DIRECT TAX

AZB & Partners Advised Sukoon Healthcare in securing $15 mn from Lightrock for a majority stake

The in-patient psychiatric facility Sukoon Healthcare has secured USD 15 million (about Rs 120 crore) investment from Lightrock India for a majority stake in the hospital. The Gurugram-based hospital in a statement claimed that the investment is the largest in the domestic mental health space so far and will

Read More »
Zoomcar enters into a merger agreement with Innovative International Acquisition Corp

​​The transaction values the combined company at an implied pro forma enterprise value of approximately USD 456 million. Upon closing, the Combined Company will be renamed Zoomcar Holdings, Inc and expects to list its common stock on Nasdaq. Cohen & Company Capital Markets, a division

Read More »
AZB & Partners advised Larsen & Toubro Infotech in its Merger with Mindtree

Larsen & Toubro Infotech-Mindtree merger gets NCLT clearances The merger of Larsen & Toubro Infotech (LTI) and Mindtree received approval from National Company Law Tribunal (NCLT) and subsequently both the companies would be operating as a merged entity from November 14, 2022, said A. M. Naik, Group

Read More »
NCLT approves Sterling Biotech’s acquisition by US-based Perfect Day

India’s bankruptcy court has approved US-based food technology startup Perfect Day’s acquisition of Sterling Biotech under the Insolvency & Bankruptcy Code (IBC). In April, the California-based company emerged successful with a bid of Rs 638 crore against the reserve price of Rs 548.46 crore for the debt-ridden company, which owes over

Read More »
Levy of 18 percent GST on House Rent

Do you know about the amendment brought to the GST Regime in India? And about the 18% GST on House Rent? Watch now, our latest video where Avani Shukla, Associate- content & collaborations will help us understand the amendment more in detail, the applicability and

Read More »
Blackstone Commits up to $359 million (INR 2,904 crore) to Acquire a Majority Stake in R Systems

Blackstone (NYSE:BX) today announced that private equity funds managed by Blackstone (“Blackstone”) have signed definitive agreements with Satinder Singh Rekhi and other current promoters to purchase a majority stake in R Systems International Limited (“R Systems”). AZB & Partners advised R Systems International Limited and

Read More »
DSK Legal advised KIAL, in relation to the closure of KIAL’s 13th real estate fund for opportunistic real estate investments in India.

DSK Legal advised Kotak Investment Advisors Limited (“KIAL”), in relation to the closure of KIAL’s 13threal estate fund for opportunistic real estate investments in India. This fund will have a corpus of USD 1,000,000,000 (US Dollars One Billion only), secured through an investment of USD 500,000,000 (US Dollars Five Hundred Million only)

Read More »
AZB & Partners Advised Fairfax India in Completing Sale of Equity Interest in IIFL Wealth Management

Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces that its wholly-owned subsidiary, FIH Mauritius Investments Ltd. has completed its previously announced sale of 9.8% equity interest in IIFL Wealth Management Limited (“IIFL Wealth”) to Bain Capital for gross proceeds of approximately

Read More »
Medanta Operator Global Health's shares list at 19% premium to issue price

Shares of Global Health Ltd made a decent market debut today, listing at a premium of 19.35 per cent against the IPO issue price. The price band of the share sale was Rs 319 to Rs 336 per share. The stock listed at Rs 401

Read More »
Sembcorp acquires 100% stake in GIP-backed Vector Green for Rs 2,780 cr

Vector has a total portfolio of 583 Mw across 13 states; deal will take Sembcorp’s gross renewable assets in India to 3 Gw Singapore-listed utility company Sembcorp Industries said it will acquire clean energy platform Vector Green Energy for Rs 2,780 crore to expand its renewable energy footprint in India to

Read More »
Luthra and Luthra Law Offices India recently advised FINN Partners Limited on its acquisition of SPAG Consultants Private Limited.

Luthra and Luthra Law Offices India recently advised FINN Partners Limited on its acquisition of SPAG Consultants Private Limited. Finn Partners is one of the fastest-growing global, independent marketing and communications agencies in the world. FINN provides clients with global access and capabilities in the

Read More »
Mala Gopal Gaonkar sells Rs 1,009 crore worth Nykaa shares; Canada Pension Plan a buyer

Mala Gopal Gaonkar sold 5.75 crore shares at an average of Rs 175.48 per share while Canada Pension Plan Investment Board bought 1.7 crore Nykaa shares at Rs 175.25 apiece, data showed. Mala Gopal Gaonkar sold Rs 1,009 crore worth FSN E-Commerce Ventures (Nykaa) shares

Read More »
Axis Bank share sale under SUUTI fetches Rs 38.4 billion for govt.

The government has garnered about Rs 3,839 crore by selling a 1.5 percent stake in Axis Bank, which it held through SUUTI. The Government of India has received around Rs 38.39 billion, i.e., $472.1 million, from the sale of Axis Bank Ltd shares held by

Read More »
ADIA, Brookfield and TPG Invest in ‘UPL Sustainable Agri Solutions Ltd.’ India’s largest Integrated Agtech Platform

UPL announced that wholly owned subsidiaries of the Abu Dhabi Investment Authority (“ADIA”), Brookfield and TPG will together invest INR 1,580 Crore (US$ 200 Mn) for acquiring a combined 9.09% stake in UPL Sustainable Agri Solutions Limited (“UPL SAS” or “the Company”), creating ‘India’s largest

Read More »
CreditAccess Grameen board nods further investment in Madura Micro Finance up to Rs250cr

The Board of Directors at their meeting on December 21, 2021, have considered and approved further investment in MMFL. CreditAccess Grameen Ltd has announced to the exchanges regarding investment in Madura Micro Finance Limited company. As per regulatory filing, based on the approval of the Shareholders

Read More »
AZB & Partners advised SK Capital to Acquire Apotex, a Global Leader in Affordable Pharmaceuticals

Investment from SK Capital to support Apotex’s next phase of growth and continued innovation for patient affordability. An affiliate of funds advised by SK Capital Partners, LP (“SK Capital”) announced that it has reached an agreement to acquire Apotex Pharmaceutical Holdings Inc. (“Apotex” or the

Read More »
Supreme Court upholds 10% reservation for EWS | #KnowYourLaw | LawWiser

Recently, the Supreme Court has given a landmark verdict, upholding the 10 percent reservation for the Economically weaker sections. In a 3:2 decision delivered by the bench on November 7th, 2022, declared that the 103rd Amendment and EWS Reservations were constitutionally valid. Justices Maheshwari, Trivedi

Read More »
Luthra and Luthra acts for Crystal Crop on its USD 37 million investment by IFC

Luthra and Luthra Law Offices India assisted Crystal Crop Protection Limited in relation to raising of private equity investment of INR. 300 crores (USD 37 million approx.) from International Finance Corporation (IFC) and Emerging Asia Fund (EAF).   The team comprised of Partners, Avirup Nag and

Read More »
AZB & Partners advised KKR in its investment of $400 million in Serentica Renewable

Global investment firm KKR will invest $400 million in Serentica Renewables, a decarbonisation platform that seeks to enable the energy transition by providing complex clean energy solutions for energy-intensive, hard-to-abate industries. AZB & Partners advised Kohlberg Kravis Roberts & Co. L.P (KKR). The AZB &

Read More »
Chandhiok & Mahajan opens doors to its fourth office in Hyderabad

Chandhiok & Mahajan (C&M) is pleased to announce the opening of its fourth office at Hyderabad. Located at Shangri-La Plaza in Banjara Hills, the office can accommodate up to 10 lawyers and staff.  Competition and disputes Partner, Avinash Amarnath, has relocated from C&M’s Bengaluru office

Read More »
Sanjeev Sachdeva rejoins Luthra and Luthra’ s Senior Leadership Team as a Mentor & Partner

Luthra and Luthra Law Offices India welcomes back Sanjeev Sachdeva as a Mentor & Partner in the Firm’s Senior Leadership. Sanjeev will also be reassuming his role as a Taxation Partner. Sanjeev has been associated with Luthra Family since 2008 and played a pivotal role

Read More »
AZB & Partners Advised KKR in its Acquisition of 13.3% stake in Advanta

KKR, a leading global investment firm, and UPL Limited (“UPL”), a global agriculture solutions provider, announced the signing of definitive agreements under which KKR will invest US$300 million for a 13.33% stake in Advanta Enterprises Limited (“Advanta” or “the Company”), a subsidiary of UPL and

Read More »
Luthra and Luthra acted for IREDA in refinancing deals aggregating upto INR 3900 Million

Luthra and Luthra Law Offices India advised Indian Renewable Energy Development Agency Limited (“IREDA” or “Lender”) in separate two refinancing transactions related to financial assistances sanctioned for 18 MW  ‘Hydro Power Project’ in the State of Odisha and 100 MW “Solar Power Project” located in the State of Telangana aggregating up

Read More »
Francisco Partners scoops up bulk of IBM’s Watson Health unit

In what has to be considered an anticlimactic ending, IBM sold off the data assets of its Watson Health unit to private equity firm Francisco Partners today. The two firms did not share the purchase price, but previous reports pegged the value at around $1 billion. AZB

Read More »
Types of Bail in India | #KnowYourLaw | LawWiser

Whenever a person gets arrested the first thing that comes to one’s mind is bail. Bail refers to the provisional release of the accused in a criminal case in which the court is yet to announce the judgment. The Constitution of India states that bail

Read More »
TRENDING
Digital Piracy & Dilemma Around the Copyright Act | LawWiser - 1

As per a report by Digital TV Research, the loss of revenue for OTT players on account of piracy in India is expected to hit USD 3.08 billion by 2022, while the cost of global online streaming piracy will reach USD 52 billion by 2022.

Read More »

#WorldIntellectualPropertyDay2022 is observed on April 26 every year to create awareness about how patents, copyrights, trademarks, designs and geographical indications impact everyone. And also to celebrate innovation and creativity contributed by various creators and innovators. On the occasion of World Intellectual Property Day (April 26),

Read More »

Know all the Jazz about NFT and Art in #LawWiser‘s fireside chat. Watch the full feature on All about NFTs and Art with with renowned artist and sculptor @Arzan Khambatta and @Anuradha Chowdhary, Tech Lawyer, @Universal Legal. Anuradha very succinctly explains what NFT means and

Read More »

Lawyers are always learning and adapting to new laws. Over time depending on opportunities, they also adapt to different roles from law firm professional to independent to in-house counsel. The role of an #inhouse counsel as we know is diverse and they work with a

Read More »
Call Now ButtonCall us now!