India Business Law Journal

14/01/2025

Pritha Chatterjee joins JSA as retained partner https://law.asia/pritha-chatterjee-joins-jsa/

Pritha Chatterjee has joined JSA as a retained partner in its banking and finance practice, and brings around eight years of experience to the team.

Chatterjee was previously a partner at IndusLaw. She also had roles at Shardul Amarchand Mangaldas & Co and Cyril Amarchand Mangaldas.

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14/01/2025

India has secured two Asian Development Bank (ADB) loans valued at INR73.2 billion (USD850 million) to support the nation’s green and sustainable infrastructure projects as well as the manufacturing sector and its supply chains, respectively.

The USD500 million loan for sustainable infrastructure will be extended to India Infrastructure Finance Company Limited (IIFCL) with a sovereign guarantee.

The USD350 million loan to support India’s manufacturing sector and its supply chains have been granted in alignment with India’s climate commitments and ADB’s Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) programme.

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India has secured two Asian Development Bank (ADB) loans valued at INR73.2 billion (USD850 million) to support the nation’s green...

14/01/2025

Anagram counsels Mahanagar Gas on USD26.8m lithium battery JV https://law.asia/mahanagar-gas-jv-investment/

Anagram Partners advised Mahanagar Gas on its INR2.3 billion (USD26.8 million) investment in a joint venture with the International Battery Company (IBC US) to enter the lithium-ion battery cell manufacturing sector.

Faraz Khan and Rajesh Simhan led the Anagram team, with the assistance of Shikha Tripathi and Afaan Arshad.

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14/01/2025

More than 150 legal professionals attended the Alliance for Corporate Counsels and Company Secretaries (ACoS) annual meet and international summit for 2024 on 21 December at Hotel EROS in New Delhi, India.

The summit theme was “Viksit Bharat @ 2047: The Role of the Legal Profession in Building a Developed Nation”.

Multiple luminaries at the event included Indian member of parliament (MP) Sasmit Patra; senior advocate Ravi Shankar Prasad, also an MP and former Minister of Law and Justice; Justice Rakesh Tiwari, former acting chief justice of Calcutta High Court; Justice Sangita Dhingra Sehgal, president of the Delhi State Consumer Disputes Redressal Commission and former Delhi High Court judge; and Manoj Kumar, additional secretary, Ministry of Law and Justice.

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More than 150 legal professionals attended the Alliance for Corporate Counsels and Company Secretaries (ACoS) annual meet and international summit...

13/01/2025

Khaitan, CAM advise on Adani’s USD2bn exit from Adani Wilmar https://law.asia/adani-exit-adani-wilmar/

Khaitan & Co. and Cyril Amarchand Mangaldas (CAM) have acted for parties involved in Wilmar International’s proposed USD2 billion acquisition of 31.06% equity in Adani Wilmar, held by Adani Commodities via a sale to Singapore-based Lence.

“Adani Wilmar is a classic success story in the halls of Indian joint ventures — the deal is quite monumental and showcases the complexities of public M&A. It’s been an enriching experience advising Wilmar on the deal,” said Abhishek Dadoo, one of the transaction team members from Khaitan.

Karun Cariappa, who led the Khaitan team, added: “This marks a pivotal moment for Wilmar and its business in India. Khaitan is proud to have used its Singapore and India offices to help with this landmark transaction.”

The Khaitan team comprised Cariappa, Dadoo, Gaurav Malhotra and Gaurang Mansinghka, with additional support from the tax, capital markets and competition law teams.

CAM advised Adani Enterprises and Adani Commodities on the sale of its entire shareholding to Lence.

Anchal Dhir and Jay Parikh led the CAM team with the assistance of Ayushi Toshniwal as well as support from the competition and the capital markets teams.

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13/01/2025

The Directorate General of Foreign Trade has amended the Foreign Trade Policy 2023 to introduce changes to encourage stakeholder participation and make the decision-making process inclusive.

The changes, that took effect immediately, would allow stakeholders to provide their opinions and feedback on foreign trade.

Changes are contained in paragraphs 1.07A and 1.07B to chapter 1 of the Foreign Trade Policy 2023.

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The Directorate General of Foreign Trade (DGFT) has amended the Foreign Trade Policy 2023 to introduce changes to encourage stakeholder...

13/01/2025

Latham Watkins, SAM work on USD187m Ventive Hospitality IPO https://law.asia/ventive-hospitality-ipo/

Latham & Watkins and Shardul Amarchand Mangaldas & Co have counselled parties involved in Ventive Hospitality’s USD187.1 million initial public offering.

Latham & Watkins was the sole international counsel on Ventive Hospitality’s listing on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE).

Rajiv Gupta led the Latham team, with the assistance of Kelly Teoh and Esha Goel (Singapore), Eunice Chan (Hong Kong), and foreign legal consultant Mara Recto (Singapore).

Enrique Rene de Vera (Chicago) and Jiyeon Lee-Lim (New York), along with Jay Khurana (Chicago) advised on tax matters. Boston counsel Joel Cavanaugh worked on Investment Company Act matters.

Shardul Amarchand Mangaldas & Co advised the book running lead managers, JM Financial, Axis Capital, HSBC Securities and Capital Markets (India), ICICI Securities, IIFL Capital Services, Kotak Mahindra Capital Company, and SBI Capital Markets.

Nikhil Naredi and Priya Awasthi led the SAM team, with Chinmay Sethia, M Koshy Mammen, Vartika Bhatnagar, Manish Soni and Shariba Tasneem assisting.

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13/01/2025

Peer-to-peer (P2P) electricity trading is emerging as an important tool to increase the adoption and diffusion of renewable energy use. In this case, electricity is traded on an online platform between local community-based or individual power producers (referred to as “prosumers”) and consumers of electricity. Consumers and prosumers manage the price and volume risk themselves.

State Electricity Regulatory Commissions (SERCs) of states such as New Delhi, Uttar Pradesh and Karnataka have issued regulations and guidelines to govern and promote such trading. However, there are regulatory and operational impediments to widespread adoption of P2P electricity trading.

Megha Kaladharan and Afra Ansari at Trilegal discuss regulatory, operational challenges and potential of P2P electricity trading for renewable energy.

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Peer-to-peer (P2P) electricity trading is emerging as an important tool to increase the adoption and diffusion of renewable energy use.

13/01/2025

Dirty air disrupts Delhi legal work https://law.asia/dirty-air-disrupts-delhi-legal-work/

Delhi’s ongoing extreme levels of air pollution are having a deadly and costly effect, and knowledge workers such as lawyers and advocates are not immune.

Featuring insights from:
Nawneet Vibhaw, founder of Panchtattva Advocates;
Jaya Bhatnagar, founder of SiebenIP;
Astha Sharma of Aquilaw;
Vaishali Mittal of Anand and Anand.

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13/01/2025

Shringarika Priyadarshini has joined JSA as a retained partner in its corporate practice and brings more than a decade of diversified experience to the team in the Gurugram office.

“Shringarika’s deep understanding of complex domestic and cross-border transactions, particularly across the key technology, manufacturing and renewables sectors will further enhance our corporate practice in the Delhi region,” said Sidharrth Shankar, partner at JSA.

Previously at Trilegal, Priyadarshini has also worked as an associate at IndusLaw.

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Shringarika Priyadarshini has joined JSA as a retained partner in its corporate practice and brings more than a decade of diversified experience...

13/01/2025

Khaitan & Co. , Trilegal, Herbert Smith Freehills and A&O Shearman assisted on JSW Energy acquiring O2 Power and its subsidiaries for USD1.47 billion.

Khaitan & Co advised JSW on the acquisition of O2 Power, which is a renewable energy joint venture established by EQT Infrastructure and Temasek, and has a total capacity of 4.7GW.

“This deal marks a significant milestone for JSW Energy and the Khaitan team,” said Akhil Bhatnagar, partner and one of the transaction team leaders from Khaitan.

Khaitan’s Haigreve Khaitan, Siddharth Shah, Bhatnagar, Purti Minawala and Vivek Mimani led the team, with the assistance of Aman Anand and Bhagirath Ashiya, as well as Palak Mohta, Rahul Pai and Shefali Prasad.

Moin Ladha, Sudheer Madamaiah, and Anisha Chand and Anshuman Sakle advised on regulatory, real estate and competition matters, respectively.

Herbert Smith Freehills’s Siddhartha Shukla and Lucy Curran led the team, advising JSW Energy on the English law aspects of the transaction. Victor Chiew, Raj Mathew and Kenji Lee also supported the team.

Trilegal acted for EQT and Temasek on their sale of O2 Power to JSW Neo Energy, with Vaibhav Kothari leading the team. The team comprised Hema Priyadarshini Patnaik and Neethu Roy, Anirudh Banga, Kopal Raje, Ananya Kumar and Vidur Prabhakar, as well as Amartya Srivastava, Parinishtha Ganz and Lakshaya Grover.

Nayantara Nag, Riyaz Bhagat and Megha Kaladharan led the projects team, while Rahul Arora led the real estate team, and Gautam Chawla led the competition team.

The A&O Shearman team, also acting for EQT and Temasek, was led by Ayesha Thapar (Singapore), Harsh Pais (London) and James Mythen (Singapore), with support from James Kingston (Bangkok) and Agnes Guntara (Singapore).

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Khaitan & Co, Trilegal, Herbert Smith Freehills and A&O Shearman assisted on JSW Energy acquiring O2 Power and its subsidiaries...

13/01/2025

Trio acts for Godrej Properties’ USD722m QIP https://law.asia/godrej-properties-raises/

Cyril Amarchand Mangaldas, Trilegal and Sidley Austin LLP (Official) have acted on Godrej Properties’ qualified institutional placement of equity shares raising INR60 billion (USD722.89 million).

The CAM transaction team included Yash Ashar, as well as regional co-head of capital markets west, Devaki Mankad. Rishav Buxi, Urmil Shah, Hitesh Nagpal and Gaurav Lalwani assisted the team.

Trilegal advised the book running lead managers Kotak Mahindra Capital, BofA Securities India, Jefferies India and Morgan Stanley India. Bhakta Patnaik and Brajendu Bhaskar led the team with support from Aditya Dsouza, Akanksha Goel, Pratyusha Dasgupta, Kavya Krishnawsamy and Manasi Barve.

Sidley Austin acted as international legal counsel to the book running lead managers.

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13/01/2025

The Screenwriters Rights Association of India has been registered as a copyright society with the Indian government and is now empowered to extend copyright protection to all the works of members under the law.

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The Screenwriters Rights Association of India (SRAI) has been registered as a copyright society with the Indian government...

10/01/2025

Cyril Amarchand Mangaldas partner Gyanendra Kumar has been designated as a senior advocate by Delhi High Court, which means he must step down from his partnership role at CAM.

Having commenced legal practice in 1994 at the trial courts in Tis Hazari and the high court, Kumar subsequently became one of the founding members of a boutique disputes and transactions law firm, where he practised for 19 years.

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Cyril Amarchand Mangaldas partner Gyanendra Kumar has been designated as a senior advocate by Delhi High Court...

10/01/2025

Pair act for ADB on USD100m loan to SK Finance https://law.asia/adb-loan-sk-finance/

TT&A and Watson Farley & Williams have advised the Asian Development Bank (ADB) on a USD100 million commercial loan to SK Finance.

The TT&A team, which counselled on Indian legal matters for ADB, included Gautam Saha and Ambarish Mohanty, with the assistance of Shubham Gupta.

Watson Farley & Williams acted as the English Law counsel for ADB.

The SK Finance in-house legal team steered the deal.

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10/01/2025

On 15 October 2024, the Central Consumer Protection Authority (CCPA) issued its Guidelines for the Prevention and Regulation of Greenwashing and Misleading Environmental Claims (CCPA guidelines).

The CCPA guidelines apply to all entities involved in advertising or promoting goods or services, including advertisers, product sellers, advertising agencies and service providers.

Ashima Obhan and Jeetika Agarwal at Obhan & Associates discuss CCPA guidelines addressing greenwashing, ensuring truthful environmental claims and promoting sustainable practices.

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On 15 October 2024, the Central Consumer Protection Authority (CCPA) issued its Guidelines for the Prevention and Regulation of Greenwashing and Misleading Environmental Claims (CCPA guidelines).

10/01/2025

Manmeet Singh leaves Saraf, joins CAM with three partners https://law.asia/manmeet-singh-joins-cam/

Manmeet Singh has joined Cyril Amarchand Mangaldas in the Delhi NCR office as an equity partner in the dispute resolution practice, and he brings along three partners Anugrah Robin Frey, Alok Shankar and Sairam Subramanian as well as their associates.

Singh was formerly a senior partner at Saraf and Partners, and he has also worked at Luthra and Luthra Law Offices.

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09/01/2025

Monalisa Kosaria and Saswat Mohanty have been appointed as partner designates for the dispute resolution and capital markets practices, respectively, at Luthra and Luthra Law Offices India.

Kosaria, an advocate-on-record at the Supreme Court of India is a seasoned dispute resolution expert with more than a decade of experience in expertise spanning high-stakes commercial disputes, insolvency, arbitration and tax.

Mohanty brings more than 10 years of experience, having worked at the National Stock Exchange and specialising in equity transactions at both Cyril Amarchand Mangaldas and Shardul Amarchand Mangaldas & Co.

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Monalisa Kosaria and Saswat Mohanty have been appointed as partner designates for the dispute resolution and capital markets practices...