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Business Law News

Qualified Institutional Buyers Fully Subscribe to Arvind Limited’s Latest Strategic Fundraise

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Arvind Limited, a prominent name in the Indian textile and apparel industry, has successfully raised approximately ₹500 crore through a financial mechanism known as a Qualified Institutions Placement (QIP). This corporate move involved issuing 99,00,990 new equity shares to eligible institutional investors. By opening up this share placement, the company was able to secure substantial capital directly from the market, achieving full subscription from interested Qualified Institutional Buyers (QIBs).

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News

Supercharging AI: Inside AMD’s Strategic Acquisition of MEXT Corporation

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AMD Inc. acquires MEXT Corporation: In a major move to bolster its artificial intelligence and high-performance computing capabilities, semiconductor giant Advanced Micro Devices, Inc. (AMD) has officially acquired MEXT Corporation. The strategic buyout aims to integrate cutting-edge memory optimization technologies directly into AMD’s expanding portfolio, giving businesses the tools they need to run heavy data applications faster and more efficiently.

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Business Law News

Clean Energy Megadeal: Aditya Birla Acquires Shell’s Sprng Energy for $1.8 Billion

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Trilegal, Khaitan and Company Act on Sprng Energy’s Acquisition by Aditya Birla: In one of the largest and most significant mergers and acquisitions (M&A) the Indian renewable energy sector has ever seen, Aditya Birla Renewables Limited (ABRen) has signed a definitive agreement to acquire 100% of the Sprng Energy group of companies from oil major Shell plc.

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Business Law News

Shardul Amarchand Mangaldas Acts on SolarSquare’s $53 million Series C fundraise

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The Big Deal: SolarSquare’s $53 Million Leap. Solar Square Funding News: India’s push toward renewable energy just got a massive financial boost. SolarSquare, a leading player in the country’s residential solar market, has successfully raised $53 million (around ₹508 crore) in its latest Series C funding round. The investment was led by global venture capital…

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Business Law News

Court Rules Against Flipkart Founders: Inside the ED’s Investigation into WS Retail

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Madras High Court Rejects Flipkart’s Founders’ Petition against ED Case: The legal troubles for the men who built India’s pioneering e-commerce giant are far from over. In a significant legal development, the Madras High Court has firmly rejected a bid by Flipkart co-founders Sachin Bansal and Binny Bansal to halt an ongoing investigation by the Enforcement Directorate (ED).

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Business Law News

JSA Advises NIIF Infrastructure Finance on ₹1,200 Crore Refinancing of Vijayapura Tollway Project

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NIIF Infrastructure Finance’s ₹1,200 Crore Refinancing: Mumbai: JSA Advocates & Solicitors has advised NIIF Infrastructure Finance Limited on the extension of a ₹1,200 crore (approximately USD 126.7 million) term loan facility to Vijayapura Tollway Private Limited, marking a significant refinancing transaction in India’s infrastructure sector.

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Business Law News

JSA Guides 5paisa Capital’s Rs 468 Crore Fundraise to Boost Digital Expansion

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Jyoti Sagar Associates Acts on 5paisa Capital Fundraise: Mumbai: 5paisa Capital Limited has successfully raised ₹468.823 crore through a rights issue, with legal advisory support from JSA Advocates & Solicitors. The capital raise is aimed at strengthening the company’s financial base and supporting its growth in India’s rapidly evolving digital financial services sector.

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Business Law News

SBI Extends ₹12,000 Crore Loan to JSW Sambalpur Steel for Bhushan Power Acquisition

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JSW Sambalpur Steel Limited Wins ₹12,000 crore SBI Funding for Bhushan Power & Steel Limited:  Mumbai: In a significant boost to India’s steel sector, JSW Sambalpur Steel Limited has secured a ₹12,000 crore term loan facility from State Bank of India to part-finance its acquisition of the steel business of Bhushan Power & Steel Limited.…

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Business Law News

SBI Funds IPO: Cleary Gottlieb, Hogan Lovells, CAM, SAM, Linklaters, S&R Associates Advise Investors

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LONDON/MUMBAI — In what is set to be one of the most anticipated financial market debuts of the year, SBI Funds Management Limited has officially filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The filing, submitted on 19 March 2026, paves the way for an Initial Public Offering (IPO) that has mobilised a powerhouse contingent of domestic and international legal counsel.

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News

Supreme Court Denies Pension to Bank Employee Who Abandoned Service, Emphasises 20-Year Confirmed Service Rule

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What is minimum year of service for getting pension for bank employees?: New Delhi — In a significant ruling clarifying pension eligibility norms, the Supreme Court of India has held that a bank employee who voluntarily abandons service cannot claim pension unless he fulfills the strict requirement of completing at least 20 years of confirmed service, along with other statutory conditions.

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Supreme Court

Supreme Court Rules Multi-State Co-Operative Societies Can Bid in CIRP Only If Bye-Laws Permit and Business Aligns

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New Delhi — The Supreme Court of India on Thursday clarified the scope of participation by multi-state co-operative societies in insolvency proceedings, ruling that such entities can submit resolution plans under the Insolvency and Bankruptcy Code (IBC) only if their bye-laws expressly permit the investment and the target entity operates in the “same line of business.”

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Bombay High Court

Bombay High Court Quashes ₹1,100 Crore MMRDA Demand on Reliance, Orders Refund with Interest

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Bombay High Court quashes MMRDA demand against Reliance Industries: Mumbai — The Bombay High Court has set aside a demand exceeding ₹1,100 crore raised by the Mumbai Metropolitan Region Development Authority (MMRDA) against Reliance Industries Ltd, holding the levy to be “illegal, arbitrary and hit by Article 14 of the Constitution.”

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Delhi High Court

Delhi High Court Upholds Earlier Buyer’s Rights, Voids Subsequent Property Sale

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In a significant ruling reinforcing long-standing principles of property law, the Delhi High Court has held that a buyer who enters into an earlier transaction retains superior legal rights over a subsequent purchaser of the same property. The court clarified that later transactions cannot override rights that were created earlier in time, even if formal sale deeds are absent.

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News

CAM Advises Ministry of Petroleum and Natural Gas on Drafting Petroleum and Natural Gas Rules, 2025

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Cyril Amarchand Mangaldas (CAM) has played a key role in advising the Ministry of Petroleum and Natural Gas on the drafting of the Petroleum and Natural Gas Rules, 2025 (“Rules”), following the introduction of the Oilfield (Regulation and Development) Amendment Act, 2025. The new legislation introduces significant changes to the petroleum sector, including the requirement for obtaining a petroleum lease as a prerequisite for conducting petroleum operations and empowering the Ministry to formulate comprehensive rules covering multiple aspects of the industry.

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Business Law News

Trilegal Advises Signature Global on USD 139 million Investment by RMZ for Gurugram Project

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Gurugram, India – Signature Global (India) Limited has secured a major investment of USD 139 million (₹1,283 crore) from RMZ (Millennia Realtors Private Limited), culminating in the formation of a 50:50 joint venture called Gurugram Commercity Limited. The joint venture is set to develop a large-scale, mixed-use project located on the Southern Peripheral Road in Gurugram.

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Business Law News

Saraf, Khaitan Act on L&T Power’s ₹6,889 Crore Divestment of 1400 MW Thermal Power Asset to Torrent Power

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Mumbai, India – Larsen & Toubro Power Development Limited (L&T Power) has agreed to divest its 1,400 MW thermal power asset located in Rajpura, Punjab, for a total enterprise value of ₹6,889 crore to Torrent Power Limited. The transaction involves the sale of 100% equity and convertible instruments of Nabha Power by L&T Power to Torrent Power, subject to regulatory approvals.

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News

Carlyle Group to Acquire Majority Stake in Nido Home Finance for $252 Million, Strengthening Affordable Housing Finance in India

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Carlyle to Acquire Majority Stake in Nido Home Finance for $252 Million. In a strategic move to bolster the affordable housing finance sector in India, CA Sardo Investments, an affiliate of The Carlyle Group, has announced the acquisition of a 73% majority stake in Nido Home Finance for ₹2,100 crore (approximately $252 million). The transaction…

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Business Law News

Amazon’s Gaurav Ajmani Joins Snapchat as Assistant General Counsel & CCO

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Seasoned Legal and Compliance Executive Moves to Snapchat. Gaurav Ajmani, a veteran legal and compliance professional, has joined Snapchat as Assistant General Counsel and Chief Compliance Officer (CCO). He brings over 12 years of experience at Amazon, where he served as Associate General Counsel and led senior legal and compliance functions. Extensive Career Across Tech…

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Business Law News

$10.9 Billion Mega Data Centre Deal: KKR & Singtel Acquire ST Telemedia

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Singapore Telecommunications Limited (Singtel) and a KKR-led consortium have acquired ST Telemedia Global Data Centres (STT GDC) in a landmark transaction valued at $13.8 billion. The consortium will acquire an 82% stake in STT GDC from parent ST Telemedia for US$5.1 billion. Upon completion, KKR will hold a 75% stake, while Singtel retains 25%, factoring in the conversion of existing redeemable preference shares.

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Business Law News

VIXAR Acquires Controlling Stake in IREP Credit Capital to Expand MSME Lending Reach

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VIXAR-IREP Credit Capital: Mumbai, India – 19 January 2026 – Mumbai-based private equity firm VIXAR has announced the acquisition of a controlling stake in IREP Credit Capital Private Limited, a non-deposit-taking NBFC, marking a strategic expansion into tailored financial services for underserved micro, small, and medium enterprises (MSMEs) across southern India.

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News

Japan’s Aica Kogyo Acquires Controlling Stake in Stylam Industries in $225 Million Deal

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Aica Kogyo Acquires Stylam Industries: Japanese conglomerate Aica Kogyo Company Limited has acquired a controlling stake of up to 53.12% in Stylam Industries Limited in a transaction valued at approximately $225 million. The acquisition was carried out through secondary purchases from existing promoters and triggers a mandatory open offer under Indian takeover regulations.

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News

Cyril Amarchand Mangaldas Advises McDonald’s on Hyderabad GCC

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McDonald’ Corporations Global Capability Center Hyderabad: Cyril Amarchand Mangaldas (CAM) has advised McDonald’s Corporation on the establishment of its global capability center (GCC) in Hyderabad, Telangana. The facility represents McDonald’s largest office outside the United States and will serve as a strategic hub for operations, technology, analytics, and artificial intelligence.

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News

Bengaluru Court Grants Bail to WinZo Games Co-founder Saumya Rathore in PMLA Case, Denies Relief to Paavan Nanda

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Saumya Singh Rathore WinZo Games Pvt Ltd. Bengaluru: A Bengaluru sessions court on December 26 granted bail to Saumya Singh Rathore, co-founder and director of WinZo Games Pvt Ltd, in a money-laundering case registered by the Enforcement Directorate (ED), while rejecting the bail plea of co-founder Paavan Nanda and allowing the agency to take him into custody for further interrogation.

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News

Cyril Amarchand Mangaldas Advises on Ambuja Cements – Orient Cement Merger

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Ambuja Cement-Orient Cement Merger: New Delhi: Ambuja Cements Limited and Orient Cement Limited are set to merge, with Ambuja issuing equity shares to Orient shareholders and cancelling its existing shareholding in Orient. The merger is part of Ambuja’s broader consolidation strategy in the cement sector, under which it is also undergoing a merger with ACC Cement.

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News

LKS, Latham Act on Inox Clean Energy’s Acquisition of 1,337 MW Wind-Solar Portfolio From Macquarie

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LKS, Latham Act on Inox Clean Energy’s Acquisition of 1,337 MW Wind-Solar Portfolio From Macquarie: New Delhi: Lakshmikumaran & Sridharan Attorneys (LKS) and Latham & Watkins have acted on Inox Clean Energy Limited’s acquisition of a 1,337 MW renewable energy platform from Macquarie Corporate Holdings Pty Limited and other shareholders, in a transaction that significantly strengthens Inox’s footprint in India’s renewable energy sector.

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Business Law News

JSA Advises Baashyaam Group on $144 Million Acquisition of Haddows Road Property in Chennai

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Chennai, India – Baashyaam Group has successfully acquired the Haddows Road property in Nungambakkam, Chennai, from Standard Chartered Bank’s subsidiary, Standard Chartered Global Business Services Private Limited. The transaction, valued at approximately ₹1,200 crore (USD 144 million), marks a significant expansion for Baashyaam Group in one of Chennai’s prime commercial locations.

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Business Law News

Cyril Amarchand Mangaldas Advises on Rs 7,191 Crore Bharti Airtel Share Sale

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Bharti Airtel Share Sale: Mumbai, India – November 27, 2025 – In a landmark transaction in the Indian capital markets, Indian Continent Investment Limited (ICIL) has successfully sold 34,300,000 equity shares of Bharti Airtel Limited for an aggregate consideration of ₹7,191 crore. The shares were sold on the screen-based trading platform of the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), marking a significant liquidity event for the telecom giant.

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Business Law News

AI Could Resolve 60% of India’s Litigation Backlog, Says Supreme Court Judge Justice Manmohan at AI Summit

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AI Could Resolve 60% of India’s Litigation Backlog: Justice Manmohan: New Delhi, India – November 29, 2025 – The integration of Artificial Intelligence (AI) into India’s judicial process could revolutionize the country’s legal system, with AI potentially resolving more than 60 percent of litigation by automating routine, small-ticket cases. This ambitious prediction was made by Supreme Court Justice Manmohan during his keynote address at the India Law, AI, and Tech Summit 2025 held in Delhi on Saturday.

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Business Law News

Argus Partners Advises on Stanza Living’s Rs 282 Crore Series A Funding

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Stanza Living’s Series A Funding: Mumbai, India – November 2025 – Stanza Living, a leading managed accommodation platform catering to students and working professionals, has successfully raised ₹282.8 crore (approximately $32 million) in its Series E funding round. The round was led by Accel, with participation from Motilal Oswal, as the company continues its expansion in the rapidly growing market for student and professional housing.

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News

Trilegal, Addleshaw Goddard, MAQ Advise JSW Group’s Pact with Minerals Development Oman

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JSW Partners with Minerals Development Oman: Muscat, Oman – November 2025 – JSW Group, one of India’s leading industrial conglomerates, has entered into a strategic partnership with Minerals Development Oman SAOC (MDO), the Sultanate of Oman’s state-owned mine developer and operator, to develop a 27 million tons per annum (MTPA) greenfield port facility and mining operations for gypsum and limestone. The agreement marks a significant step in JSW Group’s ongoing global expansion strategy, particularly in the mining and infrastructure sectors.

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Business Law News

Rubicon Research Raises USD 155.7 million Through IPO, AZB & Partners and Khaitan & Co Provide Legal Advisory

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Rubicon Research IPO: Mumbai, October 29, 2025: Rubicon Research Limited, a Mumbai-based pharmaceutical formulations company specializing in branded specialty products, has raised US $155.7 million (₹1,377.5 Crore) crore through its initial public offering (IPO). The offering comprised a fresh issue and an offer for sale by promoter shareholder General Atlantic Singapore RR Pte. Ltd.

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News

SAM, AZB Partners Advise on Emirates NBD’s 60% Stake Acquisition in RBL Bank

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Emirates NBD Set to Acquire 60% Stake in RBL Bank in Landmark Deal: Mumbai, India – October 24, 2025 – In a historic move, Emirates NBD, one of the largest banking groups in the UAE, is set to acquire a 60% majority stake in India’s RBL Bank for ₹26,850 crore. This landmark transaction, marking the first-ever acquisition of a profitable Indian bank by a foreign entity, is poised to reshape the landscape of India’s banking sector.

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Business Law News

AZB, ELP, Hogan Lovells act on Asahi India Glass Rs 1,000 crore QIP

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Asahi India Glass Limited has made a qualified institutions placement of 1,18,37,261 equity shares aggregating to ~₹1,000 crore. AZB & Partners represented the company in the transaction. The deal team comprised Senior Partners Varoon Chandra and Agnik Bhattacharyya, assisted by Senior Associate Rajat Chadha and Associates Harsh Vardhan Singh, Vaibhav Kumar Shah, Shivani Singh, and Asit Singh Baghel.

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Business Law News

Water & Shark Legal Advises Pepagora on Strategic Fundraising and Group Restructuring

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In a significant development for Pepagora, a leading B2B marketplace connecting verified suppliers, buyers, and partners worldwide, the company has successfully completed a strategic fundraising round and undergone a group restructuring exercise. Water & Shark Legal served as the legal counsel for the marketplace throughout these pivotal stages, providing essential legal and strategic advisory services.

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Business Law News

Hammurabi & Solomon Advises Elior India on Strategic Majority Stake Acquisition in Platos Foods

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Hammurabi & Solomon Advises Elior India on Strategic Majority Stake Acquisition in Platos Foods: New Delhi, September 9, 2025 — Hammurabi & Solomon Partners has successfully advised Elior India Food Services LLP, a subsidiary of the France-headquartered Elior Group, on its acquisition of a majority stake in Platos Foods Private Limited. This strategic deal marks a significant milestone in Elior India’s growth trajectory, positioning the company to expand its footprint in India’s rapidly evolving workplace dining sector.

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Business Law News

Trilegal, Khaitan Advise on WestBridge Capital’s Rs 450 Crore Stake Acquisition in Edelweiss Mutual Fund

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Trilegal, Khaitan & Co Advise on WestBridge Capital’s Rs 450 Crore Stake Acquisition in Edelweiss Mutual Fund: Mumbai – In a significant move within India’s burgeoning mutual funds sector, WestBridge Capital has announced its proposed acquisition of a 15% stake in both Edelweiss Asset Management Limited and Edelweiss Trusteeship Company Limited, for a total consideration of ₹450 crore (\~\$51.4 million). This marks WestBridge Capital’s strategic entry into the Indian mutual fund industry, further intensifying competition in the fast-growing sector.

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Business Law News

JSA Advises Axis Bank on Financing Four Solar Power Projects Across India

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JSA Advises Axis Bank on Financing Four Solar Power Projects Across India: Mumbai – JSA Advocates & Solicitors has successfully advised Axis Bank Limited on the financing of four major solar power projects across India, marking a significant step in the country’s renewable energy sector. The projects, with a total capacity of 180 MW, are located in Rajasthan, Karnataka, and Madhya Pradesh, showcasing a strategic expansion of solar energy infrastructure across multiple states.

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Business Law News

Mindspace Business Parks Makes Landmark Hyderabad Acquisition with Q-City Buy

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Strategic Move Advised by SAM & Arthur Cox Marks REIT’s First Third-Party Expansion:  Hyderabad, India – In a significant expansion of its real estate portfolio, Mindspace Business Parks REIT has successfully acquired Q-City, a prominent IT Park in Hyderabad, for a reported price of ₹512 crore ($61.4 million USD). The transaction, which marks Mindspace’s first third-party acquisition outside of its existing portfolio parks, was a complex deal requiring extensive legal and advisory support from both Indian and international firms.

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Business Law News

CP Plus Parent Company Aditya Infotech Completes ₹1,300 Crore IPO

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Aditya Infotech’s IPO – Khaitan, Trilegal, and Hogan Lovells Advise on Successful Public Offering: NEW DELHI – Aditya Infotech Limited, the company behind the popular “CP Plus” brand of video security and surveillance solutions, has successfully completed its Initial Public Offering (IPO), raising a total of ₹1,300 crore (approximately $148.6 million). The public offering saw a significant collaboration between leading Indian and international law firms, each playing a crucial role in navigating the complex legal and regulatory landscape of the capital markets.

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Business Law News

JSW One MSME Achieves Unicorn Status with ₹500 Crore Pre-IPO Fundraise

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Cyril Amarchand Mangal Das Advises JSW One MSME, Firm Achieves Unicorn Status with ₹500 Crore Pre-IPO Fundraise:  MUMBAI — JSW One Platforms Limited, widely known as JSW One MSME, has officially joined the ranks of India’s unicorns after successfully completing a ₹500 crore pre-IPO capital raise. This significant funding round pushes the company’s valuation past the $1 billion mark, cementing its position as a major player in the country’s B2B e-commerce landscape.

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News

Trilegal, Saraf and Partners, Crawford Bayley & Co  Adivse on Electronics Bazaar’s Rs 460 Crore IPO

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Trilegal, Saraf and Partners, Crawford Bayley & Co  Adivse on Electronics Bazaar’s ₹460 Crore IPO: MUMBAI — GNG Electronics Limited, operating under the popular brand “Electronics Bazaar,” has made a stunning debut on the stock market, with its ₹460.435 crore initial public offering (IPO) receiving an overwhelming response from investors. As India’s largest refurbisher of laptops and desktops, the company’s strong listing performance signals a growing appetite among investors for businesses in the re-commerce and circular economy sectors.

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Business Law News

Supreme Court Refers Key Motor Accident Compensation Issue to Larger Bench

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Supreme Court Refers Key Motor Accident Compensation Issue to Larger Bench: New Delhi – The Supreme Court has referred a crucial legal question concerning motor accident compensation to a larger bench, a move that could significantly impact how claims are handled for the death of a vehicle owner. The Court is examining whether a deceased vehicle owner’s legal heirs can claim “no-fault” compensation under Section 163A of the Motor Vehicles Act, 1988, even if the accident did not involve a third-party vehicle.

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Business Law News

Supreme Court Reinstates Environmental Clearance for Industrial, Educational Buildings

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Supreme Court Reinstates Environmental Clearance for Industrial, Educational Buildings: New Delhi – In a significant judgment for environmental protection, the Supreme Court today struck down a government notification that had exempted industrial sheds, schools, colleges, and other educational institutions from the requirement of obtaining prior environmental clearance.

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Business Law News

“Online News Will Disappear, Only ChatGPT Will Remain”: Media Giants to Delhi High Court

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ANI vs Open AI Case in Delhi High Court: New Delhi – In a dramatic submission to the Delhi High Court, India’s leading media houses have warned that the rise of generative AI, specifically OpenAI’s ChatGPT, threatens the very existence of online news. The Digital News Publishers Association (DNPA) on Tuesday argued that OpenAI’s use of online news reports to train its Large Language Model (LLM) constitutes a fundamental infringement of copyright, a practice that could ultimately leave only AI as a source of information.

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News

Akshay Jeet Bhat and Prasad Subramanyan Launch First Principles Law

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First Principles Law: Former Cyril Amarchand Mangaldas Partner, Matrix Partners GC Launch Boutique Law Firm: Mumbai – In a significant development for India’s legal landscape, former Cyril Amarchand Mangaldas (CAM) Partner Akshay Jeet Bhat and former Matrix Partners General Counsel Prasad Subramanyan have announced the launch of a new boutique law firm, First Principles Law.

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Business Law News

Adani and MetTube Forge Partnership to Boost India’s Copper Tube Production

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Adani and MetTube Forge Partnership to Boost India’s Copper Tube Production: New Delhi – The Adani Group has announced a strategic partnership with MetTube, a move designed to significantly enhance domestic copper tube manufacturing in India. The collaboration involves a dual investment structure, with Adani divesting a stake in its subsidiary and simultaneously acquiring a stake in a MetTube subsidiary.

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Business Law News

Schneider Electric Acquires Temasek’s 35% Stake in Indian Unit for $6.4 Billion

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Schneider Electric Acquires Temasek’s 35% Stake in Indian Unit for $6.4 Billion: Mumbai – Schneider Electric SE has announced a major strategic move to fully acquire its Indian subsidiary by purchasing the 35% stake held by Singaporean investor Temasek for an all-cash consideration of $6.4 billion. The transaction, which will give the French multinational full ownership of Schneider Electric India Private Limited, underscores the company’s commitment to strengthening its presence in what it calls its third-largest market globally.

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Business Law News

Andhra Pradesh High Court Stays Investigation Against Sony India MD in Consumer Fraud Case

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Andhra Pradesh High Court Stays Investigation Against Sony India MD Sunil Nayyar in Consumer Fraud Case: Amaravati – The Andhra Pradesh High Court has granted interim relief to Sunil Nayyar, the Managing Director of Sony India, by staying all criminal proceedings against him in a consumer fraud case. The case stems from a complaint filed by a customer regarding the servicing of a faulty Sony television.

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News

CCI Dismisses Bid-Rigging Allegations in Coal Block Auctions, Citing Lack of Evidence and Delay

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CCI Dismisses Bid-Rigging Allegations in Coal Block Auctions, Citing Lack of Evidence and Delay: New Delhi — The Competition Commission of India (CCI) has dismissed a major complaint alleging cartelisation and bid-rigging by several prominent corporate groups, including Adani Enterprises, the RP-Sanjiv Goenka Group, Vedanta, Hindalco, UltraTech, and Jindal Power, in coal block auctions spanning 2015 and 2023.

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News

BIAL Secures ₹9,000 Crore Funding in Landmark Private Placement, Cyril Amarchand Mangaldas, Luthra and Luthra Advise

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Cyril Amarchand Mangaldas and Luthra and Luthra Advise on BIAL’s Record Rs 9,000 Crore Private Placement: BENGALURU – Bangalore International Airport Limited (BIAL), the operator of Kempegowda International Airport, has successfully raised an aggregate amount of ₹9,000 crore (approximately $1.02 billion) through a private placement of secured, unlisted, rated, redeemable, taxable non-convertible debentures (NCDs). The capital infusion, conducted in multiple tranches, marks the largest unlisted private placement of NCDs in India’s airport sector, setting a new benchmark for infrastructure financing in the country.

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Business Law News

Supreme Court Recalls Liquidation Order for Bhushan Power, JSW Resolution Plan to be Reviewed

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Supreme Court Recalls its Liquidation Order for Bhushan Power, JSW Resolution Plan to be Considered Afresh: In a significant development, the Supreme Court of India on Thursday recalled its controversial May 2 judgment that had rejected JSW Steel’s ₹19,700 crore resolution plan for Bhushan Power and Steel Ltd (BPSL) and ordered its liquidation. The Court’s decision marks a turning point in the protracted insolvency saga surrounding the troubled steel company, with fresh scrutiny set to be given to the resolution plan.

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Business Law News

Juniper Green Energy Proposes ₹3,000 Crore IPO, Seeks to Expand Renewable Energy Footprint

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Juniper Green Energy Proposes ₹3,000 Crore IPO: Mumbai, July 28, 2025 – Juniper Green Energy Limited, a prominent player in India’s renewable energy sector, has announced its intention to launch an Initial Public Offering (IPO) of equity shares worth ₹3,000 crore. The company, which specializes in the development, operation, and management of solar, wind, and hybrid power projects, aims to accelerate its growth trajectory and expand its renewable energy footprint in the country.

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Business Law News

Multiples Private Equity Acquires Controlling Stake in VIP Industries for $211.56 Million

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Multiples Private Equity Acquires Controlling Stake in VIP Industries for ₹1,763 Crore: In a landmark deal poised to reshape the luggage and travel accessories landscape in India, Multiples Private Equity Fund has secured a controlling stake in VIP Industries Limited, one of the country’s most recognized names in travel goods. The transaction, valued at a robust ₹1,763 crore ($211.56 million USD), will see the private equity giant acquire approximately 32% of VIP Industries, marking a significant shift in the ownership of the iconic brand.

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Business Law News

Wilmar Acquires 20% Stake in AWL Agri Business from Adani for $860 Million

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Wilmar Acquires 20% Stake in AWL Agri Business from Adani for $860 Million: Ahmedabad, India — In a significant move within the Indian FMCG sector, Wilmar Group has agreed to acquire a 20% stake in AWL Agri Business Limited from Adani Group for a total consideration of ₹7,150 crore (approximately $860 million). The acquisition, which marks a major shift in the ownership structure of the prominent food and beverage conglomerate, was finalized through Wilmar’s wholly-owned subsidiary, Lence Pte. Ltd.

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Business Law News

State Bank of India Successfully Completes ₹25,000 Crore QIP

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State Bank of India Successfully Completes ₹25,000 Crore ($3 Billion) QIP: Mumbai, India – July 19, 2025 – The State Bank of India (SBI), the nation’s largest public sector bank, has successfully concluded a Qualified Institutional Placement (QIP) of equity shares, raising a substantial ₹25,000 crore, equivalent to approximately $3 billion. This significant capital infusion…

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Business Law News

Tesla Lands in Mumbai’s Elite BKC, Trilegal Advises in Landmark Retail Deal

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Tesla Lands in Mumbai’s Elite BKC, Trilegal Advises in Landmark Retail Deal: Mumbai, India – In a significant development signaling the continued influx of global brands into the Indian market, Tesla India is set to establish its presence in Mumbai’s prestigious Maker Maxity, located within the Bandra Kurla Complex (BKC). The landmark transaction, involving the licensing of premium retail premises from Maker Group, was expertly advised by leading Indian law firm Trilegal.

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Business Law News

Indium Sells Majority Stake in Infinity Fincorp Solutions to Partners Group’s PG Lotus

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Indium Sells Majority Stake in Infinity Fincorp Solutions to Partners Group’s PG Lotus: Mumbai, India – July 19, 2025 – Indium IV (Mauritius) Holdings Limited, along with other minority sellers, has announced the proposed sale of their entire shareholding in Infinity Fincorp Solutions Private Limited to PG Lotus Pte. Ltd., a portfolio company of the global private markets firm Partners Group. This strategic transaction also includes the proposed issuance of equity shares to Partners Group and its affiliates, marking a significant development in the Indian financial services sector.

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Business Law News

Walko Food Acquires Majority Stake in Meemee’s Ice Creams, Think Law, Burgeon Law Act as Advisors

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Walko Food Acquires Majority Stake in Meemee’s Ice Creams, Think Law, Burgeon Law Act as Advisors: Mumbai, India – Walko Food Company Private Limited, the parent company behind the popular NIC Ice Cream brand, has announced a significant strategic move into India’s burgeoning artisanal dessert segment with the acquisition of a majority stake in Scoop Some More Private Limited, which operates under the brand name MeeMee’s Ice Creams. This acquisition marks a sweet expansion for Walko Food, broadening its dessert portfolio and tapping into a market segment known for its innovative and youth-oriented products.

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Business Law News

TVS Infrastructure Trust Raises $156 Million in Landmark IPO

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TVS Infrastructure Trust Raises ₹1,300 Crore ($156 Million USD) in Landmark IPO: Mumbai, India – TVS Industrial & Logistics Parks has announced the successful listing of its Infrastructure Investment Trust (InvIT), TVS Infrastructure Trust, on the National Stock Exchange. The Initial Public Offering (IPO) has successfully raised over ₹1,300 crore (approximately $156 million USD), marking a significant milestone in the Indian infrastructure and logistics sector.

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Business Law News

Kerala High Court: Notice on Relative Not Sufficient for Cheque Dishonor Unless Accused Had Knowledge

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Section 138 of Negotiable Act: Notice on Relative Not Sufficient for Cheque Dishonor Case, Says Kerala High Court: Kochi, India – In a significant ruling concerning the Negotiable Instruments Act, the Kerala High Court has clarified that merely serving a notice of cheque dishonor on a relative of the accused is not sufficient to initiate proceedings under Section 138, unless it can be demonstrably proven that the accused had direct knowledge of such notice. This decision provides crucial guidance on the stringent requirements for statutory notice in cheque dishonor cases.

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Manipal Hospitals Acquires Sahyadri Hospitals from Ontario Teachers’ in $768 Million Deal

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Manipal Hospitals Acquires Sahyadri Hospitals from Ontario Teachers’ in ₹6,400 Crore Deal: Mumbai, India – In a landmark transaction poised to reshape India’s healthcare landscape, Manipal Health Enterprises has announced the acquisition of a majority stake in Sahyadri Hospitals Group from the Ontario Teachers’ Pension Plan Board for a staggering ₹6,400 crore (approximately $768 million USD). This strategic move solidifies Manipal Hospitals’ position as a leading multi-speciality healthcare provider in the country and marks a significant exit for the Canadian pension fund from its 2022 investment in the Maharashtra-based hospital chain.

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