CAM, Khaitan, Hogan Lovells act on $179mln Brigade QIP
Cyril Amarchand Mangaldas has advised Brigade Enterprises, a real estate developer in India, on its fundraising through qualified institutional placement (QIP) of equity shares totalling approximately $179 million. Khaitan & Co and Hogan Lovells Lee & Lee advised the book-running lead managers to the deal.
Luthra continues hiring streak with disputes team, corporate partner
Luthra and Luthra has continued its strong rebuild in September, following a cluster of exits from the firm, with the addition of a five-member disputes team in Hyderabad from Kings Stubb & Kasiva (KSK) led by partner Rajeev Rambhatla, and healthcare-focused corporate partner Pradnesh Warke from Dentons Link Legal in Mumbai.
CAM, Trilegal, W&C act on Prestige Estate’s $595 mln QIP
Cyril Amarchand Mangaldas has advised real estate developer Prestige Estates Projects on its $595 million qualified institutional placement of shares. Trilegal and White & Case advised the lead managers on the deal.
SAM, CAM, Latham act on Ather Energy’s upcoming $536 mln IPO
Shardul Amarchand Mangaldas & Co is advising Indian electric two-wheeler maker Ather Energy on its upcoming $536.2 million initial public offering (45 billion rupees), as more emerging companies than ever before turn to India’s red-hot stock market to raise funds.
CAM continues rapid expansion with NDA private equity co-head
Ratnadeep Roychowdhury, co-head of Nishith Desai Associates’ private equity and sovereign wealth funds group has moved to Cyril Amarchand Mangaldas, making him the second NDA practice head to move to CAM in a week.
CAM, WFW act on $185 mln Adani Ports acquisition
Cyril Amarchand Mangaldas advised its longstanding client Adani on Adani Ports and Special Economic Zone’s acquisition of 80 percent stake in Astro Offshore, an offshore support vessel operator. Watson Farley & Williams advised the selling shareholders of Astro Offshore.
Argus adds Nayara Energy GC to Mumbai corp practice
Nayara Energy’s former assistant general counsel Aayush Kumar is moving back to private practice, joining Argus Law as a partner in its Mumbai-based corporate practice, as law firms continue to hire in-house lawyers to bolster their capabilities.
EXPLAINER: Could proposed India competition rules usher new Era of antitrust regulation?
The Competition Commission of India (CCI), the country’s antitrust regulator, has come out with a draft framework for commitment and settlement of cases, as well as a draft merger control guideline which, when finalised and enforced, are likely to substantially over-haul antitrust regulation in the country.
Saraf continues M&A expansion with AZB partner in Mumbai
Indian law firm Saraf & Partners has added Ramya Suresh from AZB & Partners, the firm’s second M&A partner hire in Mumbai in a fortnight following the addition of Dhruv Chatterjee from Trilegal at the end of September.
CAM, AZB, Hogan Lovells act on first-of-its-kind India QIP
Indian law firms Cyril Amarchand Mangaldas and AZB & Partners and global law firm Hogan Lovells have advised on non-banking financial company Cholamandalam Investment and Finance’s $480 million qualified institutional placement (QIP).