INDIRECT TAX

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 »
Luthra and Luthra advises National Medical Billing on acquisition of MedTek, LLC and Avontix

Luthra and Luthra Law Offices India represented National Medical Billing Services (“National Medical”), an industry leading healthcare revenue cycle management (“RCM”) company serving the surgical market, in its acquisition of MedTek, LLC (“MedTek”)and its Indian wholly-owned subsidiary Avontix Global Private Limited (“Avontix”), which are leading providers

Read More »
Adani Ports acquires 49.38% stake in Indian Oiltanking for Rs 1,050 crore

Adani Ports and Special Economic Zone Ltd (APSEZ) has entered into a definitive agreement for the acquisition of Oiltanking India GmbH’s 49.38 percent equity stake in Indian Oiltanking Ltd (IOTL), which is one of India’s largest developer and operator of liquid storage facilities. AZB &

Read More »
AZB and Partners Advises Ravindra Energy On Solar Captive Projects

AZB & Partners advised Ravindra Energy Limited on the development of three solar captive projects in Maharashtra for three group companies and partnership entity of Mutha Group.  The Mutha Group entities intend to buy power, as captive consumers, from these captive projects which are to

Read More »
Difference Between FIR & Complaint | #KnowYourLaw | LawWiser

We all know that crime often creates an alarming situation in our society. When we talk about crime, we often hear two terms quite often – FIR & Complaint. Most people think that they are similar in nature. There are differences between the both and

Read More »
DSK Legal advised i3 Verticals in Completing its Public Sector Acquisition; Upsizes Credit Facility

DSK Legal advised i3 Verticals, Inc. (“i3”) on Indian-leg of its acquisition of a leading provider of enterprise software solutions for the motor carrier and motor vehicle markets in the U.S. States and Canada, with effect from October 1, 2022. This is i3’s second largest acquisition

Read More »
CCI approves Carlyle, Advent Groups investment proposals in Yes Bank

CA Basque, part of Carlyle Group, and Verventa Holdings, part of Advent Group, were allowed to buy up to 10% stake in Yes Bank The Competition Commission of India (CCI) has given its nod for CA Basque Investments, part of the Carlyle Group, and Verventa

Read More »
KKR To Acquire 9.99% Stake In Shriram General Insurance

Global private equity major KKR & Co has signed a definitive agreement to acquire a 9.99% stake in Shriram General Insurance taking forward the Shriram Group’s plan to spin its insurance business into a separate entity.  AZB & Partners advised KKR in its acquisition of

Read More »
Warburg Pincus To Invest $210 Mn In Medical Devices Firm Micro Life Sciences

New York-based private equity player Warburg Pincus, through its Dutch affiliate South Elm Investments B.V., has signed a definitive agreement to invest approximately $210 million (~ Rs 1,500 crore) for a minority stake in Micro Life Sciences Private Limited, parent organization of Meril group of

Read More »
AZB & Partners advised Singapore's SATS To Acquire Worldwide Flight Services And Become Largest Air Cargo Handler

Singapore-based SATS has announced that it will purchase Worldwide Flight Services (WFS) in an all-cash deal for €1.19 billion ($1.15bn). WFS is the world’s largest air cargo handling firm with a strong presence in North America and Europe, complimenting SATS’ dominance in Asia. Here’s more on the massive

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!