We are pleased to announce that the firm’s role as buyer’s counsel representing Thrasio Holdings, Inc. (Thrasio) in its acquisition of a majority stake in Lifelong Online Retail Private Limited (Lifelong) has been named among the Deals of the Year 2022 by India Business Law Journal.
You may read more about the deal in this update.
The deal was run by Managing Partner, Akil Hirani, with able support from the firm’s corporate and tax teams.
In a bid to woo new manufacturing businesses to the state of Karnataka, including the likes of Foxconn (which is Apple’s supplier), the state legislature passed the Factories (Karnataka Amendment) Bill, 2023 to amend the provisions of the Factories Act, 1948 (as...
The Bar Council of India (BCI) has, recently, permitted foreign lawyers to practice foreign law in India in non-litigious matters, subject to compliance with BCI’s registration guidelines. However, appearing in Indian courts, as also advising on real estate...
SEBI has sent out notices to several AIFs for failing to honour the timeline of funds specified in their offer documents. Akil Hirani, Managing Partner, was quoted by IBLJ on the topic. "While some degree of flexibility is needed, as markets are cyclical and...
Currently, under Section 56(2)(viib) of the Income-tax Act, 1961 (ITA), if an Indian private company issues shares to a resident at a premium and the consideration paid for the shares is higher than the fair market value of such shares, then the excess consideration...
We are pleased to announce that Akil Hirani, Rukshad Davar and Neerav Merchant have been included in India Business Law Journal's A-List for 2022-2023. The A-List is based on extensive research conducted by India Business Law Journal. To determine India’s...
Majmudar & Partners has been ranked in 13 practice areas in The Legal 500 (Legalease) Asia Pacific 2023 edition. Congratulations to the partners and the team members for their hard work and stellar performance. Ranked Practice Areas Antitrust and...