Priyanka Desai and Jaideep Singh Khattar, formerly principal associates at Khaitan & Co, have established a boutique firm called The Fort Circle in Mumbai.
Latham & Watkins and Khaitan & Co have advised Thailand’s Global Renewable Synergy Company (GRSC) on its $453 million acquisition of a stake in Indian solar power company Avaada Energy, which was counselled by Cyril Amarchand Mangaldas.
Mohit Saraf, an erstwhile equity partner of India’s L&L Partners, has left the firm and launched his own outfit. With offices in Delhi, Mumbai, and Bengaluru, Saraf & Partners will have more than 85 lawyers, including 21 partners.
In recent times, the concept of Special Purpose Acquisition Company (SPAC) has become popular in the Indian business environment. We talk to Akila Agrawal, partner & head, M&A at Cyril Amarchand Mangaldas about whether SPAC listings are suitable for Indian companies, and the risks they need to be aware of.
Shardul Amarchand Mangaldas (SAM) has advised India’s Bharat Petroleum Corporation (BPCL) on its $321 million buyout of the stake held by its partner, Oman’s OQ, in their joint venture Bharat Oman Refineries (BORL).
Shardul Amarchand Mangaldas and Hogan Lovells have advised Indian e-commerce giant Flipkart on its $3.6 billion funding round led by investors such as SoftBank, which was counselled by Cooley.
Singapore boutique PDLegal has established an India desk with the hire of Lakshman Shankar as a partner. Shankar was earlier a partner at Indian law firm Dua Associates.