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Indian multinational conglomerate Adani Group has tapped PM Devaiah to be its new general counsel. Devaiah joins from Everstone Group, which has hired Pratibha Jain, a former partner at Nishith Desai Associates (NDA), to replace him.
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M&A specialist Simone Reis and international tax expert Rajesh Simhan, who both left Nishith Desai Associates (NDA) after more than 12 years at the firm’s Mumbai office, have set up a boutique firm called Anagram Partners in Mumbai.
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Indian boutique law firm Algo Legal has hired investment funds specialists Abhinav Bhalaik and Richie Sancheti as partners in Mumbai from Shardul Amarchand Mangaldas and Nishith Desai Associates, respectively.
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Cyril Amarchand Mangaldas has represented India’s Reliance Group on the $3.4 billion sale of its Tower Infrastructure Trust to British Columbia Investment Management Corporation (BCI), Brookfield Infrastructure and GIC.

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Nishith Desai, founder of Nishith Desai Associates (NDA), talks about how in-house departments are appreciating tech-forward law firms, the benefits of the “Inverted T” model, and why true leaders combine will and humility.   
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Former Nishith Desai Associates lawyers Karan Kalra and Dipanshu Singhal have launched a boutique firm called Bombay Law Chambers (BLC) in Mumbai.
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AZB & Partners has advised Jio Platforms, the digital arm of India’s Reliance Industries on the sale of two more stakes – to Abu Dhabi state fund Mubadala Investment, and to the Abu Dhabi Investment Authority (ADIA).
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Nishith Desai Associates has advised Singapore sovereign wealth fund GIC on its 44-billion-rupee ($622 million) investment in the road and highway assets of IRB Infrastructure Developers, which was counselled by S&R Associates.
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Cyril Amarchand Mangaldas has advised India’s Essel Group on the sale of part of its stake in its ZEE Entertainment Enterprises for 42.24 billion rupees ($614.19 million) to Invesco Oppenheimer Developing Markets Fund, which was counselled by Nishith Desai Associates.
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Morrison and Forester and Nishith Desai Associates have acted as SoftBank Group’s U.S. and Indian counsel, respectively, on its $1.4 billion investment in digital payments provider Paytm, which turned to Shardul Amarchand Mangaldas for advice.