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

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Fairfax India Holdings Mauritius Investments Ltd  has agreed to purchase a 51% stake in Saurashtra Freight Private Limited for around Rs. 200 crore. AZB & Partners advised Fairfax India on the deal. The team included Partners Ashwin Ramanathan and Rishi Gautam, as well as Senior Associate Medha Marathe. Rajani Associates acted for Saurashtra Freight. According to Business Standard, Saurashtra Infra runs the largest container freight station at Mundra Port in Gujarat. The station provides services such as moving of containers to and from the port, stuffing and de-stuffing of containers, cargo storage and transportation of cargo to the end customer, and […]

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Venture Intelligence 2016: Amarchand firms top PE and M&A league tables, AZB with most deals

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Venture Intelligence has released its league tables for Private Equity and Mergers & Acquisitions deals in 2016. One year after they split, each Amarchand firm has topped a table. Shardul Amarchand Mangaldas topped the PE tables with 47 deals valued at $6.5 billion, while Cyril Amarchand Mangaldas heads the M&A tables with 38 deals valued at around $26 billion. AZB & Partners has topped both tables in terms of deal count, with 58 PE deals and 50 M&A deals in 2016. Private Equity Deal Value AZB’s PE deals are valued at $5.8 billion, putting them in second place, followed by […]

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JSA, AZB on Creation’s 50 crore investment in Muthoot Microfin

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US fund Creation Investments India LLC has invested an initial Rs. 50 crore in Muthoot Microfin. As part of the transaction, an additional Rs. 50 crore will be invested by March 2018, for a 9% stake in Muthoot Microfin. It will also have an option to invest an additional Rs. 30 crore later. J Sagar Associates acted for Creation through a team led by Partner Lalit Kumar, along with Senior Associates Arnav Joshi and Bharati Joshi and Junior Associate Amandeep Singh Virk. AZB & Partners represented Muthoot Microfin on the deal. Muthoot Microfin, a part of the Muthoot Pappachan Group, operates a diverse microfinance business across nearly […]

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AZB, SAM act on Toppans ₹200 crore acquisition in Max Speciality Films

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Toppan Printing Co. (Toppan) of Japan has acquired a 49% stake in Max Speciality Films Limited (MSF), of which 35.93% has been sold by MSF to Toppan and the remainder 13.07% constitutes issue of fresh shares. Deal Toppan acquires 49% equity in MSF Value ₹200 crore Sector Manufacturing Deal type M&A Law Firms Shardul Amarchand Mangaldas: Toppan, AZB & Partners: Max Ventures and Industries Limited & MSF Partners/Heads AZB & Partners: Anil Kasturi and Nandita Govind; Shardul Amarchand Mangaldas – Rudra Kumar Pandey AZB & Partners advised MVIL and MSF on the transaction through a team lead by Anil Kasturi and Nandita […]

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AZB acts on Jubilant’s issuance of ₹495 crore NCDs

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Jubilant Life Sciences has raised ₹495 crore ($74 million) by issuance of redeemable Non-Convertible Debentures on a private placement basis. Deal Jubilant Life Sciences issues securities on private placements basis Value ₹495 crore ($74 million) Sector Pharmaceutical: Life Sciences Deal Type Capital Markets Law firm AZB & Partners Partners/Heads  Vinati Kastia AZB & Partners acted for Jubilant Life Sciences through a team led by Partner Vinati Kastia along with Senior Associates Ankit Tandon and Dushyant Bagga. The company is engaged in manufacturing and supply of active pharmaceutical ingredient (APIs), solid dosage formulations, radio pharmaceuticals, allergy therapy products and life science ingredients.

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AZB, PDS lead on Havells’ acquisition of consumer biz of Lloyd Electric for 1,600 crore 

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Havells India is acquiring the white goods and electronics business of Lloyd Electrical and Engineering for Rs. 1,600 crore ($230 million). AZB & Partners is advising Havells India with a team led by Partner Hardeep Sachdeva. PDS Legal is acting for Lloyd Electrical and the team is led by Partner Probal Bhaduri. This is the biggest deal in the consumer durable industry. This deal will mark Havells’ foray into the larger consumer appliances industry with a product portfolio straddling air-conditioners, washing machines, televisions and more, reported VCCircle.

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[Exclusive]: CAM strikes back, poaches AZB Corporate Partner Rishi Gautam

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AZB & Partners Corporate Partner Rishi Gautam has resigned from the firm and will be joining Cyril Amarchand Mangaldas, according to authoritative sources. After Zia Mody hired several of Cyril Shroff’s partners last year, this year Cyril Shroff, has poached Gautam to join his corporate team in Mumbai. Update: Confirming Gautam’s resignation, AZB Managing Partner Zia Mody, said, “Rishi will be moving on from AZB. We wish him all the very best going forward.” Cyril Shroff was not available for comment at the time of publishing the story. A graduate of National Law School of India University, Bangalore, Gautam started […]

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Coping with Reliance Jio? AZB leads on Bharti Airtel acquisition of Telenor India

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After the news of the Vodafone-Idea merger talks came out, Bharti Airtel has gone ahead and signed an agreement with Telenor South Asia Investments to acquire Telenor India. All this recent consolidation in the telecom industry is the result of the threat these telecom companies are facing from the aggressive entry of Mukesh Ambani’s Reliance Jio. The cost of Telenor’s acquisition is still under finalisation. However, according to CNBC-TV18, the deal’s value could be pegged roughly at Rs. 6,800-7,000 crore, inclusive of Telenor India’s debt of Rs 1,500 crore. AZB & Partners is the sole counsel for Bharti Airtel and Telenor […]

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AZB, SAM act on Rentokil’s JV with Pest Control India

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Rentokil Initial plc (Rentokil) has announced that it has entered into an agreement to form a joint venture with India’s PCI Pest Control Pvt. Ltd. (PCI) and to acquire a 57% stake in the new joint venture, for an undisclosed sum. Deal  Acquisition of 57% of the shareholding of the PCI by RentoKil Value In excess of $50 million Sector Chemicals and Pesticides – manufacture and services Deal Type M&A Law Firms AZB & Partners – Rentokil; Shardul Amarchand Mangaldas – PCI Heads/Partners  AZB – Rishi Gautam; SAM – Jay Gandhi AZB &Partners advised the Rentokil on this transaction through a team led by Partner Rishi Gautam along […]

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Vodafone-Idea mega Telcom Merger: S&R, Vaish, Bharucha, SAM, AZB, Slaughter

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The board of Idea Cellular has approved the merger of Vodafone India Ltd and its wholly-owned arm Vodafone Mobile Services with the company, creating the largest telecom merger, reported PTI. The merged entity will have a revenue of Rs. 81,592 crore ($12.1 Billion) as per the documents filed before the Stock Exchanges. Deal Idea merges with Vodafone Value Undisclosed Sector Telecom Deal Type M&A Law Firms Vodafone S&R Associates, Shardul Amarchand Mangaldas, Slaughter & May; Idea  Vaish Associates, AZB & Partners, Bharucha & Partners Heads/Partners S&R Associates – Rajat Sethi and Tanya Aggarwal; Shardul Amarchand Mangaldas –  Shweta Shroff Chopra and Harman […]

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[Exclusive]: Cyril Amarchand hires another AZB lawyer Manan Mehta

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Cyril Amarchand Mangaldas has poached another lawyer from AZB & Partners. Earlier the firm had hired Rishi Gautam as Partner, and this time it is Manan Mehta. Mehta would be joining Cyril Amarchand Mangaldas as a Partner, according to sources. Confirming the news about his exit, AZB Managing Partner Zia Mody said, “We wish Manan all the very best.” Cyril Shroff was not available for comment at the time of publishing the story. Manan joined AZB & Partners in 2011, prior to which he was working at Crawford Bayley & Co. Cyril Amarchand yesterday announced its bumper promotions and made […]

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AZB Mumbai makes six Partners

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AZB & Partners has promoted six of its Senior Associates to partnership. The promotions are effective April 1, 2017. Here is the list of partners Arvind Ramesh Divya Mundra Kashish Bhatia Rahul Rai Rinki Ganguli Roxanne Anderson Bhatia is a 2009 graduate of National Law University, Odisha. He started his career at Majmudar & Co, before joining Phoenix Legal in 2011. In 2013, he moved to Cyril Amarchand Mangaldas, where he worked for two years before moving to AZB. Ganguli did her LL.B. from Government Law College, Mumbai. She joined AZB as a Paralegal in 2006 and has been with the firm […]

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AZB, CAM, Khaitan, White & Case on Fairfax’s $385 million investment in GVK Group

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FIH Mauritius Investments Limited (FIHM), a Fairfax group entity, has acquired 33% equity share capital of Bangalore International Airport Limited (BIAL), a GVK group company, and another 5% of the airport from Flughafen Zürich AG. Deal FIHM acquires 38% in Bangalore Airport Value USD 385 million Deal type M&A Sector Civil Aviation- Airport Law Firms FIHM- AZB & Partners ; BIAL-Cyril Amarchand Mangaldas; Flughafen Zürich AG – Khaitan & Co and White & Case Partners/ Heads  AZB – Ashwin Ramanathan FIHM, the acquirer was advised by AZB & Partners through a team led by Partner Ashwin Ramanathan along with Associates Shivanand Nayak and Abhishek Banerji. GVK had said […]

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AZB, Trilegal act on Quadria Capital’s investment in Dabur’s HealthCare at Home

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Dabur family-owned HealthCare at Home Private Limited (HHPL) has raised $40 million worth private equity investment from Asia Pacific-based Quadria Capital. Deal HCAH recieves funding from Quadria Capital Value $40 million/ ₹2.5 billion Deal Type PE Sector Health Care Law Firms HHPL – AZB & Partners; Quadria Capital – Trilegal Heads/ Partners  AZB – Gautam Saha & Amrita Patnaik; Trilegal- Ravindra Bandhakavi HHPL was advised by AZB & Partners through a team comprising of Partners Gautam Saha and Amrita Patnaik along with Senior Associate Roy George. Quadria Capital was advised by Trilegal through a team led by Partner Ravindra Bandhakavi.  

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AZB Mumbai makes six Partners

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AZB & Partners has promoted six of its Senior Associates to partnership. The promotions are effective April 1, 2017. Here is the list of partners Arvind Ramesh Divya Mundra Kashish Bhatia Rahul Rai Rinki Ganguli Roxanne Anderson Bhatia is a 2009 graduate of National Law University, Odisha. He started his career . . . To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival material Access to all Bar & Bench reports Register Already a subscriber ? Login

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AZB, CAM, Khaitan, White & Case on Fairfax’s $385 million investment in GVK Group

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FIH Mauritius Investments Limited (FIHM), a Fairfax group entity, has acquired 33% equity share capital of Bangalore International Airport Limited (BIAL), a GVK group company, and another 5% of the airport from Flughafen Zürich AG. Deal FIHM acquires 38% in Bangalore Airport Value USD 385 million Deal type M&A Sector Civil Aviation- Airport Law Firms FIHM- AZB & Partners ; BIAL-Cyril Amarchand Mangaldas; Flughafen Zürich AG - Khaitan & Co and White . . . To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all […]

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AZB, Trilegal act on Quadria Capital’s investment in Dabur’s HealthCare at Home

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Dabur family-owned HealthCare at Home Private Limited (HHPL) has raised $40 million worth private equity investment from Asia Pacific-based Quadria Capital. Deal HCAH recieves funding from Quadria Capital Value $40 million/ ₹2.5 billion Deal Type PE Sector Health Care Law Firms HHPL - AZB & Partners; Quadria Capital - Trilegal Heads/ Partners  AZB - Gautam Saha & Amrita Patnaik; Trilegal- Ravindra Bandhakavi HHPL was advised by

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AZB promotes Sonali Mathur to partnership in Mumbai

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AZB & Partners has promoted another Senior Associate Sonali Mathur to partnership in Mumbai. The firm had recently announced its annual promotions and had made six partners - Arvind Ramesh, Divya Mundra, Kashish Bhatia, Rahul Rai, Rinki Ganguli and Roxanne Anderson. Sonali is the seventh lawyer to be promoted this year. She is a graduate of Government Law College, Mumbai and . . . To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival material Access to all Bar & Bench reports Register Already […]

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[Breaking]: Tata Group appoints Shuva Mandal as Group General Counsel [Read Tata Release]

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Tata Sons has today announced the appointment of Shuva Mandal as the Group General Counsel. Shuva will join the Group with effect from July 2017. Shuva will succeed Bharat Vasani, who has been with the Tata Group for more than 17 years. Read the Tata Group’s Press Release below: As a prelude to his retirement next year, Mr. Bharat Vasani, the current Group General Counsel of Tata Sons for the last 17 years, has expressed a desire to move into a more strategic and advisory role. Accordingly, Mr. Vasani will continue with the group as Legal Adviser to the Chairman’s office. A graduate of […]

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JSA, AZB act on PepsiCo-Sachin Tendulkar collaboration in Nutrition Space

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PepsiCo India and Sachin Tendulkar have entered into a long term arrangement to expand PepsiCo’s health and nutrition space. J. Sagar Associates advised PepsiCo with a team led by Partners – Nitesh Bhasin and Kartik Jain; and Associate – Ayushi Pandey. AZB & Partners advised Sachin Tendulkar on this arrangement and the team was led by Partner Roxanne Anderson. The first product under this arrangement ‘Quaker Oats + Milk’ was launched on May 16, 2017. ‘Quaker Oats + Milk’ is designed as a convenient on-the-go solution in the breakfast category and is meant to target young-time-starved-Indians. Tendulkar has worked closely with the R&D […]

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