Elevation Capital V Limited sold equity shares of One97 Communications Limited (Paytm’s parent company) on the NSE and BSE for a total consideration of Rs.963.6 crore. Cyril Amarchand Mangaldas advised Elevation Capital and its affiliates as legal counsel for the transaction.
Cyril Amarchand Mangaldas advised JSW Energy Limited on acquiring an 8.33% stake in Toshiba JSW Power Systems Private Limited for INR 150 crore. The deal involved purchasing 34,69,59,135 equity shares from Toshiba Corporation and marked a investment for JSW Energy.
Cyril Amarchand Mangaldas advised L&T Realty Properties on its Rs.1,123 crore acquisition of International Green Scapes, which owns nearly 20 acres in Gurugram and undertakes construction, development, ownership, and maintenance of residential projects on the project land there.
CAM, SAM & Latham & Watkins are advising Zepto as the company prepares for a major IPO plan. Their combined expertise is expected to strengthen the rapid-commerce platform’s strategy and support its push toward a high-value market debut.
Cyril Amarchand Mangaldas partner Faraz Alam Sagar has moved to CMS IndusLaw as Equity Partner and Head of Dispute Resolution and White-Collar Crimes in Mumbai. His shift marks a significant leadership transition within the legal industry today itself.
Cyril Amarchand Mangaldas partners Anchal Dhir and Shubham Rastogi have resigned and are now set to join Anagram Partners along with their teams, sources confirmed. Both lawyers have been integral members of CAM’s Corporate practice since starting their careers.
Cyril Amarchand Mangaldas and Trilegal advised Powerica on its major Rs.1,100 crore IPO. Powerica is an integrated power solutions company known for diesel generator sets, medium-speed large generators, and a wide range of power-related services across industries.
Supreme Court to hear if magistrate approval should be mandatory before summoning lawyers in probes. Move follows ED’s controversial summons to senior advocates in ESOP case.
L&T has accused MMRDA of unfair practices in a Rs 6,000 crore infrastructure tender, leading to a Supreme Court hearing set for May 29 after Bombay HC dismissed L&T’s petitions. The Supreme Court highlighted the need for transparency regarding public funds and questioned fairness in the tender process, emphasizing L&T’s right to challenge its bid rejection.
Today, On 7th June, The Delhi High Court considering a student’s plea against the National Testing Agency’s decision to award grace marks in the NEET UG 2024 exam. The petitioner argues that this move unfairly affects many students. The court has requested NTA’s response. Similar concerns have arisen in the Calcutta High Court, indicating wider controversy and legal action.
