Deal News
Luthra And Luthra Advised Orchid Pharma With Its QIP Worth INR 400 Crores
The Firm’s Capital Markets team advised Orchid Pharma Limited, a Tamil Nadu based pharmaceutical manufacturing company, in connection with its qualified institutions placement of 9,902,705 equity shares aggregating to ₹400 crore. The lead managers to this QIP were Edelweiss Financial Services Limited and JM Financial Limited.The transaction team was led by Partner, Geeta Dhania, with due assistance from Senior Associate, Tripti Pandey, and Associates – Sakshi Mandal, Ridhi Jain, Shreeya...
Luthra And Luthra Advises TeamLease And Edelweiss In Connection With Buyback Of Equity Shares
Luthra And Luthra's capital markets team advised TeamLease Services Limited, a Bangalore based company engaged in the business of human resource and employment services (the “Company”) and Edelweiss Securities Limited (the “Manager to the Buyback”) in connection with the Company’s offer to buy back up to 3,27,869 fully paid-up equity shares of the Company of face value of ₹ 10 each, representing 1.92% of the equity shares in the existing total paid-up equity capital of the Company from all...
Saraf And Partners Acts On Sale By Fortis Healthcare Of Its Hospital Situated At Chennai To Kauvery Hospitals
Fortis Healthcare Limited has entered into a definitive agreement with Sri Kauvery Medical Care (India) Limited for sale of its hospital (together with its business operations) situated at Arcot Road, Vadapalani, Chennai, Tamil Nadu, for a consideration of USD 18.5 million/INR 152 crores.The Arcot Road Hospital which is located on leased premises currently has 110 operational beds with a potential to scale up to 200 beds.Saraf and Partners acted for Fortis Healthcare on all aspects of the deal...
Singhania & Partners And Pioneer Legal Assisted In Acquisition Of FutureproofAI By Blend 360
Singhania Partners LLP represented FutureproofAI, Inc., a provider of specialised technology consulting, in its recent acquisition by Blend360, LLC, a provider of data science solutions, with Dipak Rao (Senior Partner), Gunjan Gupta (Associate Partner), and Nishita Arora (Associate) serving as members of the transaction team.S&P LLP provided assistance and advisory on issues pertaining to FutureproofAI, Inc.'s Indian subsidiary (FutureproofAI India Private Limited), including but not limited...
Luthra And Luthra Advises AMP Energy On Its Investment Of Up To USD 250 Million
Luthra and Luthra Law Offices India (Firm) advised AMP Energy India Private Limited (AMPIN) in connection with its investment from Intermediate Capital Group PLC through its Singapore based affiliate fund Atlanta Investment Pte. Ltd. (ICG), Sumitomo Mitsui Banking Corporation (SMBC), and Asian Infrastructure Investment Bank (AIIB) of up to USD 250 million (approximately INR 20.6 billion) through primary issuance of equity securities.The transaction team comprised of Avirup Nag (Partner), Ankit...
Obhan & Associates Represents Spectacom Global In Its Pre-Series A Funding By Rainmatter Health
Spectacom Global Private Limited (''Spectacom Global'') is a start-up operating in the wellness space, that creates path breaking health and fitness digital content and online training programmes. Spectacom Global owns BunkerFit, a state of the art, integrated and India's only vernacular holistic health and wellness app, which offers comprehensive modules on yoga, mindfulness, nutrition etc. Spectacom Global also holds a majority stake in Devils Circuit, India's largest obstacle running series,...
S. Jalan & Co. Boosts Up Young Attorneys To Senior Positions
S. Jalan & Co., tracing its origin to 1950, is one of India's oldest and best-known firms. Its Founder, Late Mr. Shyamanand Jalan, a Senior Solicitor, was a legendary figure in the Indian legal circle for his involvement as Solicitor in the Calcutta High Court and Supreme Court matters and his work as a leading Real Estate Law Expert. While announcing the Firm Promotions for FY24, the Firm has strategically strengthened its support talent including Associate Partners, Principal ...
Obhan & Associates Advises Forest Essentials In Onboarding Teenage Social Media Influencer, Maleesha Kharwa
Forest Essentials, a leading manufacturer of luxury ayurvedic skincare, haircare and beauty products has onboarded Maleesha Kharwa, the 14-year-old social media influencer from Dharavi, Mumbai as the face for its new campaign ‘The Yuvati Collection’—a social initiative that aims to "empower young minds".Obhan & Associates acted as the legal counsel to Forest Essentials and were responsible for drafting and negotiating the agreement with Maleesha’s guardian and legal representatives.The...
Luthra And Luthra Advised Cotonificio In Divestment Of Its Share In Raymond Luxury
The Firm represented and advised its client, Cotonificio Honegger S.p.A., Italy (“Cotonificio”), in divesting its entire stake in ‘Raymond Luxury Cottons Limited’, a joint venture with Raymond Limited. The joint venture is in the business of high-value cotton shirting and has manufacturing facilities in Kolhapur and Amravati in Maharashtra.Raymond Limited and the joint venture entity were advised by Gianni & Origoni on matters relating to Italian law, and by Shardul Amarchand Mangaldas on...
Luthra And Luthra Advised Atozlearn Edutech Private Limited (Ixambee) In Its INR 11 Crore Pre-Series A Fundraise
The Firm recently advised Atozlearn Edutech Private Limited (ixamBee) in its INR 11 crore Pre-Series A fundraise led by S Chand & Company Limited (S Chand) and Mukesh Sharma Family Trust, including an infusion from existing investor Inflection Point Ventures. The funding round also consisted of a secondary transaction of INR 3 crore.The transaction team was led by Senior Associate, Sidhartha Jatar and ably assisted by Associate, Shaurya Jakher.
Dentons Link Legal Advises Lenders With The Restructuring Of Outstanding Debt On PSRDCLU Under RBI’s Prudential Framework And Infrastructure Leasing & Financial Services Limited
Dentons Link Legal is advising and assisting the lenders with the restructuring of the outstanding debt on and around INR 2000 Crores of M/s. Pune Sholapur Road Development Company Limited (PSRDCL) under Reserve Bank India’s Prudential Framework and Infrastructure Leasing & Financial Services Limited (IL&FS) Resolution Framework proposed by Government of India. PSRDCL, a SPV of the IL&FS group had been awarded concession by the NHAI, for development of 4-Laning the existing...
Ex-Parte Ad Interim Injunction Granted In Favor Of Rasna Private Limited Concerning The Impugned Trademark ‘RASNA’
Rasna Private Limited, a pioneer in soft drink concentrate in India, has instituted a suit seeking permanent injunction against a defendant for infringement and passing off of its goods under the plaintiff's registered trademark "RASNA". The suit also seeks damages under The Trademarks Act, 1999. The plaintiff has been spearheading the industry since 1970 through their predecessors, and the trademark RASNA is registered for goods falling under Class 29, 30, 31, 32 and various other...