Vaish Associates has advised on IFCI Venture Capital Funds’ Rs 30 crore ($6.75m) private equity investment in Delhi-based consumer durable goods company Amber Enterprises.

The Competition Commission of India (CCI) has reportedly fixed the penalty to be imposed on the National Stock Exchange (NSE) a month after having found the bourse guilty of abuse of dominant position in a dispute with MCX-SX.

Exclusive: P&A Associates and client MCX-SX won an order from the Competition Commission of India (CCI) finding that the National Stock Exchange (NSE), which was represented by Amarchand Mangaldas and Vaish Associates, had abused its dominant position.

The case will head to the CCI on 2 June to allow NSE to respond on the question of penalty, but the decision significantly reduced the director general’s (DG) earlier definition of the “relevant market” in a partial victory for NSE, according to a CCI draft order that Legally India has seen.

AZB & Partners, J Sagar Associates (JSA) and Vaish Associates have advised on the private equity funding raised by ETech Aces Marketing & Consulting from Intel Capital and existing investor Info Edge. Vaish Associates’ Gurgaon office head and partner Hitender Mehta along with senior associ...

The Bangalore offices of Vaish Associates Advocates and Trilegal have advised on $10m private equity (PE) investment of Sequoia Capital and IDG Ventures in Bangalore-based third-party mobile applications developer Sourcebits.

The Mumbai offices of Vaish Associates and Trilegal have advised on a pre-IPO sale of a stake in India’s largest diagnostics player Super Religare Laboratories to Sabre Partners for Rs 50 crore ($11m). Vaish Associates corporate and infrastructure partner Martand Singh along with senior associate Ya...

K Law and Vaish Associates have advised on the Rs 100 crore ($22.5m) pre-IPO private equity investment by Avigo into Super Religare Laboratories.

Vaish Associates Advocates and Dua Associates’ Amarchand Mangaldas partner lateral hire have advised on German tyre manufacturer Continental AG’s full buy-out of Indian Modi Tyres.

Exclusive: Vaish Associates Advocates has promoted principal associate and chartered accountant Rohit Jain to partnership in Delhi’s direct tax practice one year after his law graduation.

Vaish Associates Advocates and Desai & Diwanji have advised on the complete buy-out of Premier Tissues (India) Limited by Avantha Group’s Ballarpur Industries for Rs 42 crore ($9.3m).

Vaish Associates Advocates has advised wind turbine manufacturer Enercon for the supply of wind turbines and associated facilities worth $198m to CLP India for the development of two greenfield energy projects in Andhra Pradesh and Rajasthan.

Exclusive: The office head of Vaish Associates’ one-year-old Bangalore office K R Vasudevan has quit for a multinational company following internal politics and the office’s strategic shift from tax to corporate work, with a Mumbai associate now taking charge of the branch.

Vaish Associates has advised Pune-based Infospectrum on the sale of its outsourced product development (OPD) business to Persistent Systems, advised in-house by its company secretary and legal head.

Vaish Associates (VA) has promoted nine associates to salaried partnership levels in its Delhi, Mumbai and Gurgaon offices as part of a comprehensive restructuring programme that includes introduction of hierarchy based designations.

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.

Vaish Associates has advised longstanding clients Religare in the acquisition of healthcare solutions business of Bangalore-based Sobha Renaissance Information Technology (SRIT) for an undisclosed amount.

Vaish Associates has started a Mumbai indirect tax practice in its new Parel office with the hire of Paras Kuhad Associates partner Shilpa Sharma.

Vaish Associates has opened up a Bangalore office, hiring an ex-Indian Revenue Service (IRS) officer and lawyer to help it grow to 24 lawyers within a year in the city.

Bangalore private equity (PE) boutique Lexygen and the Mumbai and Gurgaon offices of Vaish Associates have acted in the Rs 22.5 crore ($4.5m) investment by Zephyr Peacock India Fund in a telecom service company called Metro Wireless Engineering India (Metro Telworks).

Vaish Associates has recruited two indirect tax law practitioners from Lakshmi Kumaran & Sridharan in a bid to expand its indirect tax law practice.