Deal News
Argus Partners Advises BCCI On The Media Rights Auction For International And Domestic Matches Of The Indian Cricket Team
Argus Partners has advised the Board of Control for Cricket in India (“BCCI”) on the successful auction of TV and Digital Media rights for international and domestic matches of the Indian Cricket Team for September 2023 to March 2028 cycle. The media rights have been acquired by Viacom18 Media Private Limited for a cumulative figure of Rs. 5,963 crores.Commenting on the auction, BCCI President, Mr. Roger Binny said: “The recent BCCI e-auction has unequivocally demonstrated the vigour of cricket...
Saraf And Partners Acts On Union Bank Of India QIP
In one of the largest equity capital issuances by a public sector bank, Union Bank of India has successfully raised Rs. 50,000 million by issuing 577,700,751 equity shares to qualified institutional buyers at a price of Rs. 86.55 per share on August 25, 2023.Saraf and Partners advised IIFL Securities Limited, BNP Paribas, ICICI Securities Limited, JM Financial Limited, Nuvama Wealth Management Limited (formerly Edelweiss Securities Limited), and YES Securities (India) Limited in relation to...
2023 Amendments To The IFSC Banking Regulations: Strengthening The Regulatory Framework For Banking In The IFSC
International Financial Services Centres Authority (“IFSCA”) was established on April 27, 2020 under International Financial Services Centres Authority Act, 2019. IFSCA is a unified authority for development and regulation of financial products, services, and institutions in the International Financial Services Centre (“IFSC”) in India.IFSCA Banking Regulations, 2020 (“Regulations”) is the primary legislation governing the banking and investment activities in IFSC. The Regulations cover a wide...
Kochhar & Co. Advises ReNew In A Partnership With PETRONAS, A Malaysian Headquartered Global Energy Group
Kochhar & Co. has announce their representation of ReNew Group, one of India's largest renewable energy companies in its partnership with PETRONAS’ clean energy subsidiary, Gentari. Pursuant to the transaction, Gentari acquired a minority equity stake in ReNew’s 403 MW utility scale Peak Power Project.The Kochhar Delhi (NCR) team comprising of Senior Partners Pradeep Ratnam and Chandrashekhar Tampi, Principal Associate Samad Ali, Senior Associate Priyadarshinee Singh, and Associate Shivam...
Luthra And Luthra SVL-SME Funds Investment In Nutrifresh Farm Tech India Private Limited
Luthra and Luthra law offices India represented SVL-SME Fund (Neev Funds) in relation to its investment in Nutrifresh Farm Tech India Private Limited, a leading company in the business of hydroponic farming and controlled environment agriculture.The team comprised of Partner, Jay Parikh, Managing Associate, Ayushi Toshniwal and Associate, Priyamvada Sharma.
Saraf And Partners Successfully Represents AGI Greenpac Limited In Defending Its CCI Approval For Acquiring HNGIL
Saraf and Partners successfully represented AGI Greenpac Limited and obtained a landmark order before the Hon’ble National Company Law Appellate Tribunal, New Delhi (NCLAT). The matter was in relation to the Competition Commission of India’s (CCI’s) approval of the proposed acquisition by AGI Greenpac Limited of 100% shareholding of Hindusthan National Glass & Industries Limited, which is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy...
Dentons Link Legal Acted As The Legal Counsel For IPO Of Senco Gold
Dentons Link Legal acted as the Legal Counsel to the Book Running Lead Managers, IIFL Securities Limited, Ambit Private Limited and SBI Capital Markets Limited for the Initial Public Offering of equity shares of Senco Gold Limited and an offer for sale equity shares by selling shareholder aggregating to Rs. 4,050 million. The IPO was subscribed over 77 times overall and the qualified institutional buyers components was subscribed over 190 times.Senco Gold Limited is India’s second largest...
Dua Associates Advises Nxtra Data Limited In Real Estate Transaction For setting up India’s largest data center
Last year Bharti Airtel (“Airtel”) announced plans for its subsidiary Nxtra Data Limited (“Nxtra”) to deploy low environmental impact fuel cell installation at its data center in Karnataka, making Nxtra the first data center company in India to deploy fuel cell technology to reduce carbon emissions at its data centers.Dua Associates, Bangalore advised and assisted Nxtra Data Limited, on the acquisition of property involving an investment of ₹. 1,200+ crores in Bengaluru, to set-up its second...
S&A Law Offices Strengthens Talent Pool With 14 Fresh Graduates From Top Law Universities
S&A Law Offices has announced the induction of 14 exceptional freshers from prestigious law universities, marking a significant milestone for the firm's commitment to nurturing legal talent and reinforcing its position as a leading legal services provider. S&A Law Offices embarked on an extensive search for the most promising legal minds across the country this year through campus recruitment. These young legal professionals have demonstrated exceptional academic achievements, a...
Luthra And Luthra Advises Investment Fund For Developing Countries (IFU) For Investment In Arohan Financial Services Limited
Luthra and Luthra advised Investment Fund for Developing Countries (IFU) in connection with its investment in Arohan Financial Services Limited (Company) through primary issuance of equity securities in the Company.Arohan Financial Services is a leading microfinance institution in India spread across 15 states having a focus on low-income households that have limited or no access to formal financial institutions.IFU through Danish SDG Investment Fund (SDG) a Danish public private partnership...
Luthra And Luthra Advised The Consortium Of Lenders In Invit Financing Transaction
Luthra And Luthra advised and acted for consortium of lenders in connection with financial assistance sanctioned to Oriental Infra Trust (acting through its trustee, i.e. Axis Trustee Services Limited) (“Borrower” / “InvIT”), for the purpose of partly refinancing its existing secured indebtedness and onward lending to its subsidiaries inter aliato partly refinance such subsidiaries’ existing debt.The transaction team consisted of Girish Rawat (Partner), Varun Chauhan (Managing Associate), Radha...
Luthra And Luthra Law Offices India Advised Silveredge Technologies Private Limited
The Firm advised and acted for Silveredge as the buyer’s counsel and assisted on structuring the transaction, conducting a legal due diligence of Vidgyor, negotiating, finalization and execution of the transaction documents. The Firm assisted in the closing of the Transaction and is also involved in the completion of the post-closing formalities to ensure a seamless transition.The transaction team consisted of Partner, Mr. Nishant Singh; Managing Associate, Mr. Nikhil Bhat; Associates – Ms....