Deal News
Varun Jain, Regulatory & Government Affairs Expert Joins Singhania & Partners LLP As CEO
Singhania & Partners LLP announces the appointment of Varun Jain as CEO. Varun, a highly experienced Regulatory & Government Affairs expert, joins the team with more than two decades of experience in heavily regulated industries like pharmaceuticals, big tech, medical devices, and aerospace spanning leading MNC’s like Google, Honeywell, Gilead, Medtronic, and Tata Consultancy Services.Varun has Master's degrees from the Harvard Kennedy School; Indian School of Business, Hyderabad; and an...
Luthra & Luthra Facilitates Sanyo Special Steel's Strategic Stake Acquisition in Indian Subsidiary"
Luthra and Luthra Law Offices India assisted Sanyo Special Steel Co. Ltd in obtaining the Competition Commission of India's approval for acquisition of 15.43% shareholding in Sanyo Special Steel Manufacturing India Private Limited from Mitsui & Co.Sanyo Special Steel Co. Ltd is a Japan-based company that manufactures and sells steel products globally. It has manufacturing hubs in Europe and India and is engaged in manufacturing and marketing of various special steel products, including...
Luthra And Luthra Advises HDFC Bank On INR 4180 Million Financing For BluPine Energy's 120 MW Gujarat Solar Project
Luthra and Luthra Law Offices India acted for and advised HDFC Bank in connection with financial assistance of INR 4180 Million granted to a SPV of Blupine Energy for its 120 MW solar project in Sadla, Gujarat.Blupine Energy is a global leading renewable energy services company established by Actis, a global investor and leader in funding and building sustainable infrastructure companies. With an investment of USD 800 million from Actis' Energy Fund 5, BluPine Energy is dedicated to developing a...
Kochhar & Co. Advises Spectris Group On Its Strategic Divestiture
Kochhar & Co. is pleased to announce its role as a legal advisor to the Spectris Group, a global leader in high-tech precision instrumentation and controls, in the Indian leg of its strategic divestiture of the Red Lion Controls business to HMS Networks.The transaction involved the transfer of the Red Lion Controls division from Spectris Technologies Private Limited to HMS Industrial Networks India Private Limited.Kochhar Delhi Partner Nishant Arora led the transaction, with support from...
Saraf And Partners Announces Abhiraj Arora As The New Partner In Its Securities And Regulatory Division
Saraf and Partners has welcomed Abhiraj Arora as a new Partner in the Securities and Regulatory practice area. Bringing with him over a decade of rich experience, Arora is adept at expertly navigating complex regulatory environments and delivering strategic advice to protect clients within the rapidly changing securities arena. His track record includes advocating for clients across various fora, including the Stock Exchange, SEBI (Securities and Exchange Board of India), the Securities...
Saraf And Partners Acted On The ₹4,800 Million QIP By Wockhardt
Saraf and Partners advised DAM Capital Advisors Limited, the placement agent, on the qualified institutions placement (QIP) of equity shares by Wockhardt Limited (Wockhardt) aggregating to ₹4,800 million. Wockhardt is a prominent, Indian headquartered, research-based pharmaceutical company with global presence in 45 countries. The company currently manages 12 manufacturing facilities and 2 research and development centres across India and overseas.The QIP included the issue and allotment of...
Luthra And Luthra Facilitates Equity Placement For Valor Estate Limited
Luthra and Luthra Law Offices India recently advised DAM Capital Advisors Limited, JM Financial Limited and PL Capital Markets Private Limited in connection with qualified institutions placement of 3,56,66,675 equity shares aggregating up to INR 92,020.02 lakhs of Valor Estate Limited (formerly known as “D B Realty Limited”). The equity shares were allotted to eligible qualified institutional buyers at the issue price of INR 258 per share (including a premium of INR 248 per share). The equity...
Lakshmikumaran And Sridharan Acts For Premion LLC In Connection With The Indian Leg Of The Global Equity And Asset Purchase Of Octillion Media LLC
Lakshmikumaran and Sridharan Attorneys (LKS) advised Premion LLC, an industry leading connected TV (CTV)/Over-the-Top (OTT) advertising platform, for acquisition of Octillion Media India Private Limited, as part of its global acquisition of equity interests and assets of Octillion Media LLC. Octillion Media LLC is a next generation demand side platform focused on CTV and OTT advertising.The Corporate and M&A team comprised of Mr. Gaurav Dayal, Partner, Mr. Sushrut Biswal, Partner, Mr. Suhaas...
Luthra & Luthra Advises Union Bank Of India In INR 30,000 Million Equity Placement
Luthra and Luthra Law Offices India recently advised the Union Bank of India in connection with the filing of the preliminary placement document and placement document for the qualified institutions placement of the Bank, wherein the Bank has raised an amount aggregating up to INR 30,000 Million via fresh issue of 221,157,390 equity shares of the Bank. The equity shares of the Bank issued under the QIP are to be listed on the BSE Limited and the National Stock Exchange of India Limited for...
Luthra And Luthra Law Offices Facilitates Godrej Properties' Strategic Expansion
Luthra and Luthra Law Offices India advised Godrej Properties Limited ("GPL") in its in acquisition of 15 acres land parcel from Microtek Infratech, for development of a group housing project for a deal value of INR 403 Crore. With this acquisition, besides being commercially lucrative for GPL, has expanded GPL's presence near the booming Dwarka Expressway and adds to its group housing portfolio in the Gurugram region.The Transaction was led by Partner, Vaibhav Suri and ably assisted by...
Luthra & Luthra Law Offices Advises Radiance Renewables On INR 7,150 Million Financial Assistance For 150MW Solar Power Park In Maharashtra
Luthra and Luthra Law Offices India advised Radiance Renewables managed by Eversource Capital in relation to financial assistance availed by 2 SPVs from Axis Bank and Standard Chartered aggregating to INR 7150 million in connection with solar power park with an installed capacity of 150MW AC along with interconnection facilities being set-up in Mol- Manjarwadi, Maharashtra.The deal was led Partner, Girish Rawat and ably assisted by Senior Associate, Ashneet Chhabra and Associate, Pranav
Luthra & Luthra Law Advises on USD 425M Foreign Currency Loan for Serentica Renewables' SPV
Luthra and Luthra Law Offices India advised Rabobank, Export Import Bank of India, India Infrastructure Finance Company Limited (IIFCL), MUFG, Societe Generale and YES Bank in connection with foreign currency term loan facilities for an aggregate amount of USD 425 Million approx. provided to an SPV of Serentica Renewables.The team was led by Partners, Karan Mitroo and Vaibhav Suri, ably assisted by Managing Associates, Ankita Parasar and Manjul Mantri; Associates, Pragya Verma and Shivani...