AZB & Partners

Wishing Everyone a Joyful and Prosperous Diwali from all of us at AZB & Partners. May this festival of lights bring joy, prosperity, and renewed energy to all. #Diwali #lights #lawfirm #festival

Our Inter Alia Quarterly Edition (July-September 2024) provides a brief insight into recent significant developments across practice areas such as the Ministry of Corporate Affair’s introduction of fast-track approval process for inbound (cross-border) mergers, recent amendments to the FEMA Debt Instruments regulations, the migration of venture capital funds to the Alternative Investment Funds (AIF) regime, and several other significant developments relating to corporate law, FEMA, SEBI, banking and finance, intellectual property, telecommunications, employment, litigation, arbitration, etc. Please read these updates on our website at https://lnkd.in/en38WNnv #interalia #legaldevelopments #mca #FEMA #SEBI #banking #employment #telecommunications #litigation #arbitration #intellectualproperty AZB & Partners

We have been privileged to host the first EY-AZB Private Credit Conference, 2024, with EY India on October 24, 2024.    Our sincere thanks to Mr. Ananth Narayan, Whole Time Member, SEBI, and Mr. Pradeep Ramakrishnan, Executive Director, IFSCA, for delivering compelling and thought-provoking key-note addresses. Their deep understanding of the industry and visionary insights sparked meaningful conversations about the future of private credit in India.    We would also like to extend our gratitude towards our esteemed panelists Aakash Desai, CIO & Head of Private Credit, 360 ONE Alternates Asset Management Limited; Apoorv Madhup, Managing Director, Head of India Financing, Deutsche Bank; Shobhit Bahl, Managing Director, Barclays Bank; Sandeep Chandak, Managing Director, Elham Credit Partners; Amit Agarwal, President & Head – Private Credit, Edelweiss Alternatives; Shantanu Nalavadi, Managing Director, India Resurgence Asset Management; Parag Gupta, Principal, Ares Asia; and Ankit Thaker, India Head – Special Situations Credit, SC Lowy – for sharing their valuable insights and perspectives during the sessions. Their expertise and in-depth discussions on key issues significantly enriched the dialogue and provided a deeper understanding of the evolving private credit landscape in India. A special thank you to our moderators – Bahram Vakil, Co-Founder and Senior Partner, AZB, and Vishal Bansal, Partner, Debt and Special Situations, EY, for moderating the panels and driving meaningful conversations. Our gratitude also to the fantastic turnout of two hundred and fifty industry leaders, prominent financiers, and key corporate stakeholders in attendance, for fostering a comprehensive dialogue on the evolving dynamics of private credit – both performing and high-yield. It was truly a wonderful coming together of the tight-knit tribe that is the Indian financing industry, just before the start of what we hope is a prosperous new year! Finally, we extend our congratulations to all members of the EY and AZB teams, Dinkar Venkatasubramanian, Nitin Jain, Bharat Gupta, #Abhishek Dasgupta, Arun Narasimhan, Lokesh Gupta, #Madhusudan Garg, Pulkit Gupta, Shailendra Ajmera, #Vijay Chandrashekhar, Rohit Somani, Anisha Bharadia & Mansi Gupta from EY, and Zia Mody, Bahram Vakil, Anand Shah, Nilang T. Desai, Gautam Ganjawala, Nikunj Maheshwari, Suharsh Sinha, Hufriz Wadia, Ishan Handa, Amrita Sinha, Karthik Mudaliar, Avinash Subramanian, Shivanand Nayak, Bhargavy Ramesh, Saloni Thakkar, Ashnee Desai, #Urmika Tripathi, #Aashirwa Baburaj, #Vishal Choudhury, #Aarti Pandit, #Anahita Pagdiwalla, #Shalini Shete, #Sonal Pawar and #Palash Patil from AZB & Partners - for successfully co-hosting the conference. #EY #privatecredit #conference #India #AZB

Our Inter Alia Special Edition - Competition Law (September 2024) examines the newly introduced deal value threshold, bringing in more transactions under the ex-ante mandatory notification regime of the Competition Commission of India. The edition also covers recent decisions, behavioral cases, and combination orders, offering insights into current regulatory trends. Please read further details on our website at https://lnkd.in/en38WNnv #InterAlia #competitionlaw #SpecialEdition #CCI #CombinationOrders #BehavioralCases AZB & Partners

AZB & Partners advised Welspun and Sintex on a transaction where Sintex-BAPL Limited, a subsidiary of Welspun Corp, acquired Weetek Plastic. Welspun Corp, a flagship entity of the Welspun Group, undertook this strategic move to accelerate its entry into the rapidly growing plastic pipes market in India. Our deal team comprised our Senior Partner Darshika Kothari, Partner Kunal Kumbhat, Senior Associate Shailesh Singh, Associates Anushka Mehta and Khushi Bafna. https://lnkd.in/dZNS-xJk

AZB & Partners represented Zuora Inc. on its acquisition of metering firm Togai, with a view to enhance its AI usage-based models. Zuora is a leading enterprise software company which creates and provides software for businesses to launch and manage their subscription-based services. Togai provides metering and rating solutions, and this acquisition will strengthen Zuora’s offerings. Our deal team comprised our Senior Partner Darshika Kothari, Partner Kunal Kumbhat and Associate Disha Mantry. They were supported by Associates Anushka Mehta and Khushi Bafna on the due diligence; Senior Associate Rashmee Kumar on the IP aspects; Partner Nishanth Ravindran and Senior Associate Anushka Pemmaya on the employment aspects; and Partner Aditya Singh Chandel, Senior Associate Suhail Bansal and Associate Sarvagya Bilgaiyan on the tax aspects. https://lnkd.in/gqQcs2-m

Our Co-Founder and Senior Partner, Bahram Vakil, shared his insightful thoughts on “Building a career in IBC and diverse opportunities” as part of the Course on Insolvency and Bankruptcy Code, 2016, organized by Bettering Results (BR), which was conducted on October 26, 2024. #InsolvencyandBankruptcy #IBC #insolvencylaw #careeropportunities #guidance #insights AZB & Partners Bettering Results (BR)

AZB & Partners represented the United Al Saqer Group, a leading Abu Dhabi based investor, on its investment in the DNEG Group, which is a London headquartered world-leader in visual entertainment technology and services. DNEG is a world-leading visual entertainment services company for the creation of feature film, television, immersive, and multiplatform content, with worldwide offices and studios across North America, Europe, Asia, and Australia.   Our deal team comprised our Senior Partner Darshika Kothari, Partner Kritika Agarwal, Senior Associate Hitesh Agrawal and Associate Ashwin Vardarajan. They were supported by our Partners Nikunj Maheshwari, Nishanth Ravindran and Ruchit Parikh, Senior Associate Prateek Jariwal and Associate Roshni Shinde on the due diligence.   https://lnkd.in/e4kUdFxE

AZB & Partners advised Stephen Cretier and GardaWorld Security Corporation on Indian law aspects in relation to its 100% acquisition of stake in VCECN Holding Corporation and its subsidiaries, including OnSolve, LLC (“OnSolve”), for an aggregate consideration of USD 375 million. OnSolve is a leading provider of critical event management and MassCom services, including risk intelligence, mass notifications, incident management and travel risk management solutions to enterprise customers, small and mid-market businesses and government agencies.   Our deal team comprised our Senior Partner Darshika Kothari, Partner Kritika Agarwal, Senior Associate Shailesh Singh and Associate Pragya Dixit. They were supported by our Partner Nandan Pendsey, Esq., Senior Associate Riddhi Tulshian and Associate Rimjhim Mishra on the intellectual property aspects; and by our Partner Nishanth Ravindran, Senior Associate Sayantani Saha and Associate Aditi Chaturvedi on the employment law aspects. https://lnkd.in/d8-xmkWP

AZB & Partners advised 3M Company on all Indian law aspects of the global spin-off of its healthcare business into a new independently entity listed on the New York Stock Exchange, Solventum Corporation. The transaction involved the legal separation and reorganization of 3M’s healthcare business with a turnover of USD 8.2 billion in over 90 jurisdictions.   Our deal team comprised our Senior Partner Darshika Kothari, Partners Vasudha Asher and Kritika Agarwal, Counsel Himanshoo Tembe, Associates Disha Mantry, and Ashwin Vardarajan. https://lnkd.in/dNkdqm_4