Luthra And Luthra Represented Pocket Aces Pictures Private Limited In Its Acquisition By Saregama India Limited

The Firm represented, Pocket Aces Pictures Private Limited, through its board of directors (“Pocket Aces”), and its founders, Aditi Shrivastava, Ashwin Suresh and Anirudh Pandita, in relation to its acquisition by Saregama India Limited (“Saregama”), a subsidiary of RP-Sanjiv Goenka (RPSG) Group.Significance of the deal:Saregama, the legacy music label, owns the largest music archives in India, and is one of the biggest music labels in the world. It owns nearly 50% of all the music ever...

Dhir & Dhir Associates Advises India Infrastructure Finance Company Ltd On An INR 1000 Crores Takeout Finance Scheme

Dhir & Dhir Associates advised India Infrastructure Finance Company Limited (IIFCL), on the sanction and disbursement of takeout facility aggregating to INR. 1000.00 Crores under its Takeout Finance Scheme to MB Power (Madhya Pradesh) Limited, a group company of Hindustan Power. With the disbursement of the said facility, State Bank of India and Axis Bank were substituted by IIFCL facility.Dhir & Dhir Associates acted as Lenders Legal counsel to IIFCL while the existing consortium...

ZEUS Law Associates Signs MOU With CIDC In Collaboration With KRIHS And SCA To Boost Korean-Indian Construction Industry Relations

ZEUS Law Associates, a leading law firm specialising in legal consultancy and cross border transactions, proudly announces the signing of a significant Memorandum of Understanding (MoU) with the Construction Industry Development Council (CIDC) in collaboration with Korea Research Institute for Human Settlement (KRIHS), and Saudi Contractors Authority (SCA). This collaboration aims to streamline and support foreign companies seeking to establish partnerships and joint ventures in India's...

Argus Partners Advises Ind Swift Laboratories Limited On The Sale Of Its API And CRAMS Businesses And The Intermediates Manufacturing Business Of Essix Biosciences Limited To India Resurgence Fund

Argus Partners advised Ind Swift Laboratories Limited (ISLL) (a global manufacturer of APIs, Intermediates, and formulations) and its promoters on the sale of its active pharmaceutical ingredients (API) and contract research and manufacturing services (CRAMS) businesses to Synthimed Labs Private Limited (a special purpose vehicle of India Resurgence Fund) for INR 1,650 crores. Argus Partners also advised Essix Biosciences Limited in relation to the sale of its intermediates manufacturing...

Argus Partners Advises BCCI On The Media Rights Auction For International And Domestic Matches Of The Indian Cricket Team

Argus Partners has advised the Board of Control for Cricket in India (“BCCI”) on the successful auction of TV and Digital Media rights for international and domestic matches of the Indian Cricket Team for September 2023 to March 2028 cycle. The media rights have been acquired by Viacom18 Media Private Limited for a cumulative figure of Rs. 5,963 crores.Commenting on the auction, BCCI President, Mr. Roger Binny said: “The recent BCCI e-auction has unequivocally demonstrated the vigour of cricket...

Saraf And Partners Acts On Union Bank Of India QIP

In one of the largest equity capital issuances by a public sector bank, Union Bank of India has successfully raised Rs. 50,000 million by issuing 577,700,751 equity shares to qualified institutional buyers at a price of Rs. 86.55 per share on August 25, 2023.Saraf and Partners advised IIFL Securities Limited, BNP Paribas, ICICI Securities Limited, JM Financial Limited, Nuvama Wealth Management Limited (formerly Edelweiss Securities Limited), and YES Securities (India) Limited in relation to...

2023 Amendments To The IFSC Banking Regulations: Strengthening The Regulatory Framework For Banking In The IFSC

International Financial Services Centres Authority (“IFSCA”) was established on April 27, 2020 under International Financial Services Centres Authority Act, 2019. IFSCA is a unified authority for development and regulation of financial products, services, and institutions in the International Financial Services Centre (“IFSC”) in India.IFSCA Banking Regulations, 2020 (“Regulations”) is the primary legislation governing the banking and investment activities in IFSC. The Regulations cover a wide...

Kochhar & Co. Advises ReNew In A Partnership With PETRONAS, A Malaysian Headquartered Global Energy Group

Kochhar & Co. has announce their representation of ReNew Group, one of India's largest renewable energy companies in its partnership with PETRONAS’ clean energy subsidiary, Gentari. Pursuant to the transaction, Gentari acquired a minority equity stake in ReNew’s 403 MW utility scale Peak Power Project.The Kochhar Delhi (NCR) team comprising of Senior Partners Pradeep Ratnam and Chandrashekhar Tampi, Principal Associate Samad Ali, Senior Associate Priyadarshinee Singh, and Associate Shivam...

Luthra And Luthra SVL-SME Funds Investment In Nutrifresh Farm Tech India Private Limited

Luthra and Luthra law offices India represented SVL-SME Fund (Neev Funds) in relation to its investment in Nutrifresh Farm Tech India Private Limited, a leading company in the business of hydroponic farming and controlled environment agriculture.The team comprised of Partner, Jay Parikh, Managing Associate, Ayushi Toshniwal and Associate, Priyamvada Sharma.

Saraf And Partners Successfully Represents AGI Greenpac Limited In Defending Its CCI Approval For Acquiring HNGIL

Saraf and Partners successfully represented AGI Greenpac Limited and obtained a landmark order before the Hon’ble National Company Law Appellate Tribunal, New Delhi (NCLAT). The matter was in relation to the Competition Commission of India’s (CCI’s) approval of the proposed acquisition by AGI Greenpac Limited of 100% shareholding of Hindusthan National Glass & Industries Limited, which is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy...

Dentons Link Legal Acted As The Legal Counsel For IPO Of Senco Gold

Dentons Link Legal acted as the Legal Counsel to the Book Running Lead Managers, IIFL Securities Limited, Ambit Private Limited and SBI Capital Markets Limited for the Initial Public Offering of equity shares of Senco Gold Limited and an offer for sale equity shares by selling shareholder aggregating to Rs. 4,050 million. The IPO was subscribed over 77 times overall and the qualified institutional buyers components was subscribed over 190 times.Senco Gold Limited is India’s second largest...

Dua Associates Advises Nxtra Data Limited In Real Estate Transaction For setting up India’s largest data center

Last year Bharti Airtel (“Airtel”) announced plans for its subsidiary Nxtra Data Limited (“Nxtra”) to deploy low environmental impact fuel cell installation at its data center in Karnataka, making Nxtra the first data center company in India to deploy fuel cell technology to reduce carbon emissions at its data centers.Dua Associates, Bangalore advised and assisted Nxtra Data Limited, on the acquisition of property involving an investment of ₹. 1,200+ crores in Bengaluru, to set-up its second...