Vasu Dev start new firm F ormer Dhir & Dhir principal associate Amit Prakash and Vaish Associates principal associate Vasu Dev have started up Imperial Law Offices together in mid-August of this year. Prakash specialises in banking and finance, while Dev specialises in corp...

Mid-range hotel chain Lemon Tree Hotels is acquiring Keys Hotels for Rs 471 crore in a bid to expand its portfolio. In a stock exchange notification, the New Delhi-based company said it would buy out Berggruen Hotels, the parent of Keys Hotels, at an enterprise valuation of Rs 605 crore ($87.6 milli...

The resolution plan submitted by Dhanuka Laboratories Limited, a group company of Dhanuka Agritech Limited, to acquire Orchid Pharma Limited has been approved by NCLT, Chennai. Earlier, the resolution plan submitted by Ingen Capital LLC was annuled by NCLT, Chennai and a fresh round of bidding was o...

“Hema Engineering Industries Limited, an automotive parts manufacturing company, has successfully acquired two automotive manufacturing units of Omax Autos Limited, located at Haryana, on asset purchase basis, for an aggregate consideration of INR 130 crores. Hema, as a series of expanding its busin...

Consumer durables firm Bajaj Electricals has entered into an agreement to acquire the entire stake in non-stick cookware company Nirlep Appliances for ₹42.50 crore in cash. Subsequent to the acquisition, Nirlep will become a wholly-owned subsidiary of Bajaj Electricals. — Hindu Business Line J Sagar...

GMR Infrastructure said a consortium comprising the Tata Group, an affiliate of Singapore sovereign wealth fund GIC and Hong Kong-based SSG Capital Management would invest Rs 8,000 crore ($1.16 billion) in its airports unit. GMR will use the entire fund to bring down its debt to Rs 12,000 crore from...

Amber Enterprises India Ltd… has approved the proposal to enter into the definitive agreements for acquiring eighty percent (80%) stake upfront in the equity share capital of Sidwal Refrigeration Industries Private Limited (’Sidwal’), which will include in it, the business of Sidwal Technologies.Thi...

“NSEIT, a wholly-owned subsidiary of National Stock Exchange of India (NSE) has acquired Aujas Networks, a cybersecurity firm whose customers include Japanese financial services group Mitsubishi UFJ and a domestic national identity programme. Financial terms of the private transaction were not discl...

“The country’s leading packaged consumer goods major, Patanjali Ayurved, won the approval to take over edible oil firm Ruchi Soya on Tuesday. The committee of creditors (CoC) of the debt-laden firm voted in favour of Patanjali Ayurved’s Rs 4,350-crore bid,” reported Business Standard about the insol...

Vaish Associates has joined international tax law firm network Andersen Global which has collaborations with legally independent law firms in 103 locations worldwide, it announced on its website yesterday.

UltraTech Cement, an Aditya Birla Group company and subsidiary of Grasim Industries, has announced the acquisition of the cement business unit of BK Birla-owned Century Textiles and Industries consisting of three integrated cement plants in Madhya Pradesh, Chhattisgarh and Maharashtra and one grindi...

Vaish Associates has promoted 10 to principal associate and 5 to senior associate effective 1 April 2018 (see full list below).

Former Vaish Associates indirect tax head Shilpa Sharma, who had left the firm in April, has joined the Inox Group as legal advisor.

FMCG major Hindustan Unilever Limited (HUL) has entered into a share purchase agreement with Kimberly-Clark Corporation, U.S.A. (KCC) for the divestment of its entire 50% shareholding in their joint-venture with Kimberly-Clark Lever Private Limited, through which it sold baby and feminine care brand...

“Paint manufacturer Berger Paints India Ltd has completed the acquisition of specialty coatings maker Saboo Coatings Pvt. Ltd, it said in a stock-exchange filing on Tuesday. It acquired Saboo Coatings’ shares for Rs 81.77 crore”, reported VCCircle.

Vaish Associates has promoted 2 partners, 6 associate partners, 3 principal associates and 5 senior associates in its Delhi and Mumbai offices.

According to several sources, S&R Associates partner Rajat Sethi and UK firm Slaughter and May partner Susannah Macknay have been advising Vodafone on its long-awaited Rs 80,000 crore ($12.2bn) merger with Idea, which was formally announced today.

Cyril Amarchand Mangaldas has acted on $40.4bn worth of mergers and acquisition in the 2016 calendar year, according to researcher mergermarket, with AZB & Partners having recorded $30.1bn of M&A deals in the same period.

“The Competition Appellate Tribunal (Compat) on Thursday set aside an order of fair trade regulator Competition Commission of India (CCI) in a case of alleged abuse of dominant position and anti-competitive practices by the International Air Transport Association (IATA) and its Indian arm. Dismissing the CCI findings, Compat ordered a fresh probe in the matter,” reported Mint.

Khaitan & Co topped the list of 13 domestic law firms’ M&A mandates by value of deals done with $18.7bn worth of transactions, followed by AZB & Partners which topped the list of deals by value, with 43 transactions worth $15.4bn.