Cyril Amarchand Mangaldas Delhi Corporate Partner Manishi Pathak has resigned from the firm. Confirming this development, Managing Partner Cyril Shroff, said, "Manishi is a fine gentleman and we wish him the best in future." Manishi Pathak was not available for comment at the time of publishing the news. Manishi joined the firm in 2015 post-Amarchand Mangaldas […]
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Cyril Amarchand Mangaldas Technology, Media and Telecom Partner Asim Abbas is leaving the firm. Confirming Asim Abbas' exit, Managing Partner Cyril Shroff said, " We wish Asim all the best." Abbas has over 22 years of experience in the Telecommunication sector, and has also been a policy maker in the Department of Telecommunications, Ministry of Communications, […]
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Cyril Amarchand Mangaldas Partners Kirat Nagra and Rishi Anand, who had resigned from the firm in November 2018, have joined DSK Legal as Partners. Both Nagra and Anand would be joining DSK along with the teams that worked with them in Cyril Amarchand Mangaldas. Anand Desai, Managing Partner, DSK Legal said,
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Chinese ride-hailing giant Didi Chuxing has recently invested $100 million in hospitality chain Oyo Hotels & Homes. This brings to a close Oyo’s $1 billion financing round led by existing backer SoftBank Vision Fund, which has pumped $800 million into the company along with the existing investors. Singapore-based transportation major Grab infused $100 million in […]
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Cyril Amarchand Mangaldas has launched Prarambh, India’s first legal technology incubator. Launched with a view to supporting innovation in the field of legal technology, the Prarambh initiative will aid young entrepreneurs in coming up with new technology-based solutions for the legal industry. Managing Partner of Cyril Amarchand, Cyril Shroff said in a press release, “Our Firm […]
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Northern Arc Capital, a debt capital platform for financial institutions serving excluded individuals and businesses, has raised ₹910 crore ($130 million) from IIFL Special Opportunities Fund and Standard Chartered Private Equity. Khaitan & Co acted for Northern Arc Capital and the team was led by Partner Akshay Bhargava along with Principal Associate Vidushi Gupta and Associate […]
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The Embassy Office Parks REIT IPO, backed by global private equity firm Blackstone Group and Bengaluru-based developer Embassy Property Developments Pvt Ltd, was subscribed 2.57 times during its initial share sale between March 18 and 20. The IPO saw the REIT raise a total of ₹4,750 crore (US$690 million). This is the first ever Real Estate Investment […]
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Cyril Amarchand Mangaldas (CAM) has launched an Institute of Learning called ‘CAM Gurukul’ to upskill members of the Indian legal and business fraternity. This pioneering initiative will be open for legal counsels and business managers of India Inc. CAM Gurukul will be run from Mumbai and Delhi initially. Those desirous of undergoing training at CAM Gurukul […]
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Quess Corp's Conneqt Business Solutions unit is acquiring a majority stake in Allsec Technologies. The transaction is valued at approximately Rs. 271 crores. Conneqt will buy 35.35% of the company from the promoters and 26% from First Carlyle Ventures Mauritius, taking its holding in the company to 61.35%. Under SEBI guidelines, Quess will make an open […]
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Former Deutsche Bank senior executive Bhupinder Singh’s NBFC InCred has raised Rs. 600 crore in a funding round led by Dutch development finance institution FMO. The round also saw participation from US-based asset manager Moore Capital, India and Latin America-focused PE fund Elevar, and Alpha Capital, an existing investor of InCred, reported Mint. Trilegal advised […]
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Richa Roy has joined Cyril Amarchand Mangaldas (CAM) as a Partner in the IBC and Policy Practice. She will be based out of Mumbai. She has over 12 years of experience in Banking and Finance, Debt Restructuring and Bankruptcy, Public Policy, Microfinance, and Social Enterprises, Private Equity, Funds. She has served on and contributed to […]
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Malaysia’s state-run oil and gas company, Petronas has acquired Amplus Energy Solutions Pvt. Ltd, one of India’s largest rooftop solar power producers. While New York-based I Squared Capital holds over a 90% stake in Amplus, the balance is held by the management team led by Amplus founder and chief executive officer Sanjeev Aggarwal, reported Mint. […]
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Vodafone Idea has raised 25,000 crores (US$3.6 billion) through a Rights Issue. The Vodafone Idea rights issue is the largest rights issue to date in India and the first capital raising by Vodafone Idea post the merger of Vodafone India and Aditya Birla owned Idea Cellular. S&R Associates advised Vodafone Idea and the team was […]
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Cyril Amarchand Mangaldas has hired Khaitan & Co’s Abhishek Sharma as a Partner in Mumbai to co-head the firm’s Real Estate practice. He will jointly head the Real Estate practice with Namrata Kolar, who is based out of Bangalore. Sharma brings with him 17 years of experience and specialises in commercial and residential Real Estate transactions in and […]
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UV Asset Reconstruction Company Ltd (UV ARC) has received approval of the lenders to Aircel Ltd to buy the debt-laden telecom company as well as its units Aircel Cellular Ltd and Dishnet Wireless Ltd for Rs 150 crore. The Committee of Creditors (CoC) of Aircel approved UV ARC’s offer with a nearly 74% vote. UV […]
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Cyril Amarchand Mangaldas, announces the promotion of 19 partners and 4 partner designates with effect from July 1, 2019. With these inductions, the firm’s partnership strength now stands at 132 nationwide, across its 6 offices. Capital Markets Devaki Mankad – GNLU 2009 S. Vivek – NLSIU 2010 Corporate Aishwarya K – NLSIU 2010 Bharath Reddy […]
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A Goldman Sachs-led group of investors has pumped Rs 1,300 crore into GVK’s airport development unit that could help the company tide over upcoming debt repayments. Goldman Sachs has invested in nonconvertible debentures (NCDs) of the group’s airport holding company, which houses its 50.5 percent stake in MIAL. Some of the funds will be used […]
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Two Indian lawyers are among fourteen members freshly inducted into the Singapore International Arbitration Centre’s (SIAC) Court of Arbitration. Shardul Amarchand Mangaldas Partner Tejas Karia and Cyril Amarchand Mangaldas Partner Shaneen Parikh are among those who have been made members. Karia has over 19 years of experience and leads the Arbitration practice at Shardul Amarchand. […]
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Shardul Amarchand Mangaldas & Co advised in the setting up of Oriental InfraTrust, a private infrastructure investment trust set up under the SEBI (Infrastructure Investment Trusts) Regulations, 2014. Oriental InfraTrust has been set up with an initial portfolio of assets comprising five operational national highway road projects, granted under NHAI concessions. The projects, owned by […]
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Cyril Amarchand Mangaldas' Nikunj Maheshwari has joined AZB & Partners as a Partner in its Banking & Finance practice. Maheshwari is a 2008 graduate of Symbiosis Law School, Pune. He has previously worked at the erstwhile Amarchand Mangaldas. Post the firm's split, he joined Cyril Amarchand Mangaldas, where he was made Partner in September 2018.
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