Desai & Diwanji, AZB advise on $597 mln demerger

BY Aparna Sai |

Desai & Diwanji has advised India conglomerate Shapoorji Pallonji on the 44 billion rupees ($597 million) sale of controlling stake in its subsidiary Eureka Forbes, worth to U.S. private equity firm Advent International. AZB & Partners represented Lunolux.

Delhi: Phoenix Legal boosts banking and finance practice with HSA hire

BY Aparna Sai |

India’s Phoenix Legal has hired Harsh Arora as a partner in Delhi from HSA Advocates.

Mumbai: IndusLaw adds corporate partner from CAM

BY Aparna Sai |

India’s IndusLaw has grown its corporate practice with the hire of Ravi Kumar as a partner in Mumbai from Cyril Amarchand Mangaldas (CAM).

Mumbai: L&L adds another former lawyer as partner

BY Aparna Sai |

India’s L&L Partners has welcomed back Sudipta Routh as a partner in Mumbai from rival IndusLaw. He moves to L&L along with three other lawyers.

Law firms bid to work on India's LIC IPO as government sweetens terms

BY Reuters |

​​​​​​​Four law firms, including two of India's biggest, have bid to advise the state-run Life Insurance Corporation (LIC) on its mega stock offering, after New Delhi made the fee payment structure more attractive.

India: JSA, Goodwin, Khaitan, Trilegal act on $450 mln funding round of car platform

BY Aparna Sai |

J Sagar Associates (JSA) has advised Indian used-vehicle platform Cars24 on its $450 million Series F funding round, with Goodwin Procter, Khaitan & Co and Trilegal advising various investors.

Mumbai: Phoenix Legal hires head of indirect tax from PwC

BY Aparna Sai |

Indian law firm Phoenix Legal has hired Jatin Arora in Mumbai as the head of the firm’s indirect tax practice from Price Waterhouse & Co, where he was a principal.

Argus Partners boosts corp practice in Delhi with HSA hire

BY Aparna Sai |

India’s Argus Partners has added Rachika Sahay as a partner in the corporate and infrastructure team in Delhi from HSA Advocates.

K Law, SAM, Veritas act on $730 mln India vaccine deal

BY Aparna Sai |

Krishnamurthy & Co (K Law) and Shardul Amarchand Mangaldas have advised biopharmaceutical company Biocon on the $730 million sale of a 15 percent stake in subsidiary Biocon Biologics to Serum Institute of India (SII), which was represented by Veritas Legal.

Mumbai: CAM national funds head moves in-house

BY Aparna Sai |

Shagoofa Rashid Khan, the head of Cyril Amarchand Mangaldas’ (CAM) national funds and investments practice, has left the firm to join the National Investment and Infrastructure Fund (NIIF) in Mumbai as its group general counsel.

India: CAM, S&R, Sidley advise on housing finance firm’s $378 mln IPO

BY Aparna Sai |

Cyril Amarchand Mangaldas (CAM) has advised home loan company Aptus Value Housing Finance India on its 27.8-billion-rupee ($378 million) IPO, with S&R Associates and Sidley Austin counselling the book-running lead managers.

Indian law firms reluctant to advise on IPO of insurance giant LIC -sources

BY Reuters |

India's plans to list state-run Life Insurance Corporation (LIC) face an unusual problem: domestic law firms are shying away from advising the government, deterred by the low fees on offer at the time of a lucrative boom in corporate stock listings.