Date : August 02, 2021

Esha Lal Swim and Resortwear

Indian Law Partners (ILP), led by Partner Kanika Premnarayen along with Associates Akshay Grover and Vinayek Mehra, advised Esha Lal Swimwear (EL), a leading environmentally conscious and sustainable swim and resort wear brand in relation to registering its trademark and setting up its website Each vibrant print representing nature is an original water colour painted by founder and designer Esha Lal herself, who is also a botanical water colour artist. EL aims to make consciously made products more available to consumers at affordable prices.

Date : July 09, 2021

ILP advises Extramile Engagement on its recent fund raise

Indian Law Partners (ILP), led by Partner Kanika Premnarayen along with Senior Associate Abhimanyu Kaul and Associates Shradha Sharma and Rukhsana Virk, advised Extramile Engagement Private Limited and its Promoters, on its recent fund raise.

The investments will enable Extramile to expand its current business focusing on employee engagement activities, corporate training, workshops, team building activities and events, corporate events, offsites, human resource consultancy as well as software product solutions through designing, development, customization, maintenance and licensing cloud-based computer software and solutions.

Date : June 02, 2021

Australian PE firm, Allegro Funds is all set to acquire Japan Post and Toll Group’s Australian freight and freight forwarding arm, Toll Global Express, subject to regulatory approvals and other customary closing conditions, as per the reports.

Toll Global Express could end up in Australian hands if a buyout from private equity firm Allegro Funds goes through.

Sources reported in the Australian Financial Review today say that Allegro, which owns Best & Less and is Pizza Hut’s master franchisor in Australia, is the preferred buyer overAmerican firm Platinum Equity.

The deal would see Allegro take over Toll’s Australian freight and freight forwarding business, which has more than 8000 employees and accounted for 41 per cent of Toll Group’s revenue in the 2020 financial year; according to the bankers for current owner Japan Post, Toll Global Express is worth $3.2 billion.

— Channel News Australia       

Indian Law Partners (ILP) advised Toll Group and Japan Post in the Indian leg of the deal led by a team of partners Gopika Pant and Vineet Gupta, senior associate Abhimanyu Kaul and associates Rukhsana Virk, Akshay Grover and Jai Shanker Bajpai.

Multiple offices of Ashurst based in Melbourne, Tokyo, Sydney, Brisbane and Singapore, acted as the international legal counsel in the deal.



Date : April 23, 2021

ILP, Ashurst act on Sojitz Japan strategic investment in Qualitas Medical

Japanese trading house, Sojitz Corporation has invested in Malaysia based Qualitas Medical, a leading primary healthcare and wellness services provider in Asia Pacific region by acquiring equity interest, as per the press release by Sojitz. The capital injected will be used by Qualitas for funding of future growth opportunities.

Indian Law Partners (ILP) advised Sojitz Japan as the Indian legal counsel led by a team of partners Gopika Pant and Vineet Gupta, senior associate Anandini Kumari Rathore and associate Rajbir Singh Bal.

Multiple offices of Ashurst based in Tokyo, Singapore and Australia assisted in the international leg of the deal.


Date : January 14, 2020

ILP acts on the India leg of Terna’s acquisition of Brugg Kabel

Terna S.p.A., an Italian listed company operating the biggest electricity transmission grid in Europe, has signed an agreement to acquire majority interest in Brugg Kabel AG (headquartered in Brugg, Switzerland) and its subsidiaries (including Brugg Cables India Private Limited), which develop, manufacture, install and maintain power supply transmission cables (ranging from high voltage cable systems, low and medium voltage cables) and corresponding accessories to industrial system solutions. Acquisition of Brugg Kabel, will allow Terna to acquire a centre of excellence for research, development and testing of one of the core technologies for the Transmission System Operator, such as underground cables. Closing of the deal is expected during the first quarter of 2020, subject to certain mandatory conditions, including communication to the Italian Antitrust Authority.

Indian Law Partners (ILP) advised Terna S.p.A on the Indian leg of the deal led by a team of partners Gopika Pant and Kanika Premnarayen, along with senior associate Samad Ali and associates Akshay Grover, Anandini Rathore, Pankti Lapasia and Shradha Sharma.

Ashurst Italy acted as international counsel for Terna in this transaction.

Please see the following web links for more details on the deal:



Date : December 17, 2019

ILP, AZB, Ashurst, Deloitte advise Thomas Cook India to buy brand from insolvent UK co for $2m + loose change

Thomas Cook India has acquired brand rights of the iconic UK travel firm from its erstwhile promoters for Rs 14 crore. After the acquisition, Thomas Cook will not undergo a name change in India and will now focus on business consolidation and new technologies, said company chair Madhavan Menon. — Business Standard

Thomas Cook India (TCIL) announced … that it has signed an agreement with AlixPartners, Thomas Cook UK’s appointed liquidation managers to acquire the rights to the Thomas Cook Brand for India, Sri Lanka & Mauritius markets for a one time payment of about Rs 14 crore. TCIL was previously contracted to pay an annual brand licence fee of Rs 2 crore to Thomas Cook UK until 2024 for usage of the brand. — The Economic Times

Indian Law Partners (ILP) advised Thomas Cook UK (in administration) and Thomas Cook Indian IP Ltd (in administration) and Alix Partners as special managers led by a team of partners Gopika Pant and Vineet Gupta, senior associate Abhimanyu Kaul, associates Akshay Grover and Shubhangi Gupta.

AZB & Partners advised Thomas Cook India Limited led by a team of partners Divya Mundra and Nandan Pendsey, senior associate Pankhuri Govil.

Ashurst advised Thomas Cook UK on English law issues.

Deloitte was advising Thomas Cook India on tax issues.

AZB & Partners had also recently advised Thomas Cook India on its NCLT restructuring.


Date : September 13, 2019

ILP, SAM act on India leg of US PE investment in Quatrro BPO

Trivest Partners, LP (“Trivest” or the “Firm”) announces it has made an investment in Quatrro Business Support Services (“QBSS” or “the Company”). The QBSS transaction represents the 9th platform company investment in the Trivest Growth Investment Fund (“TGIF”), a $225 million fund dedicated to making growth and non-control investments in founder/family-owned businesses… QBSS’s customers are supported by over 750 dedicated employees and delivery centers and offices across Atlanta, Georgia; Chicago, Illinois; St. Paul, Minnesota; and India.

Indian Law Partners (ILP) advised US-based PE Funds Trivest Partners, VSS and CHM Ventures led by a team of partners Gopika Pant and Vineet Gupta, senior associates Ishan Chandra and Abhimanyu Kaul, associates Rukhsana Virk, Shradha Sharma, Anandini Kumari and Akshay Grover.

Also advising was US law firm Akerman.

Shardul Amarchand Mangaldas also advised on Indian law issues.


Date : August 02, 2019

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


Date : April 16, 2019

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.

Date : March 18, 2019

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

ndian 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.


Date : November 13, 2018

ILP advices on YES BANK - Legends Cup 2018

ndian 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.

Date :  May 16, 2018

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.


Date :  May 01, 2018

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.


Date :  April 20, 2018

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.


Date :  May 09, 2017

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.  


Date :  May 08, 2017

Ashurst, IPN Associates, ILP represent Kia Motors on its $2 Billion investment in automobile plant in Andhra Pradesh

South Korea’s Kia Motors Corporation recently signed a memorandum of understating (MoU) with the Government of Andhra Pradesh, for setting up a greenfield automobile manufacturing facility in the state of Andhra Pradesh. The total project investment in a phased manner is $2 Billion.


Date :  January 24, 2017

ILP advises Nippon Paper Industries Co., Ltd., Japan in buyout of Plus Paper

Indian Law Partners (ILP) advised Nippon Paper Industries Co., Ltd. (NPI), a Japanese paper manufacturing giant, in relation to its 100% buy-out of India’s largest paper cup manufacturer, Plus Paper Foodpac Private Limited (Plus Paper), a BK Modi Group entity. The deal sees NPI enter the Indian manufacturing market, and take over Plus Paper’s manufacturing business in India. Plus Paper manufactures paper cups and packages for some of the biggest names in the food and beverage service industry such as Coca-Cola, KFC and McDonalds. While ILP advised NPI in relation to Indian laws, Japanese law firm Mori Hamada & Matsumoto advised NPI from a Japanese law perspective through a team led by its Partner Yohei Koyama. ILP Partner Gopika Pant, Partner Kanika Premnarayen, Counsel Vineet Gupta, and Associates Abhimanyu Kaul and Joshua Patnigere advised NPI in this matter.


Date :  January 01, 2017

ILP acts for Fibroid Clinics to set-up a state-of-the-art womens hospital

Indian Law Partners (ILP) advised Fibroid Clinics on its recent license of commercial premises at Landmark Building, Andheri (West), Mumbai, which now houses a new state-of-the-art hospital for women, which will focus on treating women suffering from fibroids that are benign tumours of muscular and fibrous tissues that typically develop in the wall of the womb. Dr. Rushindra Sinha, director of Fibroid Clinics, will be heading operations at the hospital, which was inaugurated on January 11, 2017. A brainchild of the late Dr. Rakesh Sinha, a Guinness World Record holder for removing the largest fibroid weighing 3.4 kilograms laparoscopically and for taking out the heaviest uterus weighing 4.1 kilograms laparoscopically, and who was amongst the first surgeons in the world to start 3-dimensional laparoscopy, the hospital has a swanky state-of-the-art operation theatre specially equipped to perform laparoscopic surgeries. ILP Partner Kanika Premnarayen and Associates Abhimanyu Kaul and Joshua Patnigere assisted Fibroid Clinics in this matter.

Date :  September 01, 2016

ILP advises HRX in 51% buyout by Flipkart owned Myntra

Indian Law Partners (ILP) advised Bollywood actor Hrithik Roshan co-owned brand HRX, renowned for its sports apparel and clothing, in relation to a 51% buyout by Flipkart owned Myntra. HRX was first started as a lifestyle brand in 2012 and pursuant to the deal is expected to bring Myntra sales worth approximately INR 300 crore in a financial year. The deal between HRX and Myntra also included licensing deals which now permits HRX and Myntra to both exclusively sell certain categories of apparel on Myntra’s online platform. ILP Partner Gopika Pant, Partner Kiran Desai, Partner Kanika Premnarayen, and Associates Surekha Srinivasan and Joshua Patnigere advised HRX in this transaction.

Date :  August 01, 2016

ILP, Hamilton & Linklaters act on Unilever’s acquisition of Blueair

Indian Law Partners (ILP) & Swedish law firm, Hamilton Advokatbyrå, acted for Swedish company, Blueair, which is a leading worldwide supplier of innovative mobile indoor air purification technologies and solutions, in its acquisition by Unilever. Linklaters acted for Unilever. Launched in 1996 in Stockholm, Blueair had a turnover of US$106m in 2015 and is a leading player in the premium category of air purifiers in markets like China, US, Japan, South Korea and India. Sold in over 60 countries around the world, Blueair has grown rapidly in recent years as the demand for indoor air purification has increased, as consumers have become more aware of the health and wellbeing risks posed by poor air quality. Blueair’s acclaimed air purifying products remove up to 99.97% of all contaminants from the air, including hazardous sooty particles, allergens and viruses. ILP Partner Gopika Pant, Counsel Vineet Gupta, Senior Associate Rakshika Kaul and Associate Kishlay Pandey acted for Blueair on the India related aspects of the transaction and acquisition of the Indian subsidiary of Blueair. Hamilton’s Simon Hahn & team advised Blueair on its worldwide acquisition.

Source :

Date :  May 31, 2016

ILP advises Haitong Bank S.A. on acquisition of Burman Group’s 25% stake in Haitong Securities India

Indian Law Partners (ILP) advised Haitong Bank S.A., a Portuguese bank, on its acquisition of the Burman Group’s 25% stake in Haitong Securities India Private Limited. The ILP team included Partner Gopika Pant, Senior Associate Rakshika Kaul, and Associates Abhimanyu Kaul and Lavina Manghnani. Counsel Vineet Gupta who is currently on a secondment to Mori Hamada & Matsumoto in Tokyo also assisted the team. Pursuant to the transaction, Haitong Securities India is now a wholly owned subsidiary of the Haitong Group. 

Date :  April 21, 2016

ILP, ALMT act on L'Occitane & others $6m funding in MyGlamm

ndian Law Partners (ILP) advised French beauty products maker L’Occitane International on leading a $6m funding round in on-demand beauty services startup MyGlamm which was advised by ALMT Legal. ILP partner Gopika Pant, counsel Vineet Gupta, senior associate Rakshika Kaul and associate Abhimanyu Kaul acted for L’Occitane. ALMT Mumbai partner Statira Ranina, partner Vaishakh Kapadia, and senior associate Pranav Jain acted for MyGlamm. Other investors included Tano Capital and the Times of India publisher Bennett Coleman, reported Mint.  


Date :  July 29, 2015

ILP, AZB watch 100 per cent Richemont FDI in Cartier India as Indian JV partner exits

ndian Law Partners (ILP) advised Navratna Bharat Retail (NBR) on its joint venture (JV) partner Richemont’s buyout of NBR’s 49 per cent equity in their JV RLG Retail. Richemont was advised by AZB & Partners. ILP Mumbai counsel Kanika Premnarayen, senior associate Vineet Gupta and associate Sehar Aijaz acted for Navratna . AZB Mumbai partner Darshika Kothari acted for the Geneva-based Richemont which undertakes single brand retail of the ‘Cartier’ jeweled watches in India. The Foreign Investment Promotion Board (FIPB) had approved the deal in April, according to ILP’s press release. Richemont had applied to the FIPB by January 2014, to enter India’s single brand retail space where stores sell only one brand and 100 per cent foreign direct investment is allowed on the condition that one-third of the raw material is sourced locally, reported Reuters which added that Richemont’s initial investment was $5m.  


Date :  July 03, 2014

ILP, JSA, Ashurst on $10m JBIC PE in Takshasila Hospitals

Indian Law Partners and Ashurst advised the Japan Bank for International Cooperation (JBIC) on investing Rs 630 million ($10.5m) in Takshasila Hospitals which was advised by JSA. ILP partners Piyoosh Gupta and Gaurav Wahie and associate Vaibhav Bhardwaj and Ashurst Tokyo partner Mark Davies, counsel Arabella Dove and associate Elaine Yik acted for JBIC. JSA Bangalore partners Vivek Chandy and Raj Ramachandran, senior associate Neha Bhatia and associate Lalu John Philip acted for Takshasila and existing shareholders. Takshasila Hospitals – a joint venture between Japanese hospital chain operator Secom with Toyota Tsusho Corporation and Kirloskar Group – had set up Sakra World Hospital in 2012 with an investment of about Rs 235 crore, reported VC Circle.  


Date :  April 11, 2014

Ashurst & India best friend ILP advise Toshiba’s $20m clean water entry opposite DSK

Indian Law Partners (ILP) and Ashurst acted for Japanese electronics major Toshiba Corporation in its investment in Delhi-based waste water treatment and clean water solutions provider company UEM India. DSK Legal advised UEM India and its majority stakeholder India Value Fund (IVF). ILP partner Piyoosh Gupta, counsel Gaurav Wahie and associate Vineet Gupta and Ashurst Tokyo partner Mark Davies, counsel Arabella Dove and senior associate William Holmes acted for Toshiba. Ashurst and ILP have a best-friend referral relationship since 2011. Toshiba, according to VCCircle, picked up a 26 per cent stake in UEM for $20m (Rs 125 crore) valuing UEM India at $77m. DSK Legal partner Narendra Digankar and manager Rishabh Mastaram acted for UEM and IVF. IVF had picked up a controlling stake in UEM a few years ago and continues to be the majority shareholder, reported VCCircle.