News

In Focus

Amendments to KYC Master Direction – Key Highlights

May 03, 2023

On April 28, 2023, the RBI introduced certain amendments to the Master Direction – Know Your Customer (KYC) Direction, 2016 (“KYC Directions”).

InvIT Regulations – Corporate Governance Amendments

Apr 05, 2023

Infrastructure Investment Trusts (“InvITs”) have emerged as an increasingly attractive vehicle for both domestic and foreign investors looking to leverage India’s infrastructure sector.

Dispute Resolution 2023

Mar 03, 2023

This reference guide provides an overview of the existing dispute resolution framework in India, the court procedures and practices, various alternatives to litigation, relevant documents and the protection of privilege.

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In Focus

Amendments to KYC Master Direction – Key Highlights

InvIT Regulations – Corporate Governance Amendments

Dispute Resolution 2023

KKR on the proposed sale of their stake in Virescent Renewable Energy Trust to India Grid Trust for INR 4,000 crores

Standard Chartered Bank (Singapore) Limited before the NCLAT in an appeal filed by the suspended director of RCI Industries & Technologies Ltd. challenging the initiation of CIRP under the IBC against RCI

Filter Capital on Healthtech startup THB’s recent funding round of US$ 20 million which was led by Filter Capital and Edelweiss Discovery Fund Series-I

Accordion Partners on their acquisition of Meritus Intelytics (d/b/a Merilytics), one of India’s leading data analytics solutions providers, and its wholly owned US subsidiary

Cairnhill CIPEF Limited and Cairnhill CGPE Limited, entities managed by Capital Group, in relation to the IPO of equity shares, by Mankind Pharma Limited

KKR on their proposed additional investment of US$ 250 million in Serentica Renewables

Gauge Capital on the India aspects of its strategic investment in Streamline Healthcare Solutions LLC, including its Indian subsidiary

JM Financial, DAM Capital Advisors, IIFL Securities and Nomura Financial Advisory and Securities India (book running lead managers) in relation to the IPO of Avalon Technologies

Welspun Group on its acquisition of plastic products manufacturer Sintex BAPL through the corporate insolvency resolution process

TPG in Temasek’s proposed acquisition of controlling stake in Manipal Hospitals

Larsen & Toubro Limited in connection with Larsen & Toubro Limited’s debt raise of an aggregate amount of INR 2,000 crore through the issuance of non-convertible debentures

Avaada Group (a ~4GW renewable energy group) on Brookfield’s ~US$ 1 billion investment in their parent entity

Google India, Google Ireland and Google LLC, USA before Income Tax Appellate Tribunal, Bengaluru

Home interior solution provider DesignCafé and its promoters in raising funding from WestBridge Capital and Mirabilis Investment Trust

ASG Hospital Private Limited (“ASG”) in drafting, negotiating and implementing the resolution plan for Vasan Health Care Private Limited under the provisions of the IBC

Multiples Private Equity Fund III on its investment in TI Clean Mobility Private Limited

Abu Dhabi Investment Authority on its proposed investment of approx. USD 500 million in Lenskart

Edelweiss Financial Services Limited, where the validity and arbitrability of put option clauses in India where upheld by the Division Bench of the Hon’ble Bombay High Court

A leading multinational company before the NCLAT in relation to a challenge to a Section 9 admission order under the Insolvency and Bankruptcy Code, 2016 (“IBC”)

Max Estates on real estate development joint venture with Namo Realtech to develop a group housing project in Gurgaon

International Insolvency Institute Podcast – In Brief : Lessons Learned in India from the Resolution of Non-Banking Financial Companies

IDFC FIRST Bank Limited on the proposed preferential allotment to its promoter – IDFC Financial Holding Company Limited to raise ~ INR 2,196 crore

Tekno Point Multimedia India Private Limited and its promoters on the acquisition of a 100% stake in Tekno by DEPT Holding B.V.