India

DMD Advocates advised Maschinenfabrik Reinhausen GmbH (MR), a German-based engineering group, on legal due diligence and transaction documentation in connection with the acquisition of an equity stake in KVTEK Power Systems Private Limited, an India-based manufacturer of power transformers, distribution and instrument transformers, high-voltage cables, and switchgear. The acquisition strengthens MR’s position in high-voltage testing and measurement and supports the strategic expansion of its subsidiary, HIGHVOLT Prüftechnik Dresden GmbH, which operates in the same technology segment. The transaction was led by Vihang Virkar (Lead Partner, Mumbai Corporate Practice Group), along with Monika Deshmukh (Partner), Pooja Shah (Principal Associate), Advait Borade (Associate), Disha Jain (Associate), Vanshikha Choraria (Associate), and Nardeep Chawla (Associate).

We are pleased to share that Argus Partners has advised Fitterfly, a healthcare company focused on diabetes reversal, obesity management, and heart health programmes, on its acquisition by PB Healthcare Services, the healthcare arm of PB Fintech. The acquisition would enable PB Healthcare Services to expand beyond hospitals and strengthen its preventive healthcare and chronic-disease management offerings. The team at Argus Partners advising Fitterfly was led by Ankit Guha and Neha Madan (Partners). Arka Majumdar (Partner) advised on employment law aspects and Namitha Mathews (Partner) advised on real estate aspects of the transaction. Read more at: Business Standard, Moneycontrol, INC42.

SNG & Partners has announced the appointment of Rajendra Patil as Partner in its Banking & Finance practice. Rajendra’s appointment further augments one of the firm’s established practice offerings, bringing deep in-house leadership experience from the banking sector to the firm. He will be working out of the firm’s Nehru Centre office in Mumbai. Rajendra brings extensive domain experience of more than three decades emanating from a distinguished professional journey of working in-house with leading financial institutions, including ICICI Bank, CRISIL, IDFC, RBL Bank, Bharat Financial Inclusion and IndusInd Bank, where he led and managed a wide spectrum of corporate legal, litigation, compliance, governance, regulatory and corporate secretarial functions. Throughout his career, he has been responsible for managing contentious and non-contentious legal, compliance, governance and corporate secretarial aspects as well as capital market assignments and dealing with law enforcement agencies, for several reputed banking and financial services institutions. Welcoming Rajendra to the team, Anju Gandhi, Senior Partner and Head – Banking & Finance, SNG & Partners, said, “I have known Rajendra professionally for several years and have closely seen his leadership, judgment and ability to manage nuanced legal and regulatory challenges for several large financial institutions. His transition from an in-house leadership role to law firm practice will add to SNG & Partners’ USP of achieving commercial outcomes for its clients, while complying with the procedural and substantive aspects of law. Rajendra’s strong blend of legal, compliance, regulatory expertise and business acumen will be a significant asset to our clients, and I am personally delighted to welcome him to SNG & Partners.” He has also supported business teams by assessing legal, compliance and contractual risk, working closely with external counsel, leading negotiations with third parties, and managing corporate secretarial functions, including Board and shareholder meetings, thereby strengthening governance and compliance frameworks within financial institutions. Rajendra’s transition from a long-standing in-house leadership role into law firm practice brings a distinctive and valuable perspective to SNG & Partners. His combined understanding of legal strategy, regulatory expectations and business realities equips him to deliver practical, commercially aligned advice to clients, and further strengthens the firm’s Banking & Finance practice. With Rajendra’s onboarding, SNG & Partners now has a strength of 30 Partners and a formidable team of over 100 lawyers, strategically based across 3 key locations: New Delhi, Mumbai and Bengaluru.

Argus Partners is pleased to announce that it has advised Heritage Foods Limited on its acquisition of 51% stake in Peanutbutter and Jelly Private Limited (Get-A-Way) from Sky Gate Hospitality, a subsidiary of Devyani International Limited. Peanutbutter and Jelly Private Limited, through its brand Get-A-Way, operates in the guilt-free indulgence segment and has pioneered offerings in high-protein, no-added-sugar ice creams and desserts. This acquisition enables Heritage Foods Limited to enter the healthy desserts segment and expand its consumer food portfolio. The team at Argus Partners advising consisted of Pallavi Kanakagiri (Partner), Siddharth Malakar (Senior Associate) and Khushi Bhardwaj (Associate). Read more at: HinduBusinessLine, CNBC-TV18.