Amarchand & Mangaldas law firm news

Amarchand & Mangaldas, Khaitan & Co and Jones Day have advised in a US$100m private placement of equity shares in a qualified institutional placement offering by Mahindra & Mahindra Financial Services, one of India’s leading non-banking finance companies.

Lex Mundi has welcomed five new members to its Client Advisory Council, bringing the current total to 12.

“The Piramal Healthcare buyback is the largest buyback in the history of corporate India,” Amarchand & Mangaldas managing partner and lead partner of the deal Cyril Shroff said.The transaction will see a 20% buyback of equity shares listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

Ashurst, Amarchand, Luthra & Luthra and DLA Piper have acted on the US$3.4bn IPO of Coal India, India’s largest IPO to date.

Indian firm Crawford Bayley & Co has been successful in its tender to provide legal services on the follow-on public offering (FPO) of steel maker SAIL.

Norton Rose dispute resolution partner Guy Spooner has been appointed to the Singapore International Arbitration Centre (SIAC) board of directors, effective 1 October 2010.

Shearman & Sterling represented Fortune 500 Indian metals powerhouse – the Aditya Birla Group –in the restructuring of its cement business (ranked the ninth largest in the world).

O’Melveny & Myers has appointed Pooja Sinha as a counsel in its Singapore office.

A rising trend of consolidation amongst Asian companies have led to a paradigmatic shift in cross-border M&A deal flows as well as increasing the demand for intra-Asian legal advice served.

India’s AZB & Partners, Singapore’s WongPartnership and Korea’s Kim & Chang have benefited from a resurgence in Asian (ex Japan and Australasia) M&A in the first half of this year by claiming the top three spots on legal advisory leader boards, according to data released by mergermarket.

Six Indian law firms are engaged in an intense battle to secure the lead advisory role on the Indian government's divestment of its shares in consultancy firm Engineers India.

Clifford Chance senior associate Sudipta Routh has quit the firm to take up partnership with Indian firm Luthra & Luthra in Mumbai and head up its private equity and M&A practice.

Citi India has appointed former GE Capital (India) general counsel, Sandip Beri, as its new country head of legal.

Garrigues has become the first major Spanish law firm to outline its desire to capture its share of the Indian market after entering into a non-exclusive cooperation agreement with Indian law firm Dua Associates.

A plan by the Indian government to sell off stakes in state-owned companies has been good news for both international and local firms over the last year

Former academic and public officer PK Agrawal joins Indian firm Khaitan & Co as partner in charge of real-estate

Indian firms Amarchand & Mangaldas and Luthra & Luthra have helped the Indian government sell off its US$1.8bn equity stake in the country’s largest energy company, NPTC.

A panel of legal industry pundits predict Tiger-Year trends and provide a guide to the opportunities and challenges that lie ahead

The Indian capital markets continue to heat up and Hindalco Industries, the fifth largest aluminium producer in Asia in terms of volume, is the latest company to take advantage of a surge of interest in Indian equity to fund the development of its aluminium production facilities and access to mineral reserves.

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