AZB & Partners has advised Kwangsung Corporation on its Rs110 million (US$1.26m) acquisition of more than five percent stake in Kwangsung Sandhar Technologies and its subsidiary Kwangsung Sandhar Automotive Systems from Sandhar Technologies. Partners Alka Nalavadi and Kunal Kumbhat led the firm’s team in the transaction, which was completed on June 24, 2025. AZB & Partners has also advised Nissan Motor on its Rs29.7 billion (US$340m) sale of stake in Renault Nissan Automotive India to Renault SA. Partners Rajendra Barot, Nilanjana Singh and Devika Nayak led the firm’s team in the transaction, which was completed on July 31, 2025. Moreover, AZB & Partners is advising Schneider Electric SE on its Rs52.8 billion (US$604m) acquisition of 35 percent stake in Schneider Electric India from Temasek Holdings. Partners Ashwath Rau and Jasmin Karkhanis are leading the firm’s team in the transaction, which was signed on July 29, 2025 and is yet to be completed. Baker McKenzie has advised China International Capital Corporation Hong Kong Securities, as the financial adviser to the offeror, a subsidiary of PAG, on the privatization via merger by absorption of Hong Kong-listed Shandong Fengxiang, a white-feathered broiler meat exporter and retail enterprise for chicken meat food in China. Shandong Fengxiang’s shares were delisted in Hong Kong on July 31, 2025. Partner and Asia Pacific Capital Markets co-head Christina Lee, supported by FenXun partner Yolanda Zheng, led the firm’s team in the transaction. Premier Chinese law firm FenXun established a joint operation office with Baker McKenzie in China under the name Baker McKenzie FenXun in 2015. JSA is advising Steel Infra Solutions on its proposed IPO of equity shares comprising...

AZB & Partners has advised IIFL Capital Services (formerly known as IIFL Securities), DAM Capital Advisors, HSBC Securities and Capital Markets (India), as the book-running lead managers, on the issue by CG Power and Industrial Solutions of approximately 45.45 million equity shares with face value of Rs2.00 (US$0.023) each of its equity shares at Rs660.00 (US$7.52) per equity share, including a premium of Rs658.00 per equity share, aggregating to approximately Rs30 billion (US$342m). The equity shares were allotted on July 4, 2025. Partners Varoon Chandra, Lionel D’Almeida and Rahul Aggarwal led the firm’s team in the transaction. AZB & Partners has also advised PeerCapital on its acquisition, along with other acquirers, of a more than five percent stake in House of Vaaree. Partner Daksh Trivedi led the firm’s team in the transaction, which was completed on July 12, 2025. Moreover, AZB & Partners has advised Wave Beverages, along with the selling shareholders comprising of Mrs Jatinder Kaur Chadha, Mr Manpreet Singh Chadha, Mr Harmandeep Singh Kandhari, Mr Jasmeet Kandhari, Mr Gurdeep Singh Kandhari, Mr Govindeep Singh Kandhari and Mrs Inderjit Kaur, on the Rs10 billion (US$114m) sale of Wave Beverages to Kandhari Global Beverages. Partners Hardeep Sachdeva, Priyamvada Shenoy and Gaurav Priyadarshi led the firm’s team in the transaction, which was completed on July 9, 2025. Baker McKenzie has advised JD.com, a leading global supply chain-based technology and service provider, on the announced public takeover offer for Ceconomy, a leading consumer electronics company in Europe. With this strategic investment partnership, JD.com and Ceconomy intend to build the leading European platform for next-generation consumer electronics. Since its founding in 2004,...

Allen & Gledhill has advised United Overseas Bank, Oversea-Chinese Banking Corporation and Bank of China Singapore Branch, on the S$619.3 million (US$480m) green loan facilities to a special purpose vehicle owned by GuocoLand. Raised under GuocoLand’s Green Finance Framework, the facilities will be used to develop a 99-year leasehold land parcel at River Valley Green (Parcel B) into a high-end waterfront development featuring around 455 residential units across two towers, along with commercial shops on the first storey. When completed, the development at River Valley Green is expected to achieve the Building and Construction Authority’s Green Mark Platinum (Super Low Energy) certification with Maintainability Badge. Partner Aloysius Ng led the firm’s team in the transaction. Allen & Gledhill has also advised Mapletree Investments and Mapletree Treasury Services on the issue of S$400 million (US$310m) 3.048 percent notes due 2040, under their US$5 billion euro medium term note programme. Partner Glenn David Foo led the firm’s team in the transaction. AZB & Partners has advised RTX on the Rs155 billion (US$1.8b) acquisition by Safran and Safran Electronics & Defense Services India of Collins Aerospace’s Actuation and flight control businesses, including acquisition by Safran India of Collins India. Partner Divya Mundra led the firm’s team in the transaction, which was completed on July 21, 2025. AZB & Partners is also advising Micro Life Sciences on the Rs17 billion (US$196m) sale of stake in Micro Life Sciences by Bilakhia Holdings to Abu Dhabi Investment Authority. Partners Vaidhyanadhan Iyer and Jeet Chaudhuri are leading the firm’s team in the transaction, which was signed on July 19, 2025 and is yet to be completed. Moreover,...

Allen & Gledhill has advised Mizuho Bank, Sumitomo Mitsui Banking Corporation Singapore Branch and United Overseas Bank, as the lenders, and ESR Sunview, as the borrower, on the S$248 million (US$193.5m) secured committed facilities granted to ESR Sunview to finance the acquisition and development costs for the construction of a multi-storey warehouse and container depot at Sunview Way. Partners Kok Chee Wai and Aloysius Ng led the firm’s team in the transaction. AZB & Partners is advising CleanMax on the agreement to acquire a 51 percent stake in the joint venture between CleanMax and Toyota Tsusho, with Toyota Tsusho holding the remaining 49 percent in the new JV. Other than investing cash, both the parties are contributing operational assets, such as intellectual property, software, proprietary know-how, infrastructure and human resources, among others, to the JV. Partner Niladri Maulik is leading the firm’s team in the transaction, which was signed on March 7, 2025 and is yet to be completed. AZB & Partners has also advised ICICI Securities, JM Financial and Nomura Financial Advisory and Securities (India), as the book-running lead managers, on Kalpataru’s IPO, comprising a fresh issuance of more than 38.4 million equity shares with face value of Rs10.00 (US$0.116) each, aggregating up to Rs15.9 billion (US$184m). The shares were allotted on June 27, 2025. Partners Varoon Chandra, Lionel D’Almeida and Rahul Aggarwal led the firm’s team in the transaction. Moreover, AZB & Partners has advised Apax Partners on its sale of more than five percent stake in Fractal Analytics. Partners Ashwath Rau, Divya Mundra and Vasudha Asher led the firm’s team in the transaction, which was completed...

Allen & Gledhill has advised the Housing and Development Board on the issue of S$875 million (US$683m) fixed rate green notes due 2030, under its S$42 billion (US$32.8m) multicurrency medium term note programme. The notes are an issuance of green bonds, proceeds of which are intended to be used to finance or refinance Eligible Green Projects under the Project Category of Green Buildings, and for such other purposes as set out in the Green Finance Framework of HDB. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. AZB & Partners is advising L&T Semiconductor Technologies on the Rs1.1 billion (US$13m) acquisition by Kaynes Semicon production lines of the business of Fujitsu General Electronics. Partners Aarthi Sivanandh and Bhavana Alexander are leading the firm’s team in the transaction, which was signed on June 9, 2025 and is yet to be completed. AZB & Partners is also advising L&T Semiconductor Technologies on its Rs1.1 billion (US$13m) acquisition of power module assets (prototype and IP), along with the customer relationships, of Fujitsu General Electronics. Partners Aarthi Sivanandh and Bhavana Alexander are also leading the firm’s team in the transaction, which was signed on June 9, 2025 and is yet to be completed. Moreover, AZB & Partners has advised Warburg Pincus, through its affiliate Currant Sea Investments BV, on its Rs75.6 billion (US$881m) acquisition of stake in IDFC First Bank. The merger notification was filed with the Competition Commission of India on April 25, 2025, and was approved on June 3, 2025. Partner Bharat Budholia led the firm’s team in the transaction. Carey Olsen has acted as Cayman Islands...