Mumbai: CAM national funds head moves in-house

BY Aparna Sai |

Shagoofa Rashid Khan, the head of Cyril Amarchand Mangaldas’ (CAM) national funds and investments practice, has left the firm to join the National Investment and Infrastructure Fund (NIIF) in Mumbai as its group general counsel.

India: CAM, S&R, Sidley advise on housing finance firm’s $378 mln IPO

BY Aparna Sai |

Cyril Amarchand Mangaldas (CAM) has advised home loan company Aptus Value Housing Finance India on its 27.8-billion-rupee ($378 million) IPO, with S&R Associates and Sidley Austin counselling the book-running lead managers.

Indian law firms reluctant to advise on IPO of insurance giant LIC -sources

BY Reuters |

India's plans to list state-run Life Insurance Corporation (LIC) face an unusual problem: domestic law firms are shying away from advising the government, deterred by the low fees on offer at the time of a lucrative boom in corporate stock listings.

Delhi: L&L hires, loses litigation partner

BY Aparna Sai |

The Delhi office of Indian law firm L&L Partners has hired litigator Mohit Bakshi as a partner from J Sagar Associates (JSA), and also seen the exit of litigation partner Manmeet Singh to Saraf and Partners.

New E-Commerce Rules Cause for Concern Among Marketplaces

BY Aparna Sai |

In June, India’s Ministry of Consumer Affairs proposed new e-commerce rules that are expected to have an impact on online marketplace operators such as Amazon and Flipkart. These rules include limiting flash sales, reining in a private label push, compelling e-commerce companies to appoint compliance officers, and impose a fallback liability.

‘We will definitely be more profitable than we are at L&L’

BY Aparna Sai |

Veteran corporate lawyer Mohit Saraf recently established his own firm after an acrimonious split from L&L Partners, a firm that he had been a part of since 1995. He tells ALB about why Saraf and Partners, with 21 partners and offices in three cities, will be a different experience for both lawyers and clients.

Trilegal, AZB act on $915 mln India life insurance deal

BY Aparna Sai |

Trilegal has advised Exide Industries’ life insurance subsidiary,Exide Life, on its 67-billion-rupee ($915 million) sale to HDFC Life Insurance Company, which was represented by AZB & Partners.

Trilegal, SAM, AZB act on $4.7 bln Indian payments acquisition

BY Aparna Sai |

Trilegal has advised technology investor Prosus Ventures on its $4.7 billion acquisition of Indian payments gateway firm BillDesk, which was represented by Shardul Amarchand Mangaldas (SAM). AZB & Partners has counselled the selling shareholders.

Virtual Realties

BY Aparna Sai |

With in-person hearings becoming untenable due to the pandemic, courts across India have moved to virtual hearings. Lawyers say that while the experience has been pleasant so far, virtual hearings still come with their disadvantages.

ALB India Super 50 Lawyers 2021

BY Aparna Sai, Asian Legal Business |

In its second annual list, ALB showcases outstanding private practitioners in India when it comes to client service. These lawyers were selected based on client recommendations sent directly to ALB. The list is in alphabetical order, and some lawyers have been profiled.

CAM, Indus, Sidley, AZB act on Indian auto platform’s $411 mln IPO

BY Aparna Sai |

Cyril Amarchand Mangaldas (CAM) has advised India’s CarTrade Tech on its 30-billion-rupee ($411 million) IPO, with IndusLaw and Sidley Austin representing the book-runners and lead managers. AZB & Partners counselled the selling shareholders.

Hyderabad becomes latest Indian city to get arbitration centre

BY Aparna Sai |

The southern hub of Hyderabad is all set to become the latest Indian city to house an international arbitration and mediation centre, according to media reports.