Luthra & Luthra law firm news

Amarchand & Mangaldas, Khaitan & Co and Jones Day have advised in a US$100m private placement of equity shares in a qualified institutional placement offering by Mahindra & Mahindra Financial Services, one of India’s leading non-banking finance companies.

“The Piramal Healthcare buyback is the largest buyback in the history of corporate India,” Amarchand & Mangaldas managing partner and lead partner of the deal Cyril Shroff said.The transaction will see a 20% buyback of equity shares listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

Ashurst, Amarchand, Luthra & Luthra and DLA Piper have acted on the US$3.4bn IPO of Coal India, India’s largest IPO to date.

Indian firm Crawford Bayley & Co has been successful in its tender to provide legal services on the follow-on public offering (FPO) of steel maker SAIL.

International firms Mayer Brown JSM, Allen & Overy and Freshfields as well as Indian firm Luthra & Luthra were the worst performers in this year’s ALB 50, our guide the largest law firms in the Asia Pacific region.

Shearman & Sterling represented Fortune 500 Indian metals powerhouse – the Aditya Birla Group –in the restructuring of its cement business (ranked the ninth largest in the world).

O’Melveny & Myers has appointed Pooja Sinha as a counsel in its Singapore office.

Six Indian law firms are engaged in an intense battle to secure the lead advisory role on the Indian government's divestment of its shares in consultancy firm Engineers India.

Clifford Chance senior associate Sudipta Routh has quit the firm to take up partnership with Indian firm Luthra & Luthra in Mumbai and head up its private equity and M&A practice.

Hua Xia is looking to raise US$3bn through share placements; its selected institutional investors include steel mill Shougang Corp, State Grid and Deutsche Bank.

华夏银行近期向首钢总公司、国网资产管理有限公司和德意志银行卢森堡股份有限公司总计定向增发18.59亿股。华夏由共和律师事务所提供法律服务而首钢则由富而德作为代表律所。

A plan by the Indian government to sell off stakes in state-owned companies has been good news for both international and local firms over the last year

Skadden has appointed Audrey Sokoloff as co-head of its Asia-Pacific practice.

Indian firms Amarchand & Mangaldas and Luthra & Luthra have helped the Indian government sell off its US$1.8bn equity stake in the country’s largest energy company, NPTC.

Luthra & Luthra, AZB & Partners and Skadden return on the US$82m IPO of Indian media company DB Corp, after advising on the company’s delayed IPO in 2007.

Trade between China and India is set to reach US$60bn before the year is out and this growing market has opened up a new world of opportunity for law firms.

年底前，中印间的贸易额将达到600亿美元，这一发展中市场已为律所开启新的机遇之门。

Companies continue to search for distressed motor vehicle assets overseas, and the latest acquisition is that of Delphi Ride Dynamics and Brakes’ assets by Shougang Corporation, which was represented by Vinson & Elkins.

首钢集团与美国德尔福公司达成协议，将收购德尔福的减振和制动业务。在此次交易中，文森•艾尔斯律师事务所担任首钢集团的牵头法律顾问。

Indian firm Khaitan & Co has boosted its New Delhi partnership with the appointment of corporate lawyer Gauri Rasgotra, who has rejoined the firm after spending two years in the US.