Nisha K Uberoi takes UltraTech to AZB with CCI approval of 16,189 crore UltraTech-Jaiprakash deal

August 8, 2016, 11:19 pm

≫ Next: AZB, Cyril Amarchand on Tata Group’s sale of Urea biz to Yara Fertilizers for 2,760 crore

≪ Previous: [Breaking]: AZB, SAM, CAM on biggest pvt insurance sector consolidation; MaxLife to merge with HDFC Standard Life (Updated)

$

0

0

Barely week’s after her official start at AZB & Partners, Competition co-head Nisha Kaur Uberoi has managed to get the mandate of Aditya Birla’s Ultratech to the firm. Uberoi headed a team which has got phase 1 merger clearance from the Competition Commission of India over UltraTech Cement’s acquisition of Jaiprakash Associates’ cement plants. The acquisition has an enterprise value of Rs. 16,189 crore ($2.4 billion). The AZB team was led by Partner Nisha Kaur Uberoi along with Senior Associate Soumya Hariharan, and Associate Atreyee Sarkar. The CCI filing was made in April this year when Uberoi was part of […]

The post Nisha K Uberoi takes UltraTech to AZB with CCI approval of 16,189 crore UltraTech-Jaiprakash deal
appeared first on Bar & Bench.

---

AZB, Cyril Amarchand on Tata Group’s sale of Urea biz to Yara Fertilizers for 2,760 crore

August 11, 2016, 12:50 am

≫ Next: AZB, ELP act on Warburg investment of $125 million in Stellar Value Chain

≪ Previous: Nisha K Uberoi takes UltraTech to AZB with CCI approval of 16,189 crore UltraTech-Jaiprakash deal

$

0

0

Tata Group has sold its Urea business, part of Tata Chemicals to Pune-based Yara Fertilizers India for Rs 2,670 crore ($400 million). AZB & Partners acted for Tata Group with a team led by Partners Darshika Kothari, Rishi Gautam and Anand Shah along with Senior Associate Shriram Shah. Cyril Amarchand Mangaldas advised Yara Fertilizers with a team led by Mumbai-based corporate partners Tushar Mavani and Smruti Shah. Mumbai based dispute resolution partner Sharad Mathkar and competition law partner Bharat Budholia advised on litigation and competition law aspects, respectively. Tax partners S.R. Patnaik and Mekhala Anand advised on taxation matters whereas corporate and real estate […]

The post AZB, Cyril Amarchand on Tata Group’s sale of Urea biz to Yara Fertilizers for 2,760 crore
appeared first on Bar & Bench.

AZB, ELP act on Warburg investment of $125 million in Stellar Value Chain

August 12, 2016, 2:10 am

≫ Next: Trilegal, AZB on M3 acquisition of majority stake in Health Impetus

≪ Previous: AZB, Cyril Amarchand on Tata Group’s sale of Urea biz to Yara Fertilizers for 2,760 crore

$

0

0

Warburg Pincus has invested $125 million in Indian logistics company Stellar Value Chain Solutions. AZB & Partners acted for Warburg through a team led by Partners Anil Kasturi and Aparna Mittal and including Senior Associates Anisha Shridhar and Kanchan Puri. Economic Laws Practice acted for Stellar and the team included Partners Sujjain Talwar, Darshan Upadhyay, Aakanksha Joshi and Associate Megha Agarwal. According to ET, Stellar Value Chain is founded and led by Anshuman Singh, who previously set up and led Future Supply Chain Solutions for Kishore Biyani’s Future Group.

The post AZB, ELP act on Warburg investment of $125 million in Stellar Value Chain
appeared first on Bar & Bench.

Trilegal, AZB on M3 acquisition of majority stake in Health Impetus

August 14, 2016, 2:44 am

≫ Next: AZB, Platinum, Latham & Watkins, Sidley Austin act on Hike’s $175 million fundraise from Tencent, Foxconn

≪ Previous: AZB, ELP act on Warburg investment of $125 million in Stellar Value Chain

$

0

0

M3, Inc has acquired a majority stake in Health Impetus Private Limited  by purchasing shares from its existing shareholder – Health Care at Home India Private Limited. Trilegal advised M3 through a team led by Partner Ashwyn Misra and including Counsel Shamin Shah and Associate Jeet Chaudhuri. AZB & Partners represented Health Impetus and the team included Partners Gautam Saha and Heena Singh along with Associate Vinit Nalavadi. M3 operates m3.com, a web portal for medical professionals that delivers healthcare related information to 250 thousand physician members in Japan. It also provides services such as marketing and R&D support, mainly for its […]

The post Trilegal, AZB on M3 acquisition of majority stake in Health Impetus
appeared first on Bar & Bench.

AZB, Platinum, Latham & Watkins, Sidley Austin act on Hike’s $175 million fundraise from Tencent, Foxconn

August 17, 2016, 1:31 am

≫ Next: BMR, AZB, Goodwin Procter lead on TA Associates $140 million investment in ‘W’ brand stores

≪ Previous: Trilegal, AZB on M3 acquisition of majority stake in Health Impetus

$

0

0

Indian messenger app Hike has raised $175 million from Chinese Internet giant Tencent Holdings Ltd and Foxconn Technology Group of Taiwan. AZB & Partners acted for Hike through a team headed by Partner Rachit Bahl and including Senior Associates Rohan Bagai, Tanvi Sinha and Varun Lamba, as well as Associates Atima Mukherjee, Shagun Badhwar and Shobhika Upadhyay. Latham & Watkins acted as counsel for Tencent, through Associate Julia Dai. Sidley Austin LLP represented Foxconn through Foreign Legal Consultant Vivek R Baid. Platinum Partners acted as the Indian legal counsel for both Tencent Holdings and Foxconn Technology Group. The Platinum team […]

The post AZB, Platinum, Latham & Watkins, Sidley Austin act on Hike’s $175 million fundraise from Tencent, Foxconn
appeared first on Bar & Bench.

BMR, AZB, Goodwin Procter lead on TA Associates $140 million investment in ‘W’ brand stores

August 19, 2016, 1:52 am

≫ Next: BMR, AZB, Khaitan advise on 100 crore NephroPlus fund raise

≪ Previous: AZB, Platinum, Latham & Watkins, Sidley Austin act on Hike’s $175 million fundraise from Tencent, Foxconn

$

0

0

US-based private equity firm TA Associates has invested about $140 million to pick up a stake in Indian women’s ethnic wear firm TCNS Clothing, which runs the ‘W’ brand stores. Venture capital and growth equity investor Matrix Partners has also taken out its five-year-old investment in this transaction. BMR Legal acted for the Promoters, Company and Management Shareholders. The team was led by Partner Amit Khansaheb, along with Principal Rishi Jain, Managing Associate Tejas Patel, Senior Associate Karn Gupta and Associate Mayank Malhotra. AZB & Partners acted as domestic counsel for TA Associates, while Goodwin Procter acted as international counsel. […]

The post BMR, AZB, Goodwin Procter lead on TA Associates $140 million investment in ‘W’ brand stores
appeared first on Bar & Bench.

BMR, AZB, Khaitan advise on 100 crore NephroPlus fund raise

August 28, 2016, 10:12 pm

≫ Next: BMR, Desai Diwanji, AZB, CDH on Net 1’s 268 crore investment in MobiKwik

≪ Previous: BMR, AZB, Goodwin Procter lead on TA Associates $140 million investment in ‘W’ brand stores

$

0

0

Dialysis provider NephroPlus has raised 100 crore from SeaLink Capital Partners and existing investor International Finance Corporation in a round of Series C funding. BMR Legal acted for the promotors of NephroPlus, through a team led by Partner Amit Khansaheb, along with Principal Nikhil Sachdeva, Senior Associate Rahul Chugh and Associate Mayank Malhotra. AZB & Partners in Mumbai advised SeaLink, through Partner Ashwin Ramanathan, Senior Associate Meghal Mehta and Associate Gaurav Rohra. The Delhi office of AZB acted for IFC, through Partner Gautam Saha and Senior Associate Dushyant Bagga. According to Business Standard, NephroPlus had earlier received funding of 60 […]

The post BMR, AZB, Khaitan advise on 100 crore NephroPlus fund raise
appeared first on Bar & Bench.

BMR, Desai Diwanji, AZB, CDH on Net 1’s 268 crore investment in MobiKwik

August 29, 2016, 10:51 pm

≫ Next: Shardul Amarchand, AZB lead on Piramal Fund 2,320 crore investment in Lodha’s World Towers

≪ Previous: BMR, AZB, Khaitan advise on 100 crore NephroPlus fund raise

$

0

0

South African tech company Net1 has invested close to 268 crore in Indian digital payment company MobiKwik. BMR Legal represented MobiKwik and its promoters through a team led by Partner Amit Khansaheb, and including Principal Rishi Jain, Managing Associate Ankita Kumar and Associate Manav Chadha. Desai Diwanji was Indian counsel for Net1 through Partner Jai Diwanji and Associate Rahul Deodhar. Cliffe Dekker Hofmeyr (CDH) was the South African counsel for Net1; the team was led by Director Roelof Bonnet. AZB & Partners acted for the existing investors,Tree Line Asia and Cisco, through a team led by Partner Gautam Saha. According to Business […]

The post BMR, Desai Diwanji, AZB, CDH on Net 1’s 268 crore investment in MobiKwik
appeared first on Bar & Bench.

---

Shardul Amarchand, AZB lead on Piramal Fund 2,320 crore investment in Lodha’s World Towers

September 2, 2016, 2:15 am

≫ Next: Ashwath Rau on being one of ET’s Hottest Business Leaders under 40

≪ Previous: BMR, Desai Diwanji, AZB, CDH on Net 1’s 268 crore investment in MobiKwik

$

0

0

Piramal Fund Management is investing 2,320 crore in Lodha Developers’ signature World Towers project in central Mumbai. The investment could be the single largest debt-financing deal in Indian real estate, reported Mint. Shardul Amarchand Mangaldas advised Piramal Fund Management with a team led by Partners Radhika Pereira and Sapan Gupta. AZB & Partners acted for Lodha Group with a team led by Partner Sai Krishna Bharathan and Senior Associate Sugandha Asthana. A part of this money will be used to repay debt and the remaining will be used to complete construction of the project. Another portion of the funds will be […]

The post Shardul Amarchand, AZB lead on Piramal Fund 2,320 crore investment in Lodha’s World Towers
appeared first on Bar & Bench.

Ashwath Rau on being one of ET’s Hottest Business Leaders under 40

September 30, 2016, 3:42 am

≫ Next: AZB makes two Partners: SLS grads, Harsh Maggon and Sugandha Asthana

≪ Previous: Shardul Amarchand, AZB lead on Piramal Fund 2,320 crore investment in Lodha’s World Towers

$

0

0

Ashwath Rau has made it to the Economic Times Hottest Business Leaders Under 40 list. He is pleased to receive the award and says, “It feels good to be recognized.” A law graduate from the National Law School of India University, Bangalore, Ashwath started his career at Amarchand Mangaldas in 1999. In 2006, he was made a partner at the firm. For Rau, who has been involved in some of the biggest transactions in the country, making partner was simply a matter of time. Recently, he left Cyril Amarchand Mangaldas to join AZB & Partners. It was a decision he made after […]

The post Ashwath Rau on being one of ET’s Hottest Business Leaders under 40
appeared first on Bar & Bench.

AZB makes two Partners: SLS grads, Harsh Maggon and Sugandha Asthana

September 30, 2016, 6:56 am

≫ Next: Tata taken to US court by NTT Docomo for recovery of $1.17 billion [Read Tata’ statement]

≪ Previous: Ashwath Rau on being one of ET’s Hottest Business Leaders under 40

$

0

0

AZB & Partners has today promoted Harsh Maggon and Sugandha Asthana to partnership in Mumbai. The promotion is effective from October 1, 2016. Both Harsh and Sugandha are graduates of Symbiosis Law School. Harsh joined AZB from Cyril Amarchand Mangaldas this year. He spent about four years at Cyril Amarchand Mangaldas, and has also worked at Economic Laws Practice, and DSK Legal. Sugandha joined AZB & Partner in 2014 after six years at J. Sagar Associates. Prior to JSA, she worked at ICICI Bank. The firm’s Delhi office recently made five partners – Aditya Singh Chandel, Agnik Bhattacharyya, Anindita Roy Chowdhury, Heena Singh and Roopali Singh. 

The post AZB makes two Partners: SLS grads, Harsh Maggon and Sugandha Asthana
appeared first on Bar & Bench.

Tata taken to US court by NTT Docomo for recovery of $1.17 billion [Read Tata’ statement]

October 8, 2016, 4:14 am

≫ Next: AZB hires Cyril Amarchand’s Jasmin Karkhanis as Counsel

≪ Previous: AZB makes two Partners: SLS grads, Harsh Maggon and Sugandha Asthana

$

0

0

After approaching the Delhi High Court against its former partner, Japanese telco NTT Docomo has now taken Tata Teleservices Limited (TTL) to the Southern District Court in New York, for the recovery of $1.17 billion, reports VCCircle. The dispute dates back to 2009, when Docomo bought a 26.5% stake in TTL, giving birth to the GSM service Tata Docomo. At that point of time, the parties agreed that Docomo could sell its shares if TTL failed to achieve its performance target for 2014. NTT exercised the option in July that year to sell the stake to either a third party […]

The post Tata taken to US court by NTT Docomo for recovery of $1.17 billion [Read Tata’ statement]
appeared first on Bar & Bench.

AZB hires Cyril Amarchand’s Jasmin Karkhanis as Counsel

October 10, 2016, 7:43 am

≫ Next: AZB hires PDS Legal’s Deepak Chopra as Head of Tax Litigation

≪ Previous: Tata taken to US court by NTT Docomo for recovery of $1.17 billion [Read Tata’ statement]

$

0

0

AZB & Partners continues its hiring spree from Cyril Amarchand Mangaldas. The latest one to join AZB is Senior Consultant Jasmin Karkhanis who has joined AZB as a Counsel. Jasmin was part of Shishir Vyattaden’s team at Cyril Amarchand and will now be part of Ashwath Rau’s team at AZB. A graduate of University of Mumbai, she started her career at AZB & Partners in 2005, where she remained till 2014 before moving to Cyril Amarchand. We have reached out to Zia Mody for comment.

The post AZB hires Cyril Amarchand’s Jasmin Karkhanis as Counsel
appeared first on Bar & Bench.

AZB hires PDS Legal’s Deepak Chopra as Head of Tax Litigation

October 12, 2016, 9:31 am

≫ Next: AZB, JSA, Shearman, Ashurst & Ors act on APG $300 million investment in Indian retail realty space

≪ Previous: AZB hires Cyril Amarchand’s Jasmin Karkhanis as Counsel

$

0

0

AZB & Partners has hired PDS Legal Partner Deepak Chopra as a Partner in its Delhi office. Deepak would be heading the firm’s Tax Litigation Practice. Prior to joining PDS Legal, he was a Senior Standing Counsel for the Income-tax Department in the High Court of Delhi. In a statement released by the firm, Ajay Bahl, Zia Mody and Bahram Vakil commented, “His addition will provide our Tax Team the ability to provide full pro-active support for tax litigation in tax fora all over the country and add additional depth, experience and expertise to our existing advisory, transactional and litigation support practice.” The […]

The post AZB hires PDS Legal’s Deepak Chopra as Head of Tax Litigation
appeared first on Bar & Bench.

AZB, JSA, Shearman, Ashurst & Ors act on APG $300 million investment in Indian retail realty space

November 8, 2016, 5:29 am

≫ Next: DMD, AZB on S Chand acquisition of majority stake in Chhaya Prakashani

≪ Previous: AZB hires PDS Legal’s Deepak Chopra as Head of Tax Litigation

$

0

0

In the largest single deal in the retail real estate sector in India, Dutch pension fund manager APG Asset Management has bought a majority stake in three malls of the Xander Group-owned Virtuous Retail. APG and Xander have invested 77% and 23% in the joint venture, respectively and the deal is valued at $300 million (nearly Rs 2,000 crore), reported ET. AZB & Partners, Shearman & Sterling and Allen & Gledhill advised The Xander Group. J. Sagar Associates, Ashurst and Shook Lin & Bok acted for APG Asset Management. The AZB team was led by Partner Hardeep Sachdeva along with Senior Associate […]

The post AZB, JSA, Shearman, Ashurst & Ors act on APG $300 million investment in Indian retail realty space
appeared first on Bar & Bench.

---

DMD, AZB on S Chand acquisition of majority stake in Chhaya Prakashani

December 8, 2016, 11:13 pm

≫ Next: SAM, Khaitan, AZB on KKR, Temasek acquisition of 3.9% stake in SBI Life for 1,800 crore

≪ Previous: AZB, JSA, Shearman, Ashurst & Ors act on APG $300 million investment in Indian retail realty space

$

0

0

Publishing house S Chand and Company Limited, together with one of its subsidiaries, has acquired a majority stake in Chhaya Prakashani Private Limited. Deal S Chand acquires majority stake in Chhaya Prakashani Value NA Deal Type M&A Sector Education Law firms AZB & Partners – S Chand; DMD Advocates – Chhaya Prakashani Partners/ Heads AZB & Partners – Sachin Mehta; DMD Advocates – Rashi Dhir S Chand was represented by AZB & Partners through a team led by Partner Sachin Mehta, along with Senior Associate Swati Chauhan. DMD Advocates acted for Chhaya Prakashani, with a team led by Senior Partner Rashi Dhir and Senior […]

The post DMD, AZB on S Chand acquisition of majority stake in Chhaya Prakashani
appeared first on Bar & Bench.

SAM, Khaitan, AZB on KKR, Temasek acquisition of 3.9% stake in SBI Life for 1,800 crore

December 12, 2016, 3:03 am

≫ Next: AZB, Khaitan, CAM, Veritas on Everstone’s purchase of 70% stake in Rubicon for 220 crore

≪ Previous: DMD, AZB on S Chand acquisition of majority stake in Chhaya Prakashani

$

0

0

KKR and Temasek Holdings is buying a 3.9% stake in SBI Life Insurance for Rs. 1,800 crore, reports ET. Deal KKR & Co, Temasek acquire 3.9% stake in SBI Life Insurance Value  1800 crore Deal Type M&A Sector Insurance Law Firms Shardul Amarchand Mangaldas – SBI Life; Khaitan & Co. – Temasek; AZB & Partners – KKR Partners/Heads Shardul Amarchand Mangaldas – Sapan Gupta and Roopal Kulshresta; Khaitan & Co. – Aakash Choubey; AZB & Partners – Darshika Kothari (Partner) Shardul Amarchand Mangaldas acted for SBI Life through a team led by Partners Sapan Gupta and Roopal Kulshresta. Khaitan & Co. represented Temasek through a team led by Partner Aakash Choubey […]

The post SAM, Khaitan, AZB on KKR, Temasek acquisition of 3.9% stake in SBI Life for 1,800 crore
appeared first on Bar & Bench.

AZB, Khaitan, CAM, Veritas on Everstone’s purchase of 70% stake in Rubicon for 220 crore

January 9, 2017, 1:56 am

≫ Next: IndusLaw, SAM, Khaitan, AZB, NDA +3 Intl firms on Housing-PropTiger merger, new 375 crore fund raise

≪ Previous: SAM, Khaitan, AZB on KKR, Temasek acquisition of 3.9% stake in SBI Life for 1,800 crore

$

0

0

Everstone Capital Asia has acquired a 70% controlling stake in Mumbai-based tech drug firm Rubicon Research for Rs. 220 crore. The deal involved a primary and secondary acquisition of shares of Rubicon. The secondary acquisition involved a purchase of shares by Everstone from two Kotak domestic entities, Kotak Employees Investment Trust (KEIT) and Kotak India Venture Fund I (KIVF) and one offshore entity Kotak India Venture (Offshore) Fund (KIVOF). Deal Everstone acquires 70% stake in Rubicon Value  220 crore Deal Type PE Sector Brownfield Pharma Law Firms AZB & Partners – Rubicon; Khaitan & Co, In-house team – Everstone; Cyril Amarchand Mangaldas – KEIT, KIVF and KIVOF […]

The post AZB, Khaitan, CAM, Veritas on Everstone’s purchase of 70% stake in Rubicon for 220 crore
appeared first on Bar & Bench.

IndusLaw, SAM, Khaitan, AZB, NDA +3 Intl firms on Housing-PropTiger merger, new 375 crore fund raise

January 11, 2017, 12:46 am

≫ Next: Cyril Amarchand hires AZB’s HR Head Kiran Patheja

≪ Previous: AZB, Khaitan, CAM, Veritas on Everstone’s purchase of 70% stake in Rubicon for 220 crore

$

0

0

Real estate website PropTiger has merged with Housing.com to form one of India’s largest digital platforms for property listings. According to ET, the deal also involved a Rs. 375 crore fund raise for the new entity by NewsCorp owned online advertising company REA Group and Softbank, the primary investor in Housing.com. Deal PropTiger merges with Housing.com Value  375 crore (fund raise) Deal Type M&A, PE Sector Real Estate Law Firms IndusLaw – PropTiger; AZB & Partners – Housing, SoftBank (Indian) and Nexus; Khaitan & Co – REA Group; Shardul Amarchand Mangaldas – NewsCorp; Nishith Desai Associates – Nirvana Digital; Rajah & Tann – PropTiger (Singapore); Morrison Foerster – SoftBank […]

The post IndusLaw, SAM, Khaitan, AZB, NDA +3 Intl firms on Housing-PropTiger merger, new 375 crore fund raise
appeared first on Bar & Bench.

Cyril Amarchand hires AZB’s HR Head Kiran Patheja

January 18, 2017, 12:58 am

≫ Next: AZB, Rajani on Fairfax acquisition of 51% stake in Saurashtra Freight for 200 crore

≪ Previous: IndusLaw, SAM, Khaitan, AZB, NDA +3 Intl firms on Housing-PropTiger merger, new 375 crore fund raise

$

0

0

Kiran Patheja has recently joined Cyril Amarchand Mangaldas as Head – Talent Acquisition. Kiran was previously working at AZB & Partners as HR Head. Confirming her joining, Managing Partner Cyril Shroff said, “We are delighted to welcome Kiran to the firm in this role. Her past experience in the legal sector will be most useful.” She has also worked at Khaitan & Co as HR Manager and prior to that she was at BDO India. Last year, Cyril Amarchand Mangaldas HR Director, Jayanarayanan NR had resigned from the firm to join Link Legal India Law Services as the firm’s Chief […]

The post Cyril Amarchand hires AZB’s HR Head Kiran Patheja
appeared first on Bar & Bench.