Deals

ILP brings Major League Baseball into India

Indian Law Partners (ILP) Partners Gopika Pant and Vineet Gupta along with associate Rohit Taneja are assisting Major League Baseball (MLB), USA as its Indian legal advisers to set up their base in India.

Major League Baseball is a professional baseball organization, and the oldest of the four major professional sports leagues in the United States and Canada. A total of 30 teams play in the National League and American League, with 15 teams in each league.

On 2 July 2019, MLB announced the opening of its sixth international office at New Delhi for the promotion of baseball in India. The office will be tasked with growing the game in India through fan engagement and baseball development. MLB First Pitch, a grassroots program that is already being used to promote baseball in Mexico and China, will be introduced in India for primary school children in 300 schools across New Delhi, Bangalore and Mumbai” reported the Business Standard

Sourcehttps://www.business-standard.com/article/pti-stories/major-league-baseball-to-open-of-its-sixth-international-office-in-india-119070201029_1.html

ILP advises Hyundai Motor and Kia Motors on their investment in Ola

Indian Law Partners (ILP), led by Partners Gopika Pant and Vineet Gupta, Senior Associates Abhimanyu Kaul and Nishant Kulhari and Associates Ira Swain, Anandani Kumari Rathore, Neha Mishra and Kritika Rastogi, advised South Korean automobile manufacturer Hyundai Motor Group (Hyundai) and Kia Motors (Kia) for their $300 million investment in Ola cabs, India’s largest cab aggregator. Ashurst also acted for Hyundai and Kia as international legal counsel. ANI Technologies Private Limited (operating Ola cabs) was assisted by Khaitan & Co.

Hyundai, Kia and Ola, as a part of the strategic partnership will ally to develop fleet and mobility solutions, electric vehicles and infrastructure specific to the Indian market.

ILP acts on investment in Avaada Power by Development Finance Institutions

Indian Law Partners (ILP), led by Partners Gopika Pant and Vineet Gupta, Senior Associate Abhimanyu Kaul and Associate Ira Swain advised Avaada Energy Private Limited (Avaada Energy) and its Promoters, Vineet Mittal and Sindoor Mittal for investments from DEG – DEUTSCHE INVESTITIONS – UND ENTWICKLUNGSGESELLSCHAFT MBH (DEG), Germany and Nederlandse Financierings- Maatschappij voor Ontwikkelingslanden N.V. (FMO), Netherlands. DEG and FMO were assisted by AZB & Partners. Avaada Energy Group is based in India that, inter alia, develops, constructs, owns and operates renewable energy generation projects across India, Asia and Africa with a special focus on solar power.

ILP acts on $50 Million investment in Avaada Power by Asian Development Bank

Indian Law Partners (ILP), led by Partners Gopika Pant and Vineet Gupta, Senior Associate Abhimanyu Kaul and Associate Ira Swain advised Avaada Energy Private Limited (Avaada Energy) and its Promoters, Vineet Mittal and Sindoor Mittal for investment of $50 Million from Asian Development Bank (ADB). ADB was assisted by AZB & Partners. Avaada Energy Group is based in India that, inter alia, develops, constructs, owns and operates renewable energy generation projects across India, Asia and Africa with a special focus on solar power and now the said investment will now enable Avaada Energy to expand its solar photovoltaic (PV) generation capacity in India.

ILP, Khaitan act on Grasim’s acquisition of Soktas India

Indian Law Partners (ILP), led by Partners Gopika Pant and Kanika Premnarayen, Senior Associate Abhimanyu Kaul and Associate Divakar Gupta, advised the Soktas Group from Turkey in relation to the acquisition of 100% equity of Soktas India Private Limited by Grasim Industries Limited (Aditya Birla Group) from SÖKTAŞ Tekstil Sanayi ve Ticaret A.S., a global producer and marketer of fabrics, with its main facilities in Soke, Turkey. Aditya Birla Group was assisted by the Khaitan Mumbai team.

 

Soktas India will become a wholly owned subsidiary of Grasim after the completion of the transaction. Soktas India is in the business of manufacturing and the distribution of premium cotton fabrics and the manufacturing facility is located in Kolhapur, Maharashtra. It sells premium fabrics in India under the “SÖKTAŞ", “Giza House" and “Excellence by SÖKTAŞ" brands and is also a preferred supplier to leading Indian and global menswear brands.

Sourcehttps://economictimes.indiatimes.com/markets/stocks/news/grasim-industries-to-acquire-soktas-india-for-rs-165-crore/articleshow/68284955.cms

ILP advices on YES BANK - Legends Cup 2018

Indian Law Partners, led by Partner Kanika Premnarayen and Associate Divakar Gupta, were the exclusive legal advisors to the “YES BANK - Legends Cup 2018”, India’s largest corporate football tournament organized by Footplay Sports LLP across 6 cities (Mumbai, Hyderabad, New Delhi, Bengaluru, Pune and Kolkata) during October 2018 and March 2019, involving participation of more than 600+ teams across approximately 6000+ players with over 750 matches, from India’s leading corporate houses and financial institutions including Reliance, JSW, PWC, Bloomberg, Yes Bank, Indigo Airlines, HDFC Bank, IndusInd Bank, Maersk, Bajaj Electricals, Taj Group, Axis Bank, JM Financial, Star India, Jet Airways, Morgan Stanley, Peninsula, E&Y, Nomura etc, revolutionizing the manner in which corporate football is played in India. The tournament also has a 80:20 ratio of men and women, with the participation from women growing with every edition. The tournament has on board La Liga as its global football partner which will provide the winning team an unique opportunity to go for a La Liga footballing experience in Spain.

ILP, DSK, Amicus act on Toshiba’s acquisition of remaining stake in UEM

Indian Law Partners (ILP) acted for Toshiba Corporation and its subsidiary in their collective stake increase to 100% and further investment in Delhi-based wastewater treatment and clean water solutions provider company UEM India.

Amicus Services acted for the Promoters of UEM India and DSK Legal advised the other shareholder True North (formerly India Value Fund).

ILP team was led by Partner Gopika Pant, along with Counsel Vineet Gupta and Associates Abhishek Kumar and Pranay Kapoor.

Amicus Services’ Partner Shivi Agarwal and Associate Neelakshi acted for the UEM Promoter.

DSK Legal Partner Narendra Digankar acted for True North.

With this transaction, True North and the Promoters have exited from UEM.

In 2014, Toshiba Corporation had picked up 26 percent stake in UEM India Pvt Ltd.

Sourcehttps://barandbench.com/ilp-dsk-amicus-toshiba-uem/

ILP, SAM, Ashurst act on Framestore's investment in Anibrain Digital

Indian Law Partners (ILP) and Ashurst London office advised BAFTA and Oscar awarding winning Creative Studio – Framestore, UK on its joint venture with Anibrain Digital Technologies Pvt Ltd.

ILP team was led by Partners Gopika Pant and Kanika Premnarayen, along with Counsel Vineet Gupta, Senior Associate Abhimanyu Kaul and Associates Pranay Kapoor, Abhishek Kumar and Ira Swain and Ashurst London Partner David Carter and Solicitor Jack Mendelssohn acted for Framestore.

Shardul Amarchand Mangaldas advised Anibrain and its Founder Jesh with a team led by Mumbai Partner Abhishek Guha along with Principal Associate Ekta Tyagi.

Source:  https://barandbench.com/ilp-sam-ashurst-framestore-anibrain-digital/

ILP, JSA, Ashurst act on Japan Bank's investment in TechnoTrends AutoPark

Japan Bank for International Cooperation has invested in TechnoTrends AutoPark (TTAP), an Indian company owned by Toyota Tsusho.

Indian Law Partners (ILP) and Ashurst advised the Japan Bank for International Cooperation. The ILP team was led by Partner Gopika Pant, Counsel Vineet Gupta and Associates Nishant Kulhari and Abhishek Kumar.

Ashurst team was led by Tokyo Partner Kensuke Inoue, Counsel Arabella Dove and Associate Huw Watkins.

Sagar Associates acted for Toyota Tsusho and TTAP and the team was led by  Bangalore Partner Vivek Chandy along with Associate Lalu John Philip.

The objective of this investment is to support the operation of an industrial park in the state of Gujarat in western India through TTAP, according to JBIC press statement.

Sourcehttps://barandbench.com/ilp-jsa-ashurst-japan-bank-technotrends-autopark/

ILP with bestie Ashurst & Chennai’s IPN on Kia’s MOU to set up Rs 10,300 cr car plant in AP

“Kia Motors, a minority-owned subsidiary of Korean auto major Hyundai Motor Company, is likely to set up a manufacturing facilty in Andhra Pradesh with an investment worth Rs 10,300 crore. The car manufacturing facility, a first for Andhra Pradesh, will involve two phases with a cumulative investment of $1.6 billion, or Rs 10,300 crore, with first phase of investment amounting to about Rs 6,000 crore,” reported the Hindustan Times. Ashurst Hong Kong partner John Kim, senior associates Woojung Kim and Huiyeon Kim and associate David Yun acted for Kia as international advisers. Indian Law Partners (ILP) partner Gopika Pant, counsel Vineet Gupta and associates Kishlay Pandey and Abhimanyu Kaul acted for Kia as its Indian transactional legal advisers. IPN Associates Chennai partner TM Kumar and G Guru Prasath and Delhiassociate Abhishek Pandey acted as the local advisors to Kia in Andhra Pradesh.  

Source: https://www.legallyindia.com/home/ilp-ashurst-ipn-on-1-6bn-kia-andhra-pradesh-plant-set-up-00011130-8499