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SAM & Co. Competition Partner Naval Satarawala Chopra Nominated To Global Competition Review’s “40 Under 40” List

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Shardul Amarchand Mangaldas & Co (SAM & Co) Competition Partner, Naval Satarawala Chopra, was named as one of the top 40 antitrust practitioners around the world in the “40 under 40” list released by Global Competition Review this December. Global Competition Review is the one of the most well-regarded international antitrust publications for antitrust lawyers, enforcers and in-house counsel, in the world. In its fifth edition, the coveted list (which is published every four years) profiles the brightest young talent in the antitrust world, marking out those who have demonstrated their unquestioned promise to be a part of the next generation of leading antitrust practitioners by taking on leading roles in antitrust in their jurisdictions. This list is a product of peer-review with selected lawyers being nominated by their peers at law firms, economic firms and enforcers. Past recipients of this honour include, Richard Whish, who is now a world renowned professor at King’s College, London; Paul Crampton, who is now Chief Justice of the Federal Court of Canada; Marc van der Woude, who is now a Judge at the General Court of the European Union; and Nicholas Green who is now a British High Court Judge.

Naval, 35, also earns the unique distinction of being the first ever Indian lawyer to feature in the GCR 40 under 40 list. “I am honoured on being selected in the GCR 40 under 40 list and being the first Indian lawyer to have achieved this. It is demonstrative of the growing importance of India on the world antitrust map. However this honour is equally a product of the faith of my clients, the dedication hard work of my colleagues and the opportunity provided to me by the Firm.” Commending Naval on this achievement, the Executive Chairman, Mr. Shardul Shroff added “We are very proud of this new feather in Naval’s professional hat and for bringing this honour to the firmGiven our constant endeavour to be best in class, Naval’s achievement will propel our competition practice even further.

Now an equity partner in the 22 member competition practice at Shardul Amarchand Mangaldas & Co, Naval was elected to partnership in 2012 at the age of 32, after joining the firm in 2009.  Before that, the first five years of his career at the India desk of Freshfields Bruckhaus Deringer in London after completing completed his LL.B from ILS Law College, Pune and then his LL.M. at the University of Michigan, Ann Arbor. As one of the first few competition lawyers in the now growing antitrust bar in India, he has acted on some of the marquee cases in the last 6 years of competition law in India, across enforcement, mergers and compliance matters before the Competition Commission of India and the Competition Appellate Tribunal. In particular, Naval has built a formidable practice in the area of Abuse of Dominance and particularly, on issues interfacing intellectual property and information technology, for which he is sought out by international companies and law firms. His clients include Microsoft, Facebook, SingTel, National Stock Exchange, Uber, Singapore Airlines, HT Media, Bharat Matrimony, iBall and VeriFone.

In addition to his private practice, Naval also worked closely with the Ministry of Corporate Affairs and the Competition Commission of India in the finalisation of the Indian merger control regime in 2011. He co-authored an article titled “The Curious Case of Compulsory Licensing in India” which was awarded the Best Article on Unilateral Conduct in the Business Category, at the Global Antitrust Writing Awards and Ranking 2013. In 2014, Naval instituted a diploma course on competition law at his alma mater, ILS Law College, Pune, where he teaches part time.

Naval has also been acknowledged by Chambers & Partners, 2015 as a “master strategist” who is known for his “very sound handle on Indian law” and his “ability to think out-of-the-box and find solutions by balancing the law and commercial considerations”. The Indian Lawyer 250 also recognised him as “a very impressive young lawyer”, who shows “a great level of responsiveness and client sensitivity”, particularly in merger control matters. He has also consistently featured in the international Who’s Who of Competition Lawyers and Economics for the last 4 years. In addition, the Firm’s competition practice is the only one to be featured in Band 1 for India, in the Chambers & Partners Guide.

The post SAM & Co. Competition Partner Naval Satarawala Chopra Nominated To Global Competition Review’s “40 Under 40” List appeared first on Live Law.


Trilegal and Desai & Diwanji Act on CLSA Capital Partners’ Investment in Holisol Logistics

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Trilegal advised CLSA Capital Partners (HK) Limited in relation to its investment of INR 660,038,760 in Holisol Logistics Private Limited including negotiating the term sheet, conducting due diligence and drafting and negotiating all transaction documents.

Funds advised and/or managed  by CLSA Capital Partners (HK) Limited has invested in Holisol Logistics Private Limited in the form of:

(i) primary investment by subscribing to the cumulative compulsorily convertible preference shares of the Company; and

(ii) secondary purchase of equity shares of the Company from:

                 (a)           Rahul S Dogar;

                (b)           Naveen Rawat;

                 (c)           Manish Ahuja; and

                (d)           Datavision Systems Private Limited.

 Trilegal: (i) negotiated and finalised the term sheet; (ii) conducted due diligence on the Company; (iii) drafted and negotiated the transaction documents including the shareholders’ agreement, the share subscription agreement and the share purchase agreements; and (iv) assisted in the closing of the transaction.

The team comprised of Partners – Sridhar Gorthi, Kunal Chandra, Counsel - Kunal Kumbhat, Associates - Meera Sreekumar, Debaditya Datta, Saujanya Hosmani and Vasavi Kaparthi.

Desai & Diwanji, Gurgaon acted as legal counsel for the Company. The team comprised of Raghav Mathur, Partner; R. Singh, Senior Associate; and Ajay Bhadu, Associate.

ICICI Securities Limited (Investment Banking), Mumbai acted as Financial Advisors of the Company. The team comprised of Saurabh Jain and Ashutosh Verma.

The post Trilegal and Desai & Diwanji Act on CLSA Capital Partners’ Investment in Holisol Logistics appeared first on Live Law.

Linklegal acts as Lenders’ legal counsel to SBI

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Linklegal-India Law Services, acted as lenders’ legal counsel to SBI led consortium of lenders which have sanctioned financial assistance aggregating Rs.3,530,000,000/- including sub limit by way of letter of credit of Rs.1,800,000,000/- to Tangsibji Hydro Energy Limited (the “Borrower”) for setting up of a 118 MW (2 X 59MW) hydro power project located on the Nikachhu river in Trongsa District, Bhutan and other associated facilities (the “Project”) at an estimated cost of Rs.11,894,000. Asian Development Bank has also sanctioned financial assistance aggregating USD 70,000,000 for the Project.

The Borrower is promoted by Druk Green Power Corporation Limited which is a wholly owned subsidiary of Druk Holding and Investments Limited, a holding and investment arm of the Royal Government of Bhutan.

Linklegal-India Law Services was involved in drafting, negotiation and finalization of finance and security documents, in consultation with a Bhutanese counsel, which were executed on November 1, 2015 at Thimpu, Bhutan. The transaction was led by Ms. Vishakha Bhagvat, Partner who was assisted by Senior Associates, Ms. Avni Chordia and Mr. Rohit Pereira.

The post Linklegal acts as Lenders’ legal counsel to SBI appeared first on Live Law.

DMD & DSK Legal advise on TCIF-Alef Mobitech deal

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Tata Capital Innovations Fund (TCIF), which is a SEBI registered domestic venture capital fund that focuses predominantly on ‘technology led’ innovations for India & beyond, recently  acquired significant minority stake in the India subsidiary of Alef Mobitech Inc., namely Alef Mobitech Solutions Private Limited. Alef is a US based group, renowned globally in the telecom industry, as a technology solutions provider to mobile network and content providers. However, the deal is closed and its value has been kept confidential. Quite evidently, the Alef Group is promoted by Ganesh Sundaram, a pioneer in the field of providing solutions for wireless products and secure mobile wireless 3G/4G systems.

DMD Advocates represented Alef Group through a team led by Rashi Dhir, Senior Partner and Head of Corporate, Shivendra Singh – Senior Associate, Isha Shah Kapoor Associate.  From the other side, DSK Legal lawyers namely Ajay Shaw, Partner; Salma Curmally Manager, Akanksha Tiwary, Associate were involved.

The post DMD & DSK Legal advise on TCIF-Alef Mobitech deal appeared first on Live Law.

SAM & Co advises on restructuring of US$ 194.4 mn Videocon FCCBs

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Shardul Amarchand Mangaldas & Co acted as Indian legal advisor to Videocon Industries Limited (the “Issuer”) in relation to its restructuring of US$194.40 million 6.75% foreign currency convertible bonds (“FCCBs”) due December 2015.

The Capital Markets Team of Shardul Amarchand Mangaldas was led by Mr. Prashant Gupta, Partner & National Practice Head-Capital Markets, and included Ms. Shilpa Mankar Ahluwalia, Partner, and Ms. Monal Mukherjee, Partner, Ms. Shubhangi Garg, Principal Associate, Mr. Mathew Thomas, Senior Associate, Ms. Mallika Chopra, Senior Associate, and Ms. Roochi Hatengdi, Associate.

Videocon Industries Limited is a global conglomerate and the flagship company of the Videocon Group in India. This was a restructuring of US$ 194.40 million 6.75% existing FCCBs of the Issuer, which were issued in December 2010 and due December 2015. The transaction involved part cash settlement of an amount of US$ 97.20 million (plus applicable interests and costs), and part exchange into US$ 97.20 million 4.30% FCCBs due December 2020. The Exchange Bonds are secured by way of pledge of certain shares of Videocon Telecommunications Limited (a subsidiary of the Issuer) by certain Videocon Group entities, and personal guarantees by two of the promoters of the Issuer.

The existing FCCBs of the Issuer were, and the Exchange Bonds are, listed on the Singapore Stock Exchange (SGX-ST), while the underlying equity shares of the Issuer are listed on the Indian stock exchanges, namely, BSE Limited and National Stock Exchange of India Limited.

The Parties involved in the transaction were Videocon Industries Limited (the “Issuer”), Credit Suisse (Singapore) Limited (the “Sole Bookrunner”), DB Trustees (Hong Kong) Limited (the “Trustee”), Deutsche Bank AG, Hong Kong Branch (the “Principal Agent”), Deutsche Bank Luxembourg S.A (the “Registrar”) and Madison Pacific Trust Limited (the “Security Trustee”). 

Baker & McKenzie. Wong & Leow acted as the Legal Advisor to the Company as to English law. Linklaters and Cyril Amarchand Mangaldas acted as the Legal Advisors to the Sole Bookrunner as to English law and Indian law, respectively. Allen & Overy LLP advised the Trustee as to certain matters of English law. Duane Morris & Selvam LLP advised the promoters as to certain matters of English law in relation to the promoter guarantee. DLA Piper and Juris Corp advised certain bondholders as to certain matters of English law and Indian law, respectively.

The post SAM & Co advises on restructuring of US$ 194.4 mn Videocon FCCBs appeared first on Live Law.

Trilegal Advises Wipro Limited 100% Acquisition of the Viteos Group

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Trilegal advised and assisted WIPRO Limited, in relation to acquisition of 100% equity interest in the Viteos Group by Wipro Limited and its affiliates subject to receipt of certain consents and approvals and fulfilment of other closing conditions.

Trilegal was involved in advising on the investment structure, and drafting and negotiating all the transaction documents.

The Trilegal team compised of Kosturi Ghosh, Partner; Wiseroy Damodaran, Senior Associate; and Bhusan Jatania, Associate.

Nishith Desai Associates acted as the Indian legal counsel for Viteos Mauritius Limited. Hughes Hubbard & Reed LLP acted as the U.S. legal counsel for Wipro Limited.

The post Trilegal Advises Wipro Limited 100% Acquisition of the Viteos Group appeared first on Live Law.

AZB assists Gateway Partners in acquisition of significant minority stake in Mrs. Bectors Food Specialties Limited

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AZB & Partners advised and assisted Gateway Partners in acquisition of significant minority stake in Mrs. Bectors Food Specialties Limited, for a total consideration in excess of USD 25 million.

The AZB Team comprised of Partners, Sachin Mehta and Associates, Vinit Nalavadi and Avantika Gupta.

Mrs Bector’s Food, founded by Rajni Bector in 1978, operates in both B2B and B2C packaged foods and bakery product segment with offerings such as biscuits and sauces. It was controlled by three siblings, Anoop, Akshay and Ajay Bector, with equal shareholding. As part of a 2013 family settlement, Anoop took charge of the biscuits and bakery unit, while Akshay now helms the condiments business.

The post AZB assists Gateway Partners in acquisition of significant minority stake in Mrs. Bectors Food Specialties Limited appeared first on Live Law.

AZB assists Star India Private Limited in acquisition of four Telugu MAA TV Channels

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AZB & Partners advised and assisted Star India Private Limited in acquisition of MAA Television Network Limited’s business of production, broadcasting and/or distribution of general entertainment channels, music and movies television channels in Telugu language.

The AZB team comprised of Partner, Bhavi Sanghvi and Senior Associates, Divya Mundra and Roxanne Anderson.

Maa TV group was owned by industrialist Nimmagadda Prasad, Rajya Sabha member Chiranjeevi and actor Nagarjuna. Star India is a leading broadcaster in India with over 40 channels in eight different languages.

The post AZB assists Star India Private Limited in acquisition of four Telugu MAA TV Channels appeared first on Live Law.


Luthra & Luthra advises on private placement of Equity Shares by RBL

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Luthra & Luthra Law Offices has recently completed a private placement of equity shares by RBL Bank Limited. The Firm acted as legal counsel to the Bank on all aspects of Indian law.

The deal was a private placement of equity shares by the Bank, pending approval for its IPO by SEBI. Having being completed after the filing of the Bank’s DRHP for its proposed IPO, it involved a careful balancing of disclosure requirements to ensure adequate information to the investors in the private placement on one hand, and compliance with SEBI Regulations prohibiting selective dissemination of material after the filing of a DRHP, on the other. The allotment under the private placement was made in tranches, which had to be carefully sequenced in order to ensure compliance with the Companies Act provisions.

The transaction team was led by Manan Lahoty (Partner) and ably assisted by Manshoor Nazki (Managing Associate), Rohan Sahai (Senior Associate), Ankit Thakur and Varsha Srinivasan (Associates).

The post Luthra & Luthra advises on private placement of Equity Shares by RBL appeared first on Live Law.

Linklegal advises Ru-Net in $20 million round investment in Faaso’s Food Services

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Linklegal India Law Services advised Ru-Net Limited, the lead investor in $20 million round investment in Faaso’s Food Services Private Limited, a technology-focused quick-service fast-food restaurant chain backed by Sequoia Capital. Ru-Net was joined by the existing investors, Sequoia Capital and Lightbox Ventures in its investment in Faaso’s.

Linklegal team was led by its Partner Manish Gupta, who was assisted by Associates, Sweta Rao and Ashish Ahluwalia. The company was represented by Siddharth Nair, Partner and Hardik Bhatia Associate of BMR Legal, Bangalore. Dheeraj Khanna, senior associate of Themis Associates advised the existing investors, Sequoia and Lightbox.

Pune-based Faaso's, claims to be a food on demand company, launched its mobile app last year in March and it claims that 70% of its orders now come through the internet. At present, it hawks wraps and biryanis from 90 outlets across six cities namely Pune, Mumbai, Bangalore, Chennai, Ahmedabad and Baroda.

Jaydeep Barman, a former McKinsey and Co executive, had founded Faaso's with his batchmate Kallol Banerjee. Both Barman and Kallol are engineers with MBAs from IIM Lucknow and INSEAD.

Ru-Net is a Russia-based investor and has invested in Indian companies like Snapdeal, Pepper Tap, Appsdaily etc. in the past.

The post Linklegal advises Ru-Net in $20 million round investment in Faaso’s Food Services appeared first on Live Law.

JSA assists Kinetic Engineering Limited in FCCB settlement

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JSA-Advocates-Solicitors-minLive Law News NetworkJ. Sagar Associates (JSA) advised and assisted Kinetic Engineering Limited (KEL) in relation to the settlement of its foreign currency convertible bonds (FCCBs) of US$ 18 million held by Pine Bridge Asia Partners II, L.P., AIA Singapore Private Limited and AIA International Limited.

JSA’s role included assisting KEL with the legal strategy and negotiations for the FCCB settlement as well as advising them on legal and regulatory issues in connection with the same.

As part of the FCCB settlement, KEL has allotted 23,40,499 equity shares to the FCCB holders in addition to a negotiated cash settlement.

The JSA team comprised of Partners, Aashit Shah, Varghese Thomas and Anish Mashruwala; Senior Associate, Pratik Pawar; and Associates, Ambiecka Pandit and Pallavi Banerjee.

AZB & Partners advised the FCCB holders.

The post JSA assists Kinetic Engineering Limited in FCCB settlement appeared first on Live Law.

Cyril Amarchand Mangaldas assists dealer manager, Credit Suisse (Singapore) Limited, in FCCB Restructuring by Videocon Industries Limited

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Cyril Amarchand Mangaldas acted as the Indian Legal Counsel to Credit Suisse (Singapore) Limited, the dealer manager in the restructuring of the foreign currency convertible bond (the FCCBs) pursuant to an exchange offer undertaken by Videocon Industries Limited. The exchange offer was of USD 100,000 each in aggregate nominal value of USD 200,000,000 6.75% convertible bonds due 2015 (the Existing Bonds) with (a) USD 50,000 in aggregate principal amount of USD 97,200,000 4.30 per cent. convertible bonds due 2020 (the Exchange Bonds) and (b) a cash amount equal to USD50,000 plus an amount in cash (in U.S. dollars) equal to accrued interest.

The Cyril Amarchand Mangaldas team which advised the Credit Suisse (Singapore) Limited was led by Mumbai based capital markets partner Gaurav Gupte.

Linklaters and Baker & McKenzie.Wong & Leow acted as English law adviser to Credit Suisse (Singapore) Limited and Videocon Industries Limited respectively, with the closing date (date of allotment of Exchange Bonds) being December 30, 2015.

The post Cyril Amarchand Mangaldas assists dealer manager, Credit Suisse (Singapore) Limited, in FCCB Restructuring by Videocon Industries Limited appeared first on Live Law.

JSA assists Somany Ceramics Limited in raising Rs. 1200 million by way of a Qualified Institutions Placement

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J. Sagar Associates (JSA) acted as the Domestic Legal Counsel to the Issue in Somany Ceramics Limited’s Qualified Institutions Placement of equity shares amounting to Rs. 1200 million (the “Issue”). The Issue also included an offering of equity shares to qualified institutional buyers within the United States of America.

Emkay Global Financial Services Limited was the Book Running Lead Manager to the Issue while Squire Patton Boggs, Singapore, acted as the International Legal Counsel to the Book Running Lead Manager.

The JSA team comprised of Partners, Nosh Modi and Arka Mookerjee; and Associates, Swapneil Akut, Siddhartha Desai, Krupa Brahmbhatt and Akash Joshi.

The post JSA assists Somany Ceramics Limited in raising Rs. 1200 million by way of a Qualified Institutions Placement appeared first on Live Law.

Luthra & Luthra advises on Guardian Group’s acquisition of Aon Hewitt Absence Management

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Luthra & Luthra Law Offices recently acted for and advised Guardian Life Insurance Company of America in their purchase of global assets in India, USA and Canada, and 100% equity interests in Aon Hewitt Absence Management, LLC, an indirect subsidiary of Aon Corporation, USA.

Pursuant to a bid, the Reed Group Ltd., a wholly owned subsidiary of Guardian Life Insurance Company of America was selected as the winning bidder to acquire the global assets and 100% equity interests of the Company within very tight deadlines. The Indian leg of the transaction was therefore to be completed within a period of three weeks and the deal team was requested by the Client to be available throughout the said three weeks, especially at EST hours through this time. As a result of the transaction, various Indian Law requirements were needed to be complied with, including advising on the structure and framework of the Transaction and making the Transaction Documents (a Share Purchase Agreement, a Transition Services Agreement, a Sub- Contracting Agreement, an Employee Agreement including other documents) compliant as per Indian Laws. The work also included conduct of a limited due diligence (concerning the employees) of the Indian Subsidiary of the Company.

The transaction team was led by Dipti Lavya Swain (Partner), whilst the Corporate/regulatory team advised on the key regulatory aspects of the transaction, ably supported by employee/labour laws, direct & indirect tax and competition law practice teams dealing with the respective aspects of the Transaction.

The post Luthra & Luthra advises on Guardian Group’s acquisition of Aon Hewitt Absence Management appeared first on Live Law.

AZB assists Nomura in sale of stake in LIC Nomura Mutual Fund Asset Management Limited and LIC Nomura Mutual Fund Trustee Company Private Limited

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AZB & Partners advised and assisted Nomura Asset Management Pte Limited in sale of 35% shareholding in LIC Nomura Mutual Fund Asset Management Limited to LIC Housing Finance Limited; Corporation Bank; and GIC Housing Finance Limited.

It also assisted in sale of 35% shareholding in LIC Nomura Mutual Fund Trustee Company Private Limited to LIC Housing Finance Limited; and GIC Housing Finance Limited.

The AZB team comprised of Partners, Alka Nalavadi and Rushabh Maniar; and Associate, Medha Marathe.

The post AZB assists Nomura in sale of stake in LIC Nomura Mutual Fund Asset Management Limited and LIC Nomura Mutual Fund Trustee Company Private Limited appeared first on Live Law.


JSA assists Bertelsmann Nederland B.V. in investment in Bigfoot Retail Solutions Private Limited

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J. Sagar Associates (JSA) advised Bertelsmann Nederland B.V. (BII) in connection with its investment in the securities of Bigfoot Retail Solutions Private Limited (Bigfoot) as part of a Series B1 funding round aggregating to about USD 6 million led by BII. Other investors in the round included Nirvana and 500 Startups.

Bigfoot is engaged in the business of providing information technology enabled services to small and medium businesses owners to enable them to sell online (under the trade name ‘KartRocket’) as well as providing a platform to sellers to find new revenue opportunities and engage with the end consumer directly (under the trade name ‘Kraftly’).

JSA was involved in the corporate due diligence on Bigfoot and in drafting, negotiation, finalizing and execution of the transaction documents.

The JSA team comprised Partner – Raj Ramachandran; and Associate – Lalu John Philip.

Nirvana was represented by Nishith Desai Associates and 500 Startups was represented by BMR Legal.

The post JSA assists Bertelsmann Nederland B.V. in investment in Bigfoot Retail Solutions Private Limited appeared first on Live Law.

Shardul Amarchand Mangaldas & Co advises Cube Highways and Infrastructure on the Rs. 575 crores acquisition of Western UP Tollway

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Shardul Amarchand Mangaldas & Co acted as the legal advisor to Cube Highways and Infrastructure Pte Limited in its acquisition of Western UP Tollway Limited, for an Enterprise value of Rs. 575 Crore (subject to certain closing adjustments). The transaction is expected to closed by By March, 2016. Cube Highways and Infrastructure Pte Limited, is an investment platform funded by ISquared Capital (a global investment fund) and IFC (the private sector investment arm of the World Bank).

The SAM & Co team was led by Mr. Jatin Aneja, Partner, and included Ms. Anubhuti Agarwal, (EX- SAM & Co. Partner); Mr. Siddhartha Sen, Principal Associate; Mr. Varun Nair, Senior Associate; and Mr. Dhrupad Pant, Associate. The Team was involved in all legal aspects of the deal including structuring, drafting, negotiating and finalization of the transaction documents, and assisting in completion of closing related formalities.

As a part of the transaction, Cube Highways and Infrastructure Pte Limited has agreed to acquire a 100% stake in Western UP Tollway Limited from NCC Limited, NCC Infrastructure Holding Limited, Gayatri Projects Limited and Gayatri Infra Ventures Limited.

The post Shardul Amarchand Mangaldas & Co advises Cube Highways and Infrastructure on the Rs. 575 crores acquisition of Western UP Tollway appeared first on Live Law.

Cyril Amarchand Mangaldas assists FinMin for disinvestment in Engineers India Limited by the President of India

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Cyril Amarchand Mangaldas acted as the legal counsel to Department of Disinvestment, Ministry of Finance, Government of India for the disinvestment in Engineers India Limited by the President of India (acting through the Ministry of Petroleum and Natural Gas) through the Offer for Sale mechanism on the stock exchanges. The President of India successfully divested 10% of its stake in Engineers India Limited comprising of  3,36,93,660 shares of face value Rs. 5 each. The Offer for Sale was concluded on January 29, 2016 and settled on February 2, 2016.

With a total subscription of Rs. 1,641.52 crore, the offer for sale was over-subscribed 2.54 times, with the retail participation being 3.92 times and non-retail participation being 2.20 times. Pursuant to this disinvestment, the President of India’s share in Engineers India Limited will be 59.37%. Engineers India Limited is a Navratna Central Public Sector Enterprise engaged in providing engineering consultancy and EPC Services.

The Cyril Amarchand Mangaldas team which advised the Department of Disinvestment, Ministry of Finance was led by the Managing Partner Cyril Shroff, and Delhi based partners Aarti Joshi and Gokul Rajan.

Herbert Smith Freehills LLP was the International Legal Counsel to the Department of Disinvestment, Ministry of Finance. Shardul Amarchand Mangaldas was the domestic legal counsel to the brokers (i.e. SBICAP Securities Limited, ICICI Securities Limited, Edelweiss Financial Services Limited and Deutsche Equities India Private Limited) and Jones Day was theInternational Legal Counsel for the brokers.

The post Cyril Amarchand Mangaldas assists FinMin for disinvestment in Engineers India Limited by the President of India appeared first on Live Law.

Luthra & Luthra wins the Best Overall Law Firms 2015 Award

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Luthra & Luthra Law Offices has won the Best Overall Law Firms Award in India Business Law Journal’s (IBLJ’s) Indian Law Firm Awards for the year 2015. Further to this, the Firm’s strong performance in the awards, also include winning the following categories: 

  • Capital markets
  • Insurance & re-insurance
  • Policy & regulation
  • Real estate
  • Restructuring & insolvency

The awards were judged based on votes, references and qualitative information received by IBLJ from in-house counsel and other legal professionals in India and around the world.

The post Luthra & Luthra wins the Best Overall Law Firms 2015 Award appeared first on Live Law.

Cyril Amarchand Mangaldas appoints Kunal Gupta as Partner at its New Delhi office

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India’s leading full service law firm, Cyril Amarchand Mangaldas, has appointed Mr. Kunal Gupta as Partner at its New Delhi Office with effect from February 15, 2016.

Kunal an expert in forensics and investigations, with over nine years of experience, in various sectors would bring rich exposure to the firm, having provided advisory services pertaining to AML compliance and investigations, FCPA/UK Bribery Act investigations, Forensic Technology Services, Internal Fraud Investigations, Fraud Risk Assessments, Third Party Due Diligence and Background checks, in his earlier roles.

Prior to joining Cyril Amarchand Mangaldas, Kunal was a partner with Grant Thornton in India, having led a multi-disciplinary team catering diverse industry segments such as Retail, Pharmaceutical and Medical Devices, Automotive, Real Estate and IT/ITES. Prior to Grant Thornton, he was at PriceWaterHouse Coopers (PwC) at New Delhi and also at the World Bank, Washington DC as part of the Integrity Vice Presidency, where he was involved in large, multi-country investigations involving fraud and corruption in World Bank financed projects across the world.

Over the course of his professional career, Kunal has led and participated in several confidential corporate investigations ranging from anti-corruption (including FCPA and UK Bribery Act), anti-money laundering compliance violations, fraudulent sales practices, procurement frauds, payroll and CV frauds, malpractices in retention of third parties and intermediaries, conflicts of interest issues and disbursement frauds. In addition to the above, he has also led numerous engagements involving forensic audits for the lenders and investors, forensic diligence in M&A context and in advising both global and Indian companies in proactively addressing compliance issues. He has worked with a number of global regulators such as Securities Exchange Commission (SEC), Serious Fraud Office (SFO), Royal Canadian Mounted Police (RCMP) and is proficient in forensic accounting and forensic technology. He also speaks regularly at industry forums and is closely involved with National Judicial Academy where he conducts sessions on forensic accounting. 

Kunal is a 2006 Erasmus Mundus Scholar, having obtained his European Master in Law & Economics from the Erasmus University, University of Ghent & Hamburg University. Further, he holds a B.A. LLB (Hons) degree from the National Law School of India University, Bangalore and a LL.M from the Harvard Law School, 2008, where he was also the editorial staff for the Harvard Journal on Legislation.

On his role, Managing Partner Cyril Shroff commented, “Forensics & Investigations compliments our other practice areas and we are delighted to have Kunal on board. Kunal would add immense value to the firm given his rich and diversified sectoral experience in forensics”.

Kunal Gupta, on his appointment said, "With the increase in frequency and sophistication of forensics, white collar crime and regulatory supervision, clients have a profound need for law firms which can understand and advise on matters that traverse technology, legal and financial domains. Cyril Amarchand Mangaldas, offers an excellent opportunity to serve clients in this evolving area of practice, and I am excited to be part of it”

The post Cyril Amarchand Mangaldas appoints Kunal Gupta as Partner at its New Delhi office appeared first on Live Law.

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