Financing By REC Limited To Telangana Super-Specialty Hospitals Corporation Limited

Kochhar & Co. advised REC Limited, a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, in relation to providing credit facility of INR 23.85 billion to Telangana Super-Specialty Hospitals Corporation Limited. The project involved setting-up of 3 super-specialty hospitals in the state of Telangana (deal update attached).Kochhar & Co. provided end-to-end support for the transaction, including conducting due diligence, drafting, negotiating,...

Argus Partners Advises On One Of The Biggest Industrial RTC Power Projects In India Under Group Captive Regime

Argus Partners has advised Tata Steel Limited on its investment in one of the biggest industrial RTC (Round-the-clock) hybrid renewable power projects in India under Group Captive Regime, being set up by TP Vardhaman Surya Limited (subsidiary of Tata Power Renewable Energy Limited). Tata Steel will invest 26% equity in the said project.This investment will act as a significant step towards adoption of green energy and is aligned with Tata Steel`s vision of sustainability and reducing carbon...

Dua Associates Advises JK Paper Limited To Acquire Manipal Utility Packaging Solutions for Rs 88.73 crores

JK Paper Limited (JK Paper), one of India's largest paper and packaging board companies, has entered into a share purchase agreement (SPA) for acquiring 100 per cent equity shares of Manipal Utility Packaging Solutions Private Limited (MUPSPL) which is engaged in the business of manufacturing packaging products like folding cartons, corrugated boxes and labels with four manufacturing plants across India.Dua Associates team led by Senior Advisor, Sunil Malik, and Partners C.R. Muralidharan, Mohd...

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.