India
October 8, 2024
AZB & Partners acted for Accenture on its acquisition of 100% of Bangalore-based chip design company Excelmax Technologies Pvt Ltd., with a view to expand its growing silicon design and engineering capabilities.
Our AZB team comprised our Senior Partners Vaidhyanadhan Iyer and Bhuvana Veeraragavan, Senior Associates Anshuman Bharadwaj and...
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India
October 1, 2024
AZB & Partners is acting for Oravel Stays Limited and its group entities (“OYO Group”), on the proposed acquisition of G6 Hospitality, operator of Motel 6 and Studio 6, from Blackstone in USA, for USD 525 million.
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India
September 24, 2024
AZB & Partners advised Fortum on restrictions under Indian law governing documents in relation to divestment of its entire shareholding in Chempolis Oy and Fortum 3 B.V. AM Green has acquired shares of Fortum in these entities with an investment of ≈ USD 1 billion with a vision of producing 0.5 million tonnes per annum of Sustainable Aviation...
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India
September 19, 2024
AZB & Partners advised Patanjali Ayurved Limited and Patanjali Parivahan Private Limited, promoters of Patanjali Foods Limited ("Sellers"), on the sale of its equity shares for an amount aggregating to INR 20 billion. The sale took place on the floor of stock exchange via the screen-based trading platform. Jefferies India Private...
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India
September 18, 2024
AZB & Partners advised and represented Swades Foundation, a non-profit organization, as the sole counsel on the listing of zero coupon zero principal instrument of face value of INR 1 each aggregating up to INR 10 crores on the social stock exchange (SSE) of National Stock Exchange. This is the biggest issue size by a not-profit organization and...
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India
September 16, 2024
AZB & Partners recently advised and represented Jefferies India Private Limited and JM Financial Limited as the book running lead managers to the qualified institutions placement of equity shares by Sona BLW Precision Forgings Limited, for an aggregate amount of ₹ 24 billion.
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India
September 13, 2024
AZB & Partners acted for Oravel Stays Limited (OYO India) on its acquisition of 100% shareholding of Checkmyguest from its existing shareholders by way of secondary purchase involving a cash and stock transaction.
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India
September 11, 2024
AZB & Partners recently advised and represented Max Estates Limited (“the Company”) for the qualified institutions placement of equity shares by the Company, for an aggregate amount of INR 800 crores.
The deal team comprised our senior partners, Varoon Chandra and Agnik Bhattacharyya; our senior associates, Aratrika Choudhuri and Rajat...
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India
September 10, 2024
AZB & Partners successfully represented Standard Chartered Bank (Singapore) Limited (“SCB/Respondent”) before the Supreme Court in an appeal filed by the suspended director (“Appellant”) of RCI Industries & Technologies Ltd. (“RCI”) challenging the order of NCLAT upholding the initiation of CIRP under the IBC against RCI. The Supreme Court...
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India
September 9, 2024
AZB & Partners is advising Max Estates on New York Life Insurance’s proposed acquisition of 49 percent stake in two commercial projects of Max Estates for INR 388 crore.
Our deal team comprises our Senior Partner Anil Kasturi, Partners Anisha Shridhar and Anshuman Vikram Singh, Associates Sheetal Aery and Gunjan Hariramani, with support from...
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India
September 5, 2024
AZB & Partners advised Perfect Day Inc. on sale of 50% shares of Sterling Biotech to Zydus Animal Health and Investments Limited, a subsidiary of Zydus Lifesciences.
Our deal team comprised our Senior Partners Hardeep Sachdeva and Ravi Bhasin, Partner Sudish Sharma, Senior Associate Gursimran K. Kohli, Associates Druheen Mohanty and Ananya...
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India
September 3, 2024
AZB & Partners was successful in securing a dismissal order from the National Company Law Tribunal, Ahmedabad in an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 against its client, Detox India Private Limited.
Copy of the order dismissing the application is accessible at
AZB Team comprised of Anuja...
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India
September 2, 2024
AZB & Partners acted for Hong Kong based China Lodging Holdings (HK) Limited (a part of Huazhu Hotels Group, operating in Asia under the brand name ‘H World’) on its partial exit from Oravel Stays Limited (OYO) and sale of equity shares of OYO to Incred Wealth and Investment Services Private Limited.
Our deal team comprised our Senior...
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India
August 30, 2024
AZB & Partners acted for Oravel Stays Limited (‘OYO’) on its ongoing Series G funding round. OYO has raised a total of more than USD 25 Million from Ask Financial Holdings Private Limited, Incred Wealth and Investment Services Private Limited and J&A Partners.
Our deal team comprised our Senior Partner Niladri Maulik, Partner Anshuman Vikram...
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India
August 29, 2024
AZB & Partners has been advising Amazon on the recent beta launch of Rufus, its new generative AI-powered conversational shopping assistant, which will use AI to personalize user's shopping journey. Rufus has been trained on Amazon's vast product catalog and web information, basis which it has been trained to answer user questions, compare...
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India
August 29, 2024
AZB & Partners recently advised Internet Fund III Pte Ltd (an affiliate of Tiger Global Group) as a selling shareholder in the initial public offering by Ola Electric Mobility Limited which aggregated to INR 61,455.59 million.
The book running lead managers to the IPO were Kotak Mahindra Capital Company Limited, BofA Securities India...
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India
August 28, 2024
AZB & Partners represented the Walt Disney Company and Star India Private Limited in securing the approval of the Competition Commission of India (CCI) for the USD 8.5 billion merger of Viacom18 and Disney’s Indian media businesses. The approval is subject to the compliance of certain voluntary modifications.
Our competition team was led by...
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India
August 27, 2024
AZB & Partners has acted for Craftsman Automation Limited, a manufacturer of components for automotive & industrial engineering sectors, on its acquisition of a residual 24% stake in DR Axion India Private Limited (‘DRAIPL’). Post completion of the transaction, DRAIPL has become a wholly owned subsidiary of Craftsman Automation Limited.
Our...
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India
August 27, 2024
AZB & Partners advised Greenizon Agritech Consultancy Private Limited (Jai Kisan), on its acquisition of a majority stake in the Kushal Finnovation Capital Private Limited, a non-banking financial company.
The deal team comprised our Senior Partners Vaidhyanadhan Iyer and Gautam Ganjawala, Partner Karthik Mudaliar and Associates Sanghamitra...
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India
August 27, 2024
AZB & Partners represented Dr. Agarwal’s Health Care Limited (‘AHCL’) in its joint venture with Thind Eye Care for providing ophthalmological diagnostic and surgical services and operating state-of-the-art super specialty hospitals in the territories of Punjab, Himachal Pradesh and Chandigarh.
Our deal team comprised our Senior Partner...
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India
August 22, 2024
AZB & Partners advised Ravindra Energy Limited on the development of a solar captive project in Hingoli, Maharashtra for Hindustan Composites Limited (“HCL”). HCL intends to buy power, as captive consumer, from the captive project which is to be commissioned by March 2025. This is part of the C&I portfolio being developed by Ravindra Energy...
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India
August 22, 2024
AZB & Partners represented the promoter of Kalyan Jewellers India Limited in a transaction involving purchase of 2.36 percent stake from Highdell Investment Limited (Warburg affiliate) for INR 1,300 crores.
Our deal team comprised of our Partners Siddharth Khanna and Varun Lamba, along with Senior Associate Shubham Toshniwal. They were...
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India
August 22, 2024
AZB & Partners successfully represented Reliance General Insurance Company Limited (“RGIL”) and defeated a summary judgment application under Order XIII-A of the Code of Civil Procedure, 1908, filed by Future Generali India Insurance Company Limited (“FGIL”) before the Bombay High Court (“Court”). The commercial suit was filed by FGIL seeking...
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India
August 20, 2024
AZB & Partners acted for Warburg Pincus on its recent acquisition of a majority equity stake in furniture fittings maker Ebco Private Limited.
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India
August 13, 2024
AZB & Partners acted for Accenture on its recent acquisition of silicon design and engineering services company Cientra, to expand its silicon design capabilities.
Our deal team comprised our Senior Partners Vaidhyanadhan Iyer and Bhuvana Veeraragavan, Senior Associate Farah Titina, Associates Avani Laad, Tarini Mehtani and Niranjan Kumar....
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India
August 9, 2024
AZB & Partners is advising the EV ride hailing company Blu-Smart in its Pre-Series B Funding Round wherein existing and new investors including responsAbility fund, Switzerland, MS Dhoni Family Offices, Renew Power CEO Sumant Sinha, are proposing to invest upto USD 24 million. The funds will be used to expand Blu-Smart’s operations and build...
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India
August 9, 2024
AZB & Partners advised Avenir Management Company, LLC on their investment of USD 50 million in a USD 665 million fund raise by Kiranakart Pte Ltd. (Zepto).
Our deal team comprised our Senior Partner Ashwath Rau, Partner Jasmin Karkhanis, Senior Associate Soham Roy and Associate Tushar Anand. They were supported by Partner Aditya Alok on the...
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India
July 30, 2024
AZB & Partners acted for Accenture on its recent strategic alliance and acquisition of a minority investment in ANSR, a leader in developing strategic Global Capability Centers (GCCs).
Our deal team comprised of our Senior Partner Vaidhyanadhan Iyer, Partner Vasudha Asher, Senior Associate Sana Nagar and Associate Avani Laad, with support...
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India
July 29, 2024
AZB & Partners represented Mitsui on their acquisition of a strategic stake in SATS Food Solutions India, as part of the food and retail solutions businesses partnership between Mitsui and SATS. SATS is a major airline service provider, and Mitsui will hold a 15% stake in the joint venture which will engage in the business of food manufacturing...
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India
July 29, 2024
AZB & Partners represented Mankind Pharma Limited, a listed company, on the proposed acquisition of 100% stake in Bharat Serum from Advent for approx 13,630 crores.
Our deal team comprised our Senior Partner Vaidhyanadhan Iyer, Partner Sneha Nagvekar, Senior Associate Sana Nagar, Senior Associate Karun Jhangiani, Associates Shivam Gupta and...
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India
July 26, 2024
AZB & Partners represented KKR in their recent acquisition of a majority stake in Baby Memorial Hospital Limited, which is one of the leading regional multi-specialty hospital chains in South India that provides comprehensive services with specialized treatment across 40 medical and surgical departments including cardiology, oncology, neurology,...
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India
July 26, 2024
AZB & Partners represented Poland-based salmon company Koral S.A., and its shareholders Abris Capital Partners and Boguslaw Kowalski, the company’s founder, on Koral’s recent sale to Captain Fresh.
Our deal team comprised our Senior Partner Srinath Dasari, Counsel Adoksh Shastry, Senior Associate Mridula Sriram, Associates Ritum Kumar and...
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India
July 24, 2024
AZB & Partners advised Bain Capital Private Equity L.P. on the Indian law aspects of its acquisition of PowerSchool Inc. along with all its subsidiaries in a transaction valuing PowerSchool Inc. at USD 5.6 billion. PowerSchool Inc. is a public company listed on the New York Stock Exchange and is a leading provider of cloud-based educational and...
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India
July 22, 2024
AZB & Partners represented ONGC Videsh Limited (OVL), a Schedule ‘A’ Navaratna Central Public Sector Enterprise, in a cross-border transaction of acquiring: (i) Equinor Apsheron AS’ participating interest (PI) in Azeri-Chirag-Deepwater Gunashli oil fields (ACG Oil Field); (ii) Equinor Apsheron AS’ shareholding in AIOC and GPC (both Cayman Island...
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India
July 18, 2024
AZB & Partners acted for Leap Green Energy Private Limited (a renewables platform based in Tamil Nadu that focuses on providing clean energy solutions to commercial and industrial customers) (“LGE”) and the Promoters of LGE, on the acquisition of 100% of its share capital by Brookfield (through its affiliated entities) from its existing...
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India
July 18, 2024
AZB & Partners represented TRG, a shareholder with majority stake in Indian renewable power firm Leap Green Energy, for sale of its majority shareholding to Brookfield.
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India
July 17, 2024
AZB & Partners represented TA Associates in their recent strategic growth investment in Vastu Housing Finance.
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India
July 16, 2024
AZB & Partners recently advised the investor selling shareholder, BC Investments IV Limited (an affiliate of Bain Capital), on the successful initial public offering by Emcure Pharmaceuticals Limited, comprising fresh issuance and offer for sale of equity shares for an amount aggregating to INR 19,520 million.
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India
July 16, 2024
AZB & Partners acted for Oravel Stays Limited (“OYO”) on the issuance of certain Series G preference shares to InCred, on a fully diluted basis for a consideration of USD 50 Million. OYO is engaged in the business of providing a technology platform to customers for hotel and accommodation bookings owned by third parties.
Our deal team...
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India
July 15, 2024
AZB & Partners advised General Catalyst on Indian legal and regulatory aspects of their acquisition of the India focused early-stage investor, Venture Highway.
Our deal team comprised our Senior Partner Ashwath Rau, Partner Aditya Alok, Senior Associate Shivani Goel and Associate Shubhi Maheshwari. They were supported by our Senior Associate...
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India
July 11, 2024
AZB & Partners recently advised Bansal Wire Industries Limited on its initial public offering, which was undertaken by way of a fresh issue of equity shares for an amount aggregating to ₹ 7,450 million. The book running lead managers to the initial public offering were SBI Capital Markets Limited and DAM Capital Advisors Limited.
The AZB...
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India
July 9, 2024
AZB & Partners advised BlackRock, Inc. on the Indian aspects of their proposed acquisition of 100% of Preqin Holding Limited and its subsidiaries, for a consideration of approximately USD 3.2 billion, with an aim to expand BlackRock’s Aladdin tech business into the private markets data segment.
Our deal team comprised our Senior Partner...
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India
July 9, 2024
AZB & Partners acted for Bain Capital, which sold its entire residuary ownership of 3.59% in L&T Finance Limited by way of block deals, at an aggregating gross consideration of USD 180 million (approximately).
Our deal team comprised our Senior Partners Anil Kasturi and Nandita Govind, Senior Associate Rohit Dutta and Associate Saksham...
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India
July 9, 2024
AZB & Partners assisted Alfanar India for installation of smart meters with Esyasoft Technologies Private Limited. Alfanar India was awarded two smart metering projects by the Madhya Pradesh DISCOMs (Bhopal and Jabalpur) for around 2 million smart meters under competitive bidding regime. The transaction is significant given that the role of...
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India
July 9, 2024
AZB & Partners is represented TPG on the India leg of its proposed acquisition of a controlling stake in Altimetrik, which is a significant strategic investment for TPG.
Our deal team comprised of our Senior Partners Vaidhyanadhan Iyer and Bhuvana Veeraragavan, Senior Associate Mridula Sriram, Associates Raina Kanungo, Yash Anand and Shivani...
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India
July 9, 2024
AZB & Partners acted for Peak XV Partners on AI health startup Cloudphysician’s recent fund raise led by Peak XV.
Our deal team comprised our Senior Partners Srinath Dasari and Nanditha Gopal, Senior Associate Karishma Dugar, Associates Ritum Kumar and Naga Sai Srikar HK....
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India
July 9, 2024
AZB & Partners advised Decision Point Private Limited in India, Chile and Mexico in its 100% sale to Latent View Analytics Limited. Decision Point is a leader in AI-led Business Transformation and Revenue Growth Management (RGM) solutions with 300+ employees worldwide. Latent View Analytics Limited is a global data analytics company especially...
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India
July 9, 2024
AZB & Partners recently advised Allied Blenders and Distillers Limited and the Promoter Selling Shareholders, Bina Kishore Chhabria, and Resham Chhabria Jeetendra Hemdev, on its initial public offering, which was undertaken by way of a fresh issue and an offer for sale for an amount aggregating to ₹ 15 billion.
The book running lead managers...
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India
July 9, 2024
AZB & Partners advised Warburg Pincus from an Indian law perspective on its investment, with participation from Accel, in the approximately $350 million fund raising by CData Software.
Our deal team comprised our Senior Partner Vaidhyanadhan Iyer, Partner Jeet Chaudhuri, Associates Shivani Shenoy, Jay Singhee, Akanksha Khandelwal and Rishav...
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India
June 13, 2024
AZB & Partners represented The Rise Fund (founded by TPG) in connection with the US$ 275 investment by IFC, ADB and DEG consortium in Fourth Partner Energy Private Limited, a C&I-focused renewable energy company.
Our deal team comprised our Senior Partner Nandish Vyas, Partner Malaveeka Chakravarthy, Senior Associate Vyoma Mehta and Associate...
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India
June 6, 2024
AZB & Partners represented Tata Motors, a company with US 44 billion market capitalisation, for the restructuring involving demerger of their entire commercial vehicle business out of Tata Motors and merging the passenger vehicle business with Tata Motors. The reorganisation will result in creation of two listed companies with one housing the...
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India
May 31, 2024
AZB & Partners acted for A. O. Smith India Water Products Private Limited and A. O. Smith Corporation on its acquisition of Unilever and HUL’s water purification business in India, Bangladesh, Sri Lanka, Vietnam and Mexico carried under the brand ‘Pureit’.
Our AZB deal team comprised our Senior Partners Anil Kasturi, Niladri Maulik and Mr....
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India
May 16, 2024
AZB & Partners advised Accenture on all Indian law aspects of its acquisition of Camelot Management Consultants, an international SAP-focused management and technology consulting firm.
Our deal team comprised of our Senior Partner Vaidhyanadhan Iyer, Partner Vasudha Asher, Associates Deepti Narayanan and Shivam Gupta....
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India
May 13, 2024
AZB advised Vista Equity Partners, an American private equity firm, on its acquisition of Model N, a provider of revenue optimization and compliance for pharmaceutical, medtech, and high-tech innovators, for USD 1.25 billion.
Our deal team comprised our Senior Partner Ashwath Rau, Partner Jasmin Karkhanis, Senior Associate Soham Roy and...
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India
May 7, 2024
AZB & Partners advised KKR on the divestment of a ~17% stake in India Grid Trust for ~US$ 215 million, which was completed by way of an offer for sale (OFS) process on the floor of a stock exchange. This marks the first OFS that was successfully completed for a public listed InvIT.
Our M&A transaction team comprised our Senior Partners...
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India
May 1, 2024
AZB & Partners represented promoters of Anshul Life Sciences for a 100% sale to leading global specialty ingredients solution provider Barentz International.
Our deal team comprised our Senior Partner Vaidhyanadhan Iyer, Partner Sneha Nagvekar, Associates Deepti Narayanan, Priyasha Goyal, Jay Singhee and Meghna Somani....
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India
March 29, 2024
AZB & Partners acted for Main Street Capital Corporation on Indian aspects of its acquisition (through its portfolio company Gulf Manufacturing LLC) of the Maass Global Group - a global leader in the manufacture and distribution of flanges and specialty forged products.
Our deal team comprised of our Senior Partner Srinath Dasari, Partner...
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India
March 26, 2024
AZB & Partners acted for Warburg Pincus and its controlled portfolio company Avanse Financial Services (‘Avanse’) on the recent fund raise where Abu Dhabi’s Mubadala Investment has deployed approx. INR 900 crore of primary capital into Avanse. This round also had Avendus PE subscribe to approx. Rs. 100 crores of primary capital of Avanse.
Our...
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India
March 11, 2024
AZB & Partners represented the RBI appointed Administrator of SREI Infrastructure Finance Limited & SREI Equipment Finance Limited (SREI Group) in the SREI Group’s successful takeover by National Asset Reconstruction Company Limited (NARCL) under the provisions of the Insolvency and Bankruptcy Code, 2016, thereby resolving approximately INR...
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India
March 11, 2024
AZB & Partners acted for Accenture on its proposed acquisition of Mindcurv, a leading company providing end-to-end digital experience services, to help expand its composable commerce capabilities.
Our deal team comprised of our Senior Partner Vaidhyanadhan Iyer and Partner Vasudha Asher, Associates Shivam Gupta, Freya Irani and Rimjhim...
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India
March 8, 2024
AZB & Partners recently advised the President of India acting through the Ministry of Power (“Seller”), for the sale of 356,626,218 equity shares aggregating to approximately 3.55% of the total paid up equity share capital of NHPC Limited for an aggregate amount of INR 23.56 billion. The sale took place by way of the offer for sale through the...
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India
March 7, 2024
AZB & Partners represented Lighthouse on its recent investment of INR 284 crores in silver jewellery brand Kushal’s.
The transaction was led by our Partner Ananya Sharma and the deal team comprised of Associates Saumya Srivastava, Aryan Khanna and Shubhangi Tewari. Our due diligence team comprised of our Senior Associates Sudeshna Panigrahi...
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India
March 5, 2024
AZB & Partners acted for Bodhi Tree on the combination of Reliance-Viacom18 and Disney’s India business, creating a USD 8.5 bn joint venture. Bodhi Tree (an investment platform led by Uday Shankar and James Murdoch with QIA as a key investor) is a joint venture partner in Viacom18.
The AZB deal team comprised of our Senior Partners Ashwath...
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India
March 5, 2024
AZB & Partners acted for The Walt Disney Company on the combination of Viacom18 and Disney's Indian media businesses, to create a joint venture valued at approximately US$ 8.5 billion, which will be one of India's leading media companies.
Our AZB deal team comprised of our Senior Partners Roxanne Anderson and Divya Mundra, Counsel Himanshoo...
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India
February 21, 2024
AZB & Partners is acting as IIT-Delhi’s legal counsel and assisting them in setting up their Abu Dhabi campus (which is the second overseas campus of IIT and first for IIT-Delhi), including its operations, negotiating of contracts/framework arrangements with Abu Dhabi Department of Education and Knowledge (ADEK), secondment and hiring of...
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India
February 12, 2024
AZB & Partners advised a member of the promoter/promoter group of Paradeep Phosphates Ltd., in the merger of Mangalore Chemicals & Fertilisers Ltd. into Paradeep Phosphates Ltd., to become one of the largest integrated private sector fertiliser companies in India.
Our deal team comprised our Senior Partner Vaidhyanadhan Iyer, Counsel...
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India
January 30, 2024
AZB & Partners advised Accenture Inc. on the India aspects of its recent acquisition of Impendi Analytics LLC and its Indian subsidiary, Impendi Analytics Private Limited, a procurement advisory and transformation services provider.
Our deal team comprised of our Senior Partner Vaidhyanadhan Iyer, Partner Vasudha Asher, Senior Associate...
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India
January 29, 2024
AZB & Partners advised and represented eMudhra Limited (the “Company”) and IIFL Securities Limited, the book running lead manager, on a qualified institutions placement of equity shares by the Company, which aggregated to INR 2,000 million.
Our team comprised our senior partners, Varoon Chandra and Agnik Bhattacharyya; our senior associates,...
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India
January 25, 2024
AZB & Partners represented Bluestone Equity Partners on its growth investment in VideoVerse, the company behind Magnifi (an internationally acclaimed AI powered video editing solution), for an aggregate investment amount of USD 45 million.
The deal team comprised of Senior Partner Darshika Kothari, Partner Vasudha Asher, Associates Deepti...
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India
January 24, 2024
AZB & Partners acted for FabIndia and Organic India on Tata Consumer Products’ proposed acquisition of up to 100 per cent stake in Organic India, a FabIndia-owned business that sells tea, infusions, herbal supplements and packaged foods, for INR 1,900 crore.
Our transaction team comprised of our Senior Partner Anil Kasturi, Partner Anisha...
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India
January 23, 2024
AZB & Partners advised Wipro on the successful execution of their recent Power Purchase Agreement and Equity Investment Contracts with Fourth Partner Energy Private Limited in relation to setting up solar captive power project and purchase of power from it for meeting its renewable energy demands in Maharashtra.
The transaction team comprised...
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India
January 23, 2024
AZB & Partners represented Oyster Renewable Energy Private Limited (‘Oyster Renewables’) in the executions of the contracts for the development of a 99 MW wind power project in Gujarat with Inox Wind Limited and its group companies. This is Oyster Renewable’s first wind power project in India.
Our transaction team comprised our Senior...
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India
January 22, 2024
AZB & Partners advised Accenture Inc. on the India aspects of its recent acquisition of Navisite, a digital transformation and managed services provider.
Our deal team comprised our Senior Partner Vaidhyanadhan Iyer, Partner Malaveeka Chakravarthy, Senior Associate Farah Titina, Associates Ashish Narang and Pavit Kaur. They were supported on...
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India
January 18, 2024
AZB & Partners advised FS India Solar Ventures Private Limited in executing Power Purchase Agreements and Equity Investment Contracts with Cleantech Solar India OA 2 Pte Ltd for setting up two solar captive power projects and one wind captive power project and purchase of power from them for meeting its renewable energy demand for its 3.3GW...
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India
January 16, 2024
AZB & Partners is advising BlackRock on the Indian aspects of their proposed acquisition of private equity firm, General Infrastructure Partners (GIP), for USD 12.5 billion.
Our M&A team comprised our Senior Partners Ashwath Rau, Atreya Bhattacharya, Senior Associates Vyjayanthi Raghu, Raina Upadhyay, and Associates Shubhalakshmi...
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India
January 15, 2024
AZB & Partners advised NTT Ltd. on the sale of its majority stake in Nihilent Limited (Nihilent) in a leveraged buyout to Arcalis Technologies Private Limited, a management-controlled entity. Nihilent offers consulting services and IT solutions to customers in the banking, media, retail, health-care and manufacturing industries and has presence...
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India
January 4, 2024
AZB & Partners acted for Siemens Energy in relation to the sale of its 18 per cent stake in Siemens Limited to Siemens Aktiengesellshcaft, Germany, for an aggregate consideration of INR 18,700 crores.
Our M&A deal team comprised our Senior Partner Darshika Kothari, Partner Sneha Nagvekar, Counsel Himanshoo Tembe and Associate Rithvik DGV. They...
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India
January 4, 2024
AZB & Partners is acting for First Solar India on the upcoming inauguration of its 3.3 GW fully vertically integrated photovoltaic (PV) thin film module manufacturing facility. This will be India’s first fully vertically integrated Photo Voltaic (PV) thin film module manufacturing facility to go live and among the world's largest solar...
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India
January 2, 2024
AZB & Partners has been representing Vivo Mobile India Private Limited (Vivo) and its employees in an investigation initiated by the Directorate of Enforcement (ED) under the Prevention of Money Laundering Act, 2002 (PMLA). The Firm has been successful in securing the release of two senior employees of Vivo arrested by the ED after the court...
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