The Amazon-Reliance Battle Escalates
U.S giant Amazon’s face-off against India’s Reliance over Future Retail has grabbed attention in India and beyond. Amazon, eager to make a dent in India — one of the world’s fastest-growing retail markets, is now locked in a protracted, complex legal battle of more than a year with Future, stalling its $3.4 billion sale to Reliance, owned by India’s richest man Mukesh Ambani. After colourful courtroom exchanges, in early March both companies agreed to hold discussions to resolve their dispute, but these too appear to have failed. All the while, lawyers are eagerly watching the developments unfold.
Khaitan, AZB, K Law, Desai & Diwanji advise on $490 mln India solar power deal
Khaitan & Co, AZB & Partners and K Law have advised Reliance New Energy Solar (RNESL) and Reliance Industries (RIL) on RNESL’s 36-billion-rupee ($489 million) acquisition of stake in Sterling & Wilson Solar which was represented by Desai & Diwanji.
AZB, Cyril, Khaitan, Link Legal act on $312 mln India telecom deal
AZB & Partners, Cyril Amarchand Mangaldas and Khaitan & Co have advised Indian oil-to-telecoms conglomerate Reliance Industries and its subsidiaries on its $312 million acquisition of a 66 percent stake in local cable TV and Internet service providers Den Networks.